FinovateEurope Sneak Peek: Mitek


FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

Trusted by over 5,000 organisations worldwide, Mitek will debut its unique machine-learning passport verification technology allowing service providers to onboard customers from across Europe.


  • Instant verification via native and mobile web apps
  • Reduce onboarding abandonment with a 100% digital process via mobile
  • Machine and deep learning combats advanced fraud techniques

Why it’s great
Omni-channel identity verification establishes mutual trust between the individual and their institution reducing fraud, speeding onboarding, and propelling digital transformation.


Sarah Clark, General Manager for Identity
Clark has worked in high growth fintech companies her entire career, helping companies bring both B2C and B2B products into blue ocean markets.

Mitek_Kalle MarsalKalle Marsal, CMO

Marsal has over 20 years of marketing, technology entrepreneurship, VC, and general management experience in digital imaging, telecommunications, mobility, printing, and other high-technology industries.

Finovate Alumni News


  • AnchorID Adds Apple, SolarCity Vet Mark Roe to Board of Directors.
  • Equifax Shakes Up Mortgage Tech with Castlight Partnership
  • Payfone Lands $23.5 Million in Funding

Around the web

  • Pakistan’s Samba Bank to deploy new core banking technology from Temenos.
  • Infosys’s core banking software Finacle goes live at Nepal’s Sunrise Bank.
  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • Mitek partners with the American Cancer Society, supporting mobile fundraising with its mobile deposit and MiSnap technology.
  • Check Point Software partners with Attivo Networks to improve fraud detection.
  • DAVO Technologies has just been approved as a Certified Electronic Return Originator (ERO) with the California State Board of Equalization.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.


Finovate Alumni News

Around the web

  • Mitek recognized by Deloitte as one of the fastest growing technology companies in North America.
  • FinDEVr alum Hyperwallet teams up with music and media rights company, USA Media Rights.
  • San Diego Union-Tribune adds Jack Henry & Associates to its Top Workplaces list.
  • Yseop wins Information Technology Innovation award from Ventana Research.
  • Liferay opens new office in Dubai.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.


Backbase and Mitek Partner to Remove Onboarding Friction


A new partnership between mobile capture innovator Mitek and omnichannel digital banking solution provider Backbase will make Mitek’s document scanning and validation technology available via the Backbase Open Banking Marketplace. “Backbase is on a mission to deliver seamless digital banking experiences across all devices and channels,” company co-founder and CEO Jouk Pleiter said in a statement. “Our omnichannel banking platform easily enables banks to plug in best-of-breed fintech capabilities.”

The collaboration is an extension of the existing partnership between the two Finovate alums. Among the first to take advantage of the enhanced relationship between the two innovators is Malaysian financial service provider AmBank with more than six million customers. Sarah Clark, general manager for Identity Solutions at Mitek, called AmBank “just one example of how financial institutions can benefit from optimizing the digital experience with Mitek’s innovative and industry-leading technologies.”


Founded in 1985 and headquartered in San Diego, California, Mitek demonstrated its Mobile Verify technology at FinovateSpring 2016. Last month, the company unveiled its new mobile, multicheck capture SDK that helps FIs and their developers deploy mobile banking apps for businesses faster. Online currency exchange b-Sharpe announced it would deploy Mitek’s Mobile Verify last month, as well. In May, Mitek partnered with another Finovate alum, Avoka, integrating its Mobile Fill technology with the Avoka Transact platform to speed new customer acquisition, loan origination, and customer onboarding for banks. Mitek won Best of Show for its Mobile Photo Account Opening solution demonstrated at FinovateFall 2013. James DeBello is CEO.

Backbase, which took home Best of Show honors at FinovateFall 2016 last month, was founded in 2003 and is based in Amsterdam, The Netherlands. The company partnered with fellow Finovate alum Entersekt in August, bringing the company’s payment-authentication technology to its Open Banking Marketplace. The company’s digital banking platform was picked by India-based HDFC Bank earlier this month, selected by India’s IDFC Bank in August, and chosen by U.K.’s oldest bank, C. Hoare & Co., in May.

Finovate Alumni News


  • Alpha Payments Cloud Teams Up with RS2 Software to Support FIs in Thailand. See Alpha Payments Cloud at FinovateAsia in Hong Kong on November 8.
  • Backbase and Mitek Partner to Remove Onboarding Friction

Around the web

  • Suez Canal Bank in Egypt upgrades its core banking technology from Temenos.
  • Intuit QuickBooks buys Bankstream.
  • Thomson Reuters partners with AIM Software to provide buy-side firms with better access to pricing and reference data.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Fintech Favorites



  • TD Bank began rolling out its Flybits (F15) powered digital concierge TD for Me (press release). Check out its FinovateSpring ’16 demo. A first in Canadian banking, TD for Me enhances the popular TD app to include a “digital concierge” feature that curates content and services to create personalized, contextual experiences for customers based on their location and interests. Powered by Canadian start-up Flybits‘ secure cloud-based mobile intelligence product, TD for Me provides customers with useful TD-related content, like special nearby offers, helpful tips and details on local events, with more content and capabilities to be added in future updates.


  • In more TD Bank news, Financeit (F12) teamed with Concentra to purchase TD Bank’s indirect home-financing dealer-network and 45,000-loan portfolio for C$340 million. It’s a huge win for Financeit which assumes originations for 800 dealers previously working through TD Bank (check out its demo at FinovateFall).
  • Standard Chartered, Siam Commercial Bank and Banco Santander participated in Ripple’s (F13) $55 million Series B round announced today. In addition to those three, five more banks signed long-term contracts to integrate Ripple into their own banking platforms: Westpac, National Australia Bank, Mizuho Financial Group, MBO Financial Group, and Shanghai Huarui Bank


  • Mitek (F11) released an SDK for mobile check-capture to make it easier for third-party developers to deploy (press release). Check out their latest Finovate demo last May. Our new SDK is a self-contained set of screens, workflows, and APIs that comprise a complete multi-check capture experience allowing developers to quickly deploy their commercial mobile banking app offerings,” said Michael Diamond, general manager, payments solutions, Mitek. “Previously, our partners and banks were on their own to develop the app-level functionality around our core MiSnap multi-check capture engine. With this SDK, we’ve done the heavy lifting for them.
  • Yandex (F13) introduces AI capabilities to browser to warn users when it’s unsafe to bank or pay online
  • Technologists! Don’t miss the upcoming FinDEVr in Santa Clara, October 18-19 (register now)

Finovate Alumni News


  • Four Fintech Companies Featured in Forbes 100 Most Innovative Public Companies

Around the web

  • Mambu announces plan to double staff to support 10% month-on-month growth.
  • NCR teams up with MX to bring data-driven money-management to FIs. See MX at FinovateFall in New York this week.
  • Expensify opens new office in Melbourne, Australia.
  • Online currency exchange b-Sharpe chooses Mobile Verify from Mitek for identity verification.
  • Leading hedge fund Logica Capital Advisors selects Vera to manage critical business information and internal collaboration files.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Mitek and Avoka Team Up to Provide New Mobile Onboarding Solution


A new partnership will integrate Mobile Fill from Mitek with the digital sales-platform Transact from Avoka. The goal is to make it easier for financial institutions to acquire new customers, originate loans, and onboard customers.

Calling Mitek a “perfect fit” for its strategy to improve its sales platform, Avoka’s Chief Experience Officer Derek Corcoran said that license capture was a “huge step” in the direction of reducing friction during the account-opening process. Mitek chairman and CEO James B. DeBello added that the solution is being introduced by a “top 10 global bank” for retail account opening. “The pre-built integration will make it easy for this and other financial institutions to quickly deploy a comprehensive account-opening solution that will exceed customers’ expectations for a simple, easy-to-use, mobile onboarding experience,” DeBello said.


Recent headlines for Avoka include providing Beyond Bank with the customer-engagement platform that enabled it to win the Celent Model Bank Award for 2016, and an April partnership with eSignLive that gives financial services companies the ability to completely digitize the customer-acquisition process. The company was named one of the top ten fintech companies worldwide by KPMG in February, and was featured by bobsguide in its “Australian fintech startups to watch” in January.  Founded 2002 in Broomfield, Colorado, Avoka demonstrated its Transaction Effort Score (TES) solution this February at FinovateEurope 2016. At FinDEVr 2016 in New York, Avoka discussed its Transact platform in a presentation, “Agile Design for Customer Acquisition.”  Philip Copeland is CEO.

Mitek was last on the Finovate stage in May for FinovateSpring 2016 where they demoed Mobile Verify. The company added Stephen Ritter* at its new CTO in March, and announced a partnership with Harland Clarke to improve remote deposit-capture security in January. In addition to Finovate, Mitek demoed its technology at FinDEVr 2015 in the presentation: “Amazing Mobile Capture Experiences, Made Easy by Mitek.”

*Ritter is former Emotient SVP of engineering and research.

Finovate Alumni News


  • “TransferWise Lands $26 Million, Crossing into Unicorn Territory”
  • Check out this week’s FinDEVr APIntelligence”
  • “Dashlane’s $22.5 Million in New Funding Comes with a Strategic Partner”
  • “Mitek and Avoka Team Up to Provide New Mobile Onboarding Solution”
  • “A Double-Edged Sword: Prosper Increases Rates to Attract Lenders”

Around the web

  • Lendio partners with GoDaddy marketplace to offer small business owners access to working capital.
  • Misys to integrate its FusionBanking Loan IQ technology with Debtdomain from Ipreo.
  • iSignthis announces pilot agreement with iFOREX.
  • CSI globalVCard teams up with MacNair Travel Management to develop a payment solution for travel managers and procurement professionals.
  • NuData Security partners with the National Anti-Organized Retail Crime Association (NAORCA).

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring Sneak Peek: Mitek


FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Mitek, a global leader in mobile capture and identity-verification software-solutions will be demoing an omnichannel approach to mobile ID verification including multiple factors of authentication.


  • Omnichannel capabilities for seamless digital onboarding or ID verification
  • Additional factors of authentication for added security
  • Exceptional user experience

Why it’s so great
Our innovation will allow FIs to bridge the digital divide across their online channels to onboard more customers, more securely.


Sarah Clark, General Manager – Identity, Mitek Systems

Steve Craig, Director, Products and Experience at Mitek