Equifax and Mitek Join Forces to Protect Consumers Online
- The strategic partnership between Mitek Systems and Equifax will strengthen Equifax's ability to prevent identity fraud
- Mitek's biometric-based identity verification and liveness detection technology will be added to Equifax's digital identity software
- Equifax will leverage Mitek's AI-powered identity verification technology to detect complex identity risks without impacting customer experience
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Top consumer credit reporting agency and global identity verification experts partner to lead fight against evolving digital fraud threats
In February 2023, the Federal Trade Commission (FTC) released data showing that in 2022, there were more than 1.1 million reports of identity theft received through the FTC’s IdentityTheft.gov website. The same year, losses due to fraud cost Americans
To combat emerging fraud threats, Equifax will leverage Mitek’s artificial intelligence-powered identity verification technology with its own fraud data solutions. This powerful approach is designed to detect complex identity risks throughout the entire customer lifecycle, from onboarding to portfolio servicing, all without impacting customers’ experiences.
“Our mission is to help people live their best financial lives,” said Adam Gunther, SVP & CEO, Equifax Digital Solutions. “Providing a safe and secure online environment is integral to achieving that mission. We work closely with partners like Mitek to provide a suite of identity verification and authentication solutions — like Kount 360 — to address the fraud challenges that companies face today.”
“We exist to keep people safe in the digital world,” said Gavin Sollinger, VP of Strategic Global Alliances at Mitek. “Bad actors will always find new ways to take advantage of people. It is our job to stay ahead of them through the latest advances in artificial intelligence, machine learning, and biometrics. It is an honor to join forces with Equifax, a world-leading advocate for consumer safety, to deploy our pioneering technology to help strengthen consumer identity protection across the world.”
ABOUT MITEK
Mitek (NASDAQ: MITK) is a global leader in digital access, founded to bridge the physical and digital worlds. Mitek’s advanced identity verification technologies and global platform make digital access faster and more secure than ever, providing companies new levels of control, deployment ease and operation, while protecting the entire customer journey. Trusted by
ABOUT EQUIFAX
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in
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Media Inquiries:
Angela M. Romei, Mitek Senior Director
pr@miteksystems.com
Source: Mitek Systems, Inc.
