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Mitek and Experian partner to add ID document and facial verification to CrossCore

 

Mitek and Experian have formed a partnership to add identity document verification and biometric facial matching to its digital identity verification software.

Experian’s CrossCore fraud prevention and identity platform will feature Mitek’s Mobile Verify and Mobile Fill solutions to deliver seamless new account opening and help businesses achieve compliance and mitigate fraud exposure, according to the announcement.

“With our advanced identity document verification and biometric facial comparison technology now available through Experian’s CrossCore platform, we’re able to provide businesses with strong identity assurance in the digital channel,” said James B. DeBello, chairman and CEO, Mitek. “As a result, customers are able to maximize profitability by booking more new accounts and eliminating the time-consuming and costly, manual review processes.”

The announcement refers to a study by Javelin Strategy & Research which showed 1.3 million people were victims of fraud in 2017.

“When it comes to combatting fraud, businesses need to be vigilant in protecting people’s identities. The use of data and analytics can help them make more informed decisions to better recognize legitimate customers and detect fraudulent activity. At the same time, they still need to ensure a positive experience for the customer,” said Steve Platt, Experian’s group president of Decision Analytics and Data Quality. “The addition of Mitek’s advanced technology with our robust set of fraud capabilities, means businesses have more options to address both of those objectives.”

A survey from Forrester recently found Experian to be the most popular vendor in the identity verification market.

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