Biometric Signature ID adds Mitek’s Mobile Verify to its authentication process
Mitek and BioMetric Signature ID announced today that Mitek’s identity document verification technology will be used to verify the individual’s real-world identity as part of the Biometric Signature ID enrollment process, ensuring that gestural biometrics are assigned to the correct person during the enrollment process.
Through this partnership, Mitek’s Mobile Verify will be a key component of the BioProof-ID solution authentication process. Using patented science, Mobile Verify confirms users’ identities by digitally validating the authenticity of government issued identity documents presented during the enrollment process. It adds a second layer of identity verification with biometric face comparison algorithms that automatically compare the portrait extracted from the identity document with a selfie; proving that the person submitting the ID document is its rightful owner.
“BioSig-ID offers innovative biometric solutions that protect sensitive digital records, especially in industries like education, healthcare and banking,” said Michael Nelson, vp of identity at Mitek North America. “We’re excited to partner with a company at the forefront of biometric authentication who ensures the onboarding process is secure and seamless.”
“Unlike other forms of authentication, BSI’s gesture-based biometrics solution allows users to verify their identity with unique markers that can’t be shared, hacked or replicated,” added Jeff Maynard, CEO, president and founder of Biometric Signature ID. “By partnering with Mitek, we’re taking identity verification a step further by providing our customers with an extra level of security and trust, while ensuring BSI’s digital onboarding process remains simple, reliable and effective.”
According to new research released by Mitek and conducted by fintech researcher Autonomous NEXT, identity verification powered by artificial intelligence could reduce the costs of Know Your Customer and Anti-money Laundering processes by 70 percent, while speeding them up by 80 percent.