FinovateSpring 2015 / Mitek
Presenter Profile:
How they describe themselves: Mitek (NASDAQ: MITK) is the leading innovator of mobile imaging for financial transactions and identification. Mitek’s patented mobile photo technology automatically captures images of personal and financial documents and then extracts relevant data. This enables consumers to use the Camera as a Keyboard™ to reduce friction for mobile check deposit, account opening, insurance quoting and many other use cases. This innovative technology is licensed by more than 3,300 organizations and used by over 47M of consumers, enabling increased customer acquisition, retention, and operational efficiency.
How they describe their product/innovation: Mitek showed how to improve funnel metrics and double the number of accounts booked with Mobile Photo Account Opening for Mobile Web. They then showcased their new, instant, and guaranteed ID authenticity validation technology, which is a key to the future of mobile identity proofing.
Product distribution strategy: Direct to Business (B2B), through fintech companies and platforms
Contacts:
Bus. Dev. & Sales: Mike Nelson, VP Bus. Dev., mnelson@miteksystems.com, 858-309-1714
Press: Katherine Verducci, Account Director, katherinev@mix-pr.com, 408-429-5779
Website: miteksystems.com
Blog: miteksystems.com/blog
Twitter: @MitekSystems
HQ: San Diego, CA
Founded: January 1985
Product Demoed: Mobile Photo Account Opening for Mobile Web & Mobile Photo Driver’s License Authentication
Product Launch: GA Fall of 2015
Metrics: Our technology is utilized by over 3,300 banks and more than 47M users. Mitek has 60+ employees, 8,186 average web sessions per month, and $19M in revenue in 2014.
Presenters: Michael Nelson (VP Bus. Dev.), Sarah Clark (VP Product)
- Key Executives
James B. DeBello (CEO & President), Russell C. Clark (CFO), Dr. Grigori Nepomniachtchi (Chief Scientist), Michael E. Diamond (CRO)
Key Stats
- Key Board Members
John M. Thornton (Chairman of the Board & former CEO, CFO & President, Mitek), James B. DeBello (CEO & President, Mitek), Bill Aulet (Managing Director, Martin Trust Center for MIT & Senior Lecturer, MIT Sloan School of Business Management), James C. Hale (Co-Founder, FTV Capital), Bruce Hansen (Co-Founder, former CEO & Chairman, ID Analytics)
- Key Investors
Mitek is publicly traded; shareholders include, BlackRock, Vanguard and others.
- Key Advisory Board Members
William P. Tudor (President, International Learning), Victor Nichols (former CEO, Experian North America), Jane J. Thompson (Founder & former President, Walmart Financial Services)
- Key Partnerships
NCR, FIS, FISERVE, WAUSAU, Jack Henry, Cachet, Ensenta, Malauzai
- Key Customers
US Bank, BBVA Compass, Chase, Bank of America