Prestigious Worldwide Award Program Acknowledges Mitek’s MiPass®
SAN DIEGO, June 26, 2024–(BUSINESS WIRE)–Mitek Systems, Inc. (NASDAQ: MITK) has been named winner of the Authentication Innovation Award within the seventh annual AI Breakthrough Awards program carried out by AI Breakthrough, a number one market intelligence group that acknowledges the highest corporations, applied sciences and merchandise within the international synthetic intelligence (AI) market.
Mitek’s MiPass® represents a big development in biometric authentication know-how. Utilizing a novel mixture of face and voice biometrics, together with liveness detection, MiPass affords a strong authentication answer that’s not solely user-friendly but in addition extraordinarily tough to falsify.
Deepfake know-how, utilizing AI to craft extremely convincing pretend voices and pictures, is more and more being utilized in advanced fraud schemes. Criminals are exploiting this know-how, mixed with stolen information, to carry out social engineering scams and create false identities, posing severe dangers to non-public safety and the monetary sector. MiPass is designed to guard in opposition to at this time’s most refined types of id theft and different more and more harmful fraud vectors.
MiPass brings collectively 4 dimensions of biometrics in a single answer:
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The “selfie” face biometric verifies that the person is similar because the registered account holder.
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The passive face-liveness test validates that the person is human and never a bot or deep pretend.
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The voice biometric provides a further biometric layer to find out the legitimacy of the person to the verified account holder.
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The voice liveness test authenticates in opposition to voice cloning and voice spoofing.
These 4 dimensions of biometric checks are collected in virtually actual time from the patron, offering comfort whereas additionally assuring security.
Chris Briggs, senior vice chairman, Identification, at Mitek, expressed pleasure over MiPass know-how being honored with the esteemed AI Breakthrough award. “This accolade comes at a vital second when there’s a vital demand for enhanced and safe id verification options. MiPass know-how stands out by fulfilling the growing want for digital authentication strategies which are each sturdy in safety and user-friendly.”
The mission of the AI Breakthrough Awards is to honor excellence and acknowledge the innovation, onerous work and success in a variety of AI and machine learning-related classes, together with generative AI, laptop imaginative and prescient, AIOps, deep studying, robotics, Pure Language Processing, industry-specific AI functions and plenty of extra. This 12 months’s program attracted greater than 5,000 nominations from greater than 20 completely different international locations all through the world.
“Utilizing Mitek Techniques’ omnichannel biometric authentication answer helps organizations deal with fraud challenges whereas delivering the velocity and comfort customers count on. Fraudsters love to use authentication vulnerabilities, from poor password hygiene to singular biometric authentication capabilities which are device-bound,” stated Steve Johansson, managing director, AI Breakthrough. “MiPass uniquely proves {that a} person is who they declare to be by matching their biometric id – not their machine or one thing they know like a PIN. We’re thrilled to award Mitek Techniques with the ‘Authentication Innovation Award!’”
That is the fourth award recognizing its innovation and dedication to preventing fraud that Mitek has acquired this calendar 12 months.
Be taught extra about MiPass at https://www.miteksystems.com/biometric-authentication.
About Mitek Techniques, Inc.
Mitek (NASDAQ: MITK) is a worldwide chief in digital entry, based to bridge the bodily and digital worlds. Mitek’s superior id verification applied sciences and international platform make digital entry quicker and safer than ever, offering corporations new ranges of management, deployment ease and operation, whereas defending your entire buyer journey. Trusted by 99% of U.S. banks for cellular test deposits and seven,900 of the world’s largest organizations, Mitek helps corporations scale back danger and meet regulatory necessities. Be taught extra at www.miteksystems.com.
Comply with Mitek on LinkedIn and YouTube, and skim Mitek’s newest weblog posts here.
About AI Breakthrough
A part of Tech Breakthrough, a number one market intelligence and recognition platform for international know-how innovation and management, the AI Breakthrough Awards program is dedicated to honoring excellence in Artificial Intelligence applied sciences, providers, corporations and merchandise. The AI Breakthrough Awards present public recognition for the achievements of AI corporations and merchandise in classes together with Generative AI, Machine Studying, AI Platforms, Robotics, Enterprise Intelligence, AI {Hardware}, Pc Imaginative and prescient and extra. For extra info go to AIBreakthroughAwards.com.
Tech Breakthrough LLC doesn’t endorse any vendor, services or products depicted in our recognition applications, and doesn’t advise know-how customers to pick solely these distributors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC group and shouldn’t be construed as statements of reality. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, together with any warranties of merchantability or health for a selected objective.
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Contacts
Cindy White
Mitek Techniques, Inc.
pr@miteksystems.com