Mitek announced last week that $10 billion in total deposits have been made with its mobile remote deposit capture technology. 

Additional metrics released by the company: 

• Transaction volume increased 140% from July to December of 2011
• Has signed agreements with 333 financial institutions
• The largest 8 U.S. banks (by assets) use its mobile services

To learn more about Mitek, watch its FinovateFall 2011 demo.

Today, Mitek Systems announced a partnership with Progressive Insurance, who will use Mitek’s Mobile Photo Quoting technology to automate insurance purchases:

“Using the Progressive mobile application… the consumer simply enters their zip code and takes a picture of their driver’s license, Vehicle Identification Number or existing insurance ID card. Mitek’s patented mobile imaging technology automatically extracts relevant information from the documents and auto-populates the fields in Progressive’s mobile quoting app… Moments later, they receive an auto insurance quote with the option to buy.”

Mitek also has Photo Payment, Photo Claims, and Document Capture and Send technology included in its insurance solutions suite.

To learn more about Mitek, watch its FinovateFall 2011 demo.

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