Prestigious Worldwide Award Program Acknowledges Mitek’s MiPass®
SAN DIEGO, June 26, 2024–(BUSINESS WIRE)–Mitek Techniques, 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 world synthetic intelligence (AI) market.
Mitek’s MiPass® represents a major development in biometric authentication know-how. Utilizing a singular mixture of face and voice biometrics, together with liveness detection, MiPass gives a sturdy authentication answer that isn’t solely user-friendly but additionally extraordinarily troublesome to falsify.
Deepfake know-how, utilizing AI to craft extremely convincing faux voices and pictures, is more and more being utilized in advanced fraud schemes. Criminals are exploiting this know-how, mixed with stolen knowledge, 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 towards right now’s most subtle 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 identical 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 faux.
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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 towards voice cloning and voice spoofing.
These 4 dimensions of biometric checks are collected in nearly actual time from the buyer, 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 an important second when there’s a important demand for enhanced and safe id verification options. MiPass know-how stands out by fulfilling the rising want for digital authentication strategies which might be each sturdy in safety and user-friendly.”
The mission of the AI Breakthrough Awards is to honor excellence and acknowledge the innovation, arduous work and success in a spread 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 purposes and lots of extra. This yr’s program attracted greater than 5,000 nominations from greater than 20 completely different nations all through the world.
“Utilizing Mitek Techniques’ omnichannel biometric authentication answer helps organizations handle fraud challenges whereas delivering the pace and comfort customers count on. Fraudsters love to take advantage of authentication vulnerabilities, from poor password hygiene to singular biometric authentication capabilities which might be 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 gadget 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 combating fraud that Mitek has acquired this calendar yr.
Be taught extra about MiPass at https://www.miteksystems.com/biometric-authentication.
About Mitek Techniques, Inc.
Mitek (NASDAQ: MITK) is a world chief in digital entry, based to bridge the bodily and digital worlds. Mitek’s superior id verification applied sciences and world platform make digital entry sooner and safer than ever, offering corporations new ranges of management, deployment ease and operation, whereas defending your complete 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 cut back threat 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 right here.
About AI Breakthrough
A part of Tech Breakthrough, a number one market intelligence and recognition platform for world know-how innovation and management, the AI Breakthrough Awards program is dedicated to honoring excellence in Synthetic Intelligence applied sciences, companies, 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}, Laptop 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 packages, and doesn’t advise know-how customers to pick out 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 specific function.
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Contacts
Cindy White
Mitek Techniques, Inc.
[email protected]
