MITEK SYSTEMS INC

Mitek Systems, Inc. (Nasdaq: MITK) is a global provider of digital identity verification and fraud prevention solutions headquartered at www.miteksystems.com. The company develops and delivers AI-powered technologies that help organizations verify identities, mitigate fraud risk, and enable secure digital interactions across critical customer touchpoints.

Mitek's core business centers on intelligent mobile imaging technology and cloud-based software platforms that leverage artificial intelligence, machine learning, and computer vision to authenticate identities and detect fraud. The company's flagship Mobile Deposit product processes approximately 1.2 billion transactions annually and is embedded within mobile banking applications at major financial institutions across North America. This product enables consumers to remotely deposit checks using smartphone cameras, representing a foundational revenue stream for the business.

The company's broader product portfolio includes the Mitek Verified Identity Platform (MiVIP), an end-to-end identity verification solution combining facial biometrics, liveness detection, ID document validation, and database checks. Mobile Verify provides omnichannel identity document verification across mobile, web, and desktop environments. Check Fraud Defender offers real-time fraud detection powered by proprietary neural networks and financial industry data. Additional offerings include MiSnap for optimized image capture, CheckReader for automated data extraction, MiPass for passwordless authentication, and Digital Fraud Defender for detecting deepfakes and injection attacks.

The company serves more than 7,000 organizations globally, including financial institutions, fintech companies, telecommunications providers, and digital marketplaces. Mitek operates across North America, the United Kingdom, and Europe, with 595 employees as of September 30, 2025, comprising 177 U.S.-based and 418 international staff members.

Mitek's competitive advantages derive from its proprietary mobile auto image capture technology used by millions of consumers, vertically integrated technology stack, in-house expertise in data science and engineering, and scalable cloud infrastructure. The company has strengthened its capabilities through strategic acquisitions, including ID R&D in 2021 for biometric authentication and liveness detection, and HooYu Ltd. in 2022 for orchestration and KYC solutions. As of September 30, 2025, Mitek held 110 issued patents with expiration dates through 2045 and had filed for 25 additional patents.