Mitek Announces Strategic Partnership with Global Analytics Software Leader FICO to Strengthen Enterprise Fraud Defenses

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Key Terms

fico marketplace technical

An online platform that functions like an app store for credit and risk-management tools, where lenders and other financial firms can discover, buy, or subscribe to scoring models, analytics, and decisioning software. It matters to investors because widespread use can generate recurring fees, strengthen a provider’s competitive position through network effects, and speed adoption of new risk controls or products that directly affect loan volume, default rates, and profitability.

ai technical

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

biometric spoofing technical

Biometric spoofing is the act of tricking systems that use physical or behavioral traits—like fingerprints, facial scans, or voice recognition—by presenting fake or manipulated biometric data so the system accepts the impostor as legitimate. For investors it matters because successful spoofing can cause security breaches, regulatory penalties, repair costs and loss of customer trust, much like a counterfeit key undermining a building’s locks and the reputation of the lockmaker.

synthetic identity technical

A synthetic identity is a fake person created by combining real pieces of someone’s personal data (like a Social Security number) with invented details (like a name or birthdate) to open bank accounts, credit lines, or conduct transactions. For investors, this matters because such fraud can cause unexpected loan losses, higher compliance costs, and reputational or regulatory damage for financial firms, much like termites quietly undermining a building’s foundation.

digital onboarding technical

Digital onboarding is the process companies use to bring customers or users on board entirely online — from identity checks and paperwork to account setup and initial verification — much like completing a new membership form and ID check on your phone instead of visiting a branch. Investors care because smooth, secure digital onboarding can cut customer acquisition costs, speed growth, reduce fraud and compliance risk, and improve retention, all of which affect revenue and profit potential.

authentication technical

Authentication is the process of confirming that a person, document, data feed or electronic message is genuine and comes from who or what it claims to be — like checking an ID or verifying a seal on a package. For investors it matters because authenticated filings, statements and transaction records reduce the risk of fraud, data tampering and regulatory violations, preserving trust and helping ensure investment decisions rest on reliable information.

identity verification technical

Identity verification is the process companies use to confirm that a person is who they claim to be, typically by checking IDs, biometric data, or trusted databases. For investors, it matters because effective verification reduces fraud and legal risk, speeds customer onboarding, and protects a firm's reputation—much like a bouncer checking IDs at a club to keep the place safe and compliant with rules.

05/13/2026 - 08:15 AM

FICO® Marketplace enables enterprises to integrate trusted identity verification into decisioning workflows to combat rising fraud

SAN DIEGO--(BUSINESS WIRE)-- Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, announced today that its Mitek Verified Identity Platform® (MiVIP) is now available on FICO® Marketplace, the industry’s first marketplace for composable enterprise decisioning offerings. The listing empowers enterprises to operationalize AI and drive better outcomes by easily discovering, accessing, and deploying a wide range of pre-built offerings, including AI models, data services and analytics. This addresses a critical need in the industry for organizations to leverage cutting edge technology while preserving their ability to work across their organization to bring together teams and differentiate their business with their own unique intellectual property and customer experiences.

As fraud tactics grow increasingly sophisticated, including AI-generated deepfakes, biometric spoofing and synthetic identity attacks, enterprises are under pressure to make faster, more confident risk decisions. Mitek’s availability in FICO Marketplace enables joint clients to bring trusted identity intelligence directly into decisioning and workflows, enabling organizations to detect fraud earlier while minimizing friction for legitimate users.

“Bringing the Mitek platform into the FICO Marketplace enables enterprises to deploy high-assurance identity verification faster and integrate trusted identity signals directly into business critical decisioning,” said Garrett Gafke, chief operating officer at Mitek Systems. “As fraud threats evolve, organizations need real-time fraud and identity intelligence built into their risk workflows, not bolted on after the fact.”

This integration enables enterprises using FICO® Platform to deploy advanced identity verification capabilities across critical moments in the customer lifecycle, such as digital onboarding, account recovery and ongoing authentication. By combining identity assurance with intelligent decisioning, organizations can improve fraud detection accuracy and deliver more secure digital experiences.

“Identity verification and fraud decisioning too often operate independently, and enterprises absorb the cost,” said Jason Andrew, chief revenue officer at FICO. “This partnership connects Mitek's identity intelligence directly into FICO's decisioning layer through FICO Marketplace, giving enterprises the ability to translate identity assurance into faster, more confident decisions that drive better outcomes across the customer lifecycle.”

FICO Marketplace is accessible directly within FICO Platform and enables customers to leverage a catalog of offerings from trusted and pre-vetted providers. The marketplace reshapes how organizations gain value from AI by enabling rapid discovery and deployment of data, analytics and decisioning assets that fuel intelligent decisioning and drive better business outcomes.

To learn more, visit FICO® Marketplace.

About Mitek

Mitek Systems protects what’s real across digital interactions in a world of evolving threats. Mitek helps businesses verify identities, prevent fraud before it happens, and deliver secure, seamless digital experiences in the face of rapidly advancing AI-generated threats. From account opening to authentication and deposit, Mitek’s technology safeguards critical digital interactions. More than 7,000 organizations rely on Mitek to protect their most important customer connections and stay ahead of emerging risks. Learn more at www.miteksystems.com.

Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest blog posts here.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.

Learn more at https://www.fico.com/en

Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/

For FICO news and media resources, visit https://www.fico.com/en/newsroom.

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.