Mitek’s biometric onboarding technology deployed in HyreCar driver app
HyreCar has deployed Mitek identity verification technology in its new mobile app to expedite the onboarding and verification process for new drivers. HyreCar is a carsharing marketplace for ridesharing through its proprietary technology platform.
Developed with Mitek, the HyreCar application allow interested drivers to easily verify their identity when digitally applying to rent a car. Mitek’s technology 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.
According to the announcement, Mitek’s identity verification technology expedites the booking and verification process by 30 percent and lowers ID document forgery in the verification process by up to 20 percent. These technology enhancements have contributed to HyreCar scaling annual rental days from under 400,000 for the fiscal year ending December 31, 2018 to an annualized run rate of over 550,000 rental days through the first two months of 2019.
“We are excited to launch the HyreCar mobile app for our drivers,” said Joe Furnari, CEO of HyreCar. “Reducing friction in our customer conversion channels is expected to accelerate revenue to the top and bottom lines. At the same time, risk reduction through the Mitek integration is expected to enable scale and reduce overhead costs.”
“Empowering a good user experience while verifying new driver identities is the core focus of our partnership with HyreCar,” added Max Carnecchia, CEO of Mitek. “We’re committed to providing both trust and convenience with each digital transaction and are thrilled to be supporting HyreCar in their mission to safely, securely and seamlessly onboard more rideshare drivers.”
Mitek appointed Carnecchia as CEO in November, replacing Jim DeBello.