Mitek Systems

What Mitek Systems does

Mitek Systems, Inc. is a publicly traded, San Diego-headquartered software company that develops AI-powered digital identity verification, biometric authentication, and check fraud detection solutions. Founded as a mobile imaging pioneer that invented mobile check deposit in 2008, the company now serves over 7,000 organizations worldwide across banking and financial services, fintech, digital marketplaces, iGaming, insurance, and telecommunications. Its technology underpins mobile check deposits at 99% of U.S. banks and powers the Check Fraud Defender consortium covering more than 50% of U.S. checking banks.

The company's product portfolio is built on computer vision, machine learning, and biometric AI and is organized into three pillars: Identity (the no-code MiVIP platform, MiPass 4D face-and-voice biometric authentication, and Digital Fraud Defender for GenAI-era threats), Check (Check Fraud Defender, Mobile Deposit, Check Intelligence, and Positive Pay Plus), and Liveness (IDLive Face and IDLive Doc). It holds granted patents covering mobile document classification across 3,500+ global documents, voice clone detection, frictionless facial liveness, and signature verification, and maintains ISO 27001, SOC 2, GDPR, and CCPA compliance certifications.

Mitek generates revenue primarily through recurring SaaS subscriptions, which represent 43% of last-twelve-month revenue and grew 21% year-over-year in Q1 FY2026, supplemented by professional services. Its go-to-market blends direct enterprise sales, inside sales for mid-market, and channel-led distribution through FICO Marketplace, Ping Identity's Global Technology Partner Program, Equifax, and Tyfone. The fraud and identity solutions segment, growing 28-30% year-over-year, is the primary growth engine. The company has 501-1,000 employees across offices in San Diego (HQ), Amsterdam (EU HQ), London, and Barcelona (a 200-person R&D hub), and completed strategic acquisitions of ICAR (2017), A2iA (2018), ID R&D (2021), and HooYu (GBP 98M, 2022) to build its identity and biometric capabilities.

Name

Mitek Systems

Legal name

Mitek Systems, Inc.

Website

https://miteksystems.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mitek Systems is a publicly traded San Diego-based software company that provides AI-powered digital identity verification, biometric authentication, and check fraud detection solutions to over 7,000 organizations worldwide, primarily banks and fintechs.

Ownership category

akta.pro rank

Product category

Digital Identity Verification Software

NAICS

Investigation and Personal Background Check Services (561611), Computer Systems Design and Related Services (54151), Security Systems Services (56162)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Fraud Prevention & Identity Verification (IDV/KYC) (BPAMAEAI)

akta.pro secondary industries

Consumer Identity Verification (KYC) & Fraud Risk for Credit (FSAKAKAD), iCasino Compliance, KYC/AML & Responsible Gaming Services (MPAEABAN), Identity, Fraud & Insurance-Specific RegTech Platforms (FSAGAGAJ)

Keywords

• Digital identity verification
• Biometric authentication software
• Mobile check deposit
• Check fraud detection
• KYC compliance platform

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Others

Revenue model

1. SaaS/Subscription Revenue: Recurring subscription and SaaS licensing revenue from identity verification platform, check fraud detection, and mobile deposit solutions. SaaS revenue comprises 43% of total LTM revenues as of Q1 FY2026, with 21% SaaS growth reported.
2. Fraud and Identity Solutions: Revenue from identity verification services and fraud detection products, including Check Fraud Defender, Digital Fraud Defender, and MiVIP platform. Growing 28-30% year-over-year, representing the primary growth driver.
3. Professional Services: Implementation, integration, and consulting services supporting enterprise deployments of identity verification and fraud detection solutions.

Pricing tiers

Go-to-market motion5 records

Distribution channels7 records

Marketing channels9 records

Core offering

Mitek Systems provides AI-powered digital identity verification, biometric authentication, and check fraud detection software for enterprises. Its no-code MiVIP platform enables businesses to deploy identity verification, liveness detection, face/voice biometric matching, and KYC/AML compliance workflows. The company also offers Mobile Deposit (invented by Mitek in 2008), Check Fraud Defender consortium service, Digital Fraud Defender for AI-generated threats, and IDLive passive liveness detection products.

Product overview

Mitek Systems offers a comprehensive portfolio of digital identity verification and fraud prevention solutions organized around three core product lines: Identity (MiVIP platform, MiPass biometric authentication, Digital Fraud Defender), Check (Check Fraud Defender, Mobile Deposit, Check Intelligence, Positive Pay Plus), and Liveness (IDLive Face, IDLive Doc). The MiVIP platform serves as the core identity verification platform supporting the company's no-code approach to deploying biometrics, document verification, and fraud detection across customer onboarding, authentication, and ongoing monitoring use cases. The company pioneered mobile check deposit in 2008 and has expanded into AI-powered identity verification and fraud prevention solutions serving over 7,000 organizations worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• MiVIP: Verified Identity Platform for identity verification
• MiPass
• Digital Fraud Defender
• Check Fraud Defender
• Mobile Deposit
• Check Intelligence
• IDLive Face
• IDLive Doc
• Positive Pay Plus

Products and services

• MiVIP (Mitek Verified Identity Platform) A no-code identity verification platform that enables organizations to deploy AI-driven identity verification, liveness detection, biometric matching, and fraud detection across the full customer lifecycle from onboarding to authentication. Targeted at enterprises in banking, financial services, fintech, and digital marketplaces.
• MiPass Biometric Authentication 4-dimensional biometric authentication enabling businesses to authenticate customers seamlessly and securely with face match, face liveness detection, voice match, and voice liveness detection. Targets businesses requiring secure customer authentication, passwordless authentication, and account recovery.
• Digital Fraud Defender GenAI fraud detection solution designed to protect against AI-generated deepfakes, synthetic identities, biometric spoofing, and emerging fraud threats including injection attacks. Targeted at enterprises facing AI-generated fraud in digital onboarding and authentication.
• Check Fraud Defender AI-powered cloud-hosted consortium for financial institutions to detect and counteract check fraud in real-time using patented imaging science, machine learning, and consortium-based fraud pattern detection across more than 50% of U.S. checking banks. Targeted at banks and credit unions facing rising check fraud losses.
• Mobile Deposit Mobile check deposit solution allowing consumers to deposit checks using smartphone cameras. First invented by Mitek in 2008 and still in use today with millions of users globally through Mitek's banking partners (99% of U.S. banks). Sold to financial institutions as embedded technology.
• Check Intelligence Check data intelligence solution providing insights and analytics from check processing data. Targeted at financial institutions seeking data-driven insights from check processing operations.
• IDLive Face Passive face liveness detection technology that verifies a live person is present during identity verification, protecting against presentation attacks, injection attacks, and spoofing. Targeted at enterprises requiring AI-powered facial biometric verification in digital onboarding and authentication flows.
• IDLive Doc Document liveness detection technology that uses AI and machine learning to detect spoofed or tampered identity documents in under a second. Targets enterprises facing presentation attacks, document fraud, and the 90% of digital onboarding fraud involving document fraud.

Quantifiable outcome

• Up to 90% savings in manual review time for check fraud detection
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability8 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Datos InsightsminorStrategic or Co-development Partner · 10 June 2026Joint research partnership with Datos Insights on synthetic identity fraud, releasing research findings showing synthetic identity fraud as emerging defining fraud threat of 2026 with U.S. unsecured credit losses reaching $2.94 billion in 2025.
• FICOcoreGTM or Marketing Partner · 13 May 2026Strategic partnership to list Verified Identity Platform (MiVIP) on FICO Marketplace, enabling enterprises using FICO Platform to access Mitek's identity verification technology directly within their decisioning workflows for digital onboarding, account recovery, and authentication processes. The partnership addresses rising sophisticated fraud threats including AI-generated deepfakes, biometric spoofing, and synthetic identity attacks.
• Ping IdentitycoreTechnology or Integration · 13 May 2026Fraud detection integrations including new partnership with Ping Identity for SEPBLAC-compliant digital onboarding upgrades for Spain.
• TyfonecoreTechnology or Integration · 28 April 2026Integration of Check Fraud Defender technology into Tyfone's nFinia Digital Banking platform, providing community financial institutions with real-time check fraud detection using patented imaging science, machine learning, AI, and consortium-based approach.
• Synectics SolutionsminorStrategic or Co-development Partner · 16 April 2026Partnership to help UK insurers tackle rising digital fraud while expanding fair access to insurance through combined fraud detection capabilities.
• Clear SecureminorOthers · 19 March 2026Collaboration in $308B security pivot reshaping digital safety for quantum age, along with Okta and Quantum Secure Encryption.
• Ping IdentitycoreTechnology or Integration · 12 March 2026Integration with PingOne DaVinci no-code identity orchestration service enabling organizations to configure advanced identity verification capabilities including liveness detection and face comparison within a scalable orchestration framework. Mitek joined Ping Identity's Global Technology Partner Program.
• EquifaxcoreTechnology or Integration · 25 September 2023Partnership where Equifax leverages Mitek's AI-powered biometric identity verification and liveness detection capabilities to enhance their solution offering for detecting complex identity risks throughout the customer lifecycle.
• HooYucoreStrategic or Co-development Partner · 23 March 2022Acquisition of UK-based HooYu for GBP 98 million to enhance digital identity verification solutions with KYC technology integration.
• ID R&DcoreStrategic or Co-development Partner · 1 June 2021Acquisition of ID R&D to lead fight against biometric identity fraud, adding voice clone detection and frictionless facial liveness detection capabilities.

Scale indicators17 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Jumio: Jumio is a direct competitor in AI-powered KYC and identity verification, serving banks, fintechs, and digital marketplaces with document verification, liveness detection, and biometric authentication — overlapping almost entirely with Mitek's MiVIP and IDLive product lines.
• Onfido: Onfido provides AI-based digital identity verification with document and biometric checks, targeting financial services and digital platforms — a direct competitor in IDV/KYC with similar no-code platform positioning to MiVIP.
• Socure: Socure is a direct competitor in identity verification and fraud detection for financial services, with a strong focus on synthetic identity fraud and KYC — overlapping with Mitek's Digital Fraud Defender and fraud/identity growth segment.
• Persona: Persona offers an identity verification platform with configurable KYC, AML, and fraud prevention workflows serving fintech, crypto, and digital marketplaces — a direct competitor in flexible, no-code IDV similar to Mitek's MiVIP.
• ID.me: ID.me provides identity verification and digital wallet solutions for government, financial services, and healthcare — a direct competitor in identity proofing with strong biometric verification capabilities overlapping Mitek's MiPass and IDLive products.
• Veriff: Veriff provides AI-powered identity verification with document authentication, facial biometrics, and fraud prevention, serving fintech, mobility, and online marketplaces — a direct competitor in IDV with similar AI/CV technology approach.
• Trulioo: Trulioo offers a global identity verification platform with KYC/AML compliance, document verification, and business verification — a direct competitor in cross-border IDV and corporate KYB, complementing Mitek's 3,500+ document coverage.

Broad incumbents

• Equifax: Equifax is a major credit bureau and incumbent in identity verification, fraud prevention, and KYC — a partner of Mitek and a potential competitive threat given its scale, data assets, and ability to internalize IDV capabilities.
• Experian: Experian is a global information services incumbent in credit reporting, fraud prevention, and identity verification — referenced as a Mitek customer/partner and a broad incumbent competitor with native identity data assets.

Emerging players

• Alloy: Alloy is an identity decisioning platform that orchestrates multiple KYC/AML data sources and verification providers for banks and fintechs — an emerging player in identity orchestration that competes with Mitek's MiVIP platform approach and integrates with providers like Persona, Persona, etc.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MitekSystems
• YouTubeyoutube.com/miteksystems
• LinkedInlinkedin.com/company/mitek-systems-inc-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries7 records

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mitek Systems