Mitek

Overview

Mitek is a software company based in the United States, specializing in security software solutions. Founded in 1986, the company has grown to employ between 501 and 1,000 individuals and reported revenue of approximately $179.7 million. Mitek focuses on identity verification technologies, particularly within the banking and financial services sectors. Their recent publication, the "Mitek Identity Intelligence Index 2024," highlights the challenges faced by banks in adapting to evolving fraud risks and regulatory changes. The report indicates that while many banks express confidence in their security measures, there is a notable disparity in perception based on the age of the institution. Established banks often struggle with integrating new technology into legacy systems, which may hinder their ability to effectively combat fraud. The survey conducted for the report involved insights from 1,500 risk and innovation leaders across Europe and North America, shedding light on the current identity landscape and the tools necessary for enhancing security in financial services.

Industry