Mitek Verify from Mitek Systems

Identity verification platform with document authentication, biometric facial comparison, liveness detection, and NFC chip reading. Provides automated KYC workflows, risk-based verification, and fraud prevention with detailed verification reports and compliance features.

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Product analysis by function

Know Your Customer (KYC) for Compliance

Platforms for verifying customer identities, assessing risk, and meeting regulatory requirements for customer onboarding.
More Know Your Customer (KYC) More Compliance ...

Identity Verification
(8 Yes /8 Known /10 Possible features)

Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
(7 Yes /7 Known /10 Possible features)

Data Security & Privacy
(9 Yes /9 Known /10 Possible features)

Regulatory Compliance & Reporting
(7 Yes /7 Known /10 Possible features)

User Experience & Onboarding
(7 Yes /7 Known /10 Possible features)

Integration & Interoperability
(8 Yes /8 Known /10 Possible features)

Fraud Detection & Prevention
(8 Yes /8 Known /10 Possible features)

Monitoring & Ongoing KYC
(9 Yes /9 Known /10 Possible features)

Analytics & Reporting
(9 Yes /9 Known /10 Possible features)

Scalability & Performance
(6 Yes /6 Known /10 Possible features)

Vendor Support & Maintenance
(8 Yes /8 Known /10 Possible features)

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Document Verification Verifies government-issued identity documents such as passports, driver's licenses, or identity cards.		Mitek Verify supports government-issued document verification, including passports, driver's licenses, and IDs, as stated on their website.
Biometric Authentication Uses facial recognition, fingerprints, or other biometrics for identity validation.		Biometric facial comparison is a highlighted feature for identity validation in Mitek Verify.
Liveness Detection Validates that a real person is present during the verification process to prevent spoofing.		Liveness detection is specifically listed as a core capability for spoof prevention on the official product page.
Data Cross-Checking Automatically cross-checks customer data against third-party databases or watchlists.		The solution performs cross-checks with external data sources as part of risk-based verification and fraud prevention.
Optical Character Recognition (OCR) Extracts and auto-fills information from documents using OCR technology.		Mitek Verify uses OCR technology for auto-filling information from documents.
Verification Speed Average time taken to verify identity documents and update status.		No information available
Multi-Language Support Supports document types and interfaces in multiple languages.		The product supports multiple languages for document and interface support as described in various product documents.
Video Verification Enables recorded or live video sessions for compliance with regulatory requirements.		Mitek lists video verification as an available feature for regional compliance and customer due diligence.
Name Matching Accuracy Rate at which the system accurately matches submitted names against government data.		No information available
Geolocation Check Confirms the customer's location during onboarding.		Geolocation check is included in the onboarding and fraud mitigation toolkit per product and analyst documentation.

Automated Risk Scoring System assigns risk scores based on customer profiles and behaviors.		Risk-based verification and scoring are part of Mitek Verify’s automatic screening process.
PEP Screening Checks for Politically Exposed Persons among customers.		PEP screening is available as a compliance and due diligence integration in Mitek’s offering.
Sanctions and Watchlist Screening Verifies customers against domestic and international sanctions lists.		Sanctions and watchlist screening is referenced in regulatory compliance documentation.
Adverse Media Checks Automated scanning for negative news regarding the customer or entity.		Adverse media checks are included through data integrations per product description.
Custom Risk Rules Bank can configure custom criteria for risk assessment.		Supports custom risk rules configurable per client as stated in solution documentation.
Transaction Monitoring Integration Integrates customer risk scores with transaction monitoring systems for continuous compliance.		Mitek’s risk scoring data integrates with transaction monitoring per commercial solution briefs.
Ongoing Due Diligence Frequency Frequency with which ongoing due diligence checks are automatically performed.		No information available
Risk Scoring Algorithm Transparency Provides auditability and explainability for risk score decisions.		No information available
Alert Generation Rate The average number of risk or compliance alerts generated per month.		No information available
Remediation Workflow Enables escalation and case management for high-risk findings.		Remediation workflows for high-risk cases can be configured and are documented in customer case studies.

Data Encryption at Rest Customer data is encrypted when stored in databases.		Mitek Verify applies industry-standard encryption for stored data, as described in their security documentation.
Data Encryption in Transit All communications and data transfers are encrypted.		Data in transit is encrypted using TLS per Mitek’s technical compliance guides.
Role-Based Access Control Granular control of access levels for different users and roles.		Role-based access control is supported for customers and staff as per platform documentation.
Audit Trails Comprehensive logging of all user activities for compliance monitoring.		Audit trails and logging are available for compliance tracking and monitoring.
Data Retention Policy Management Configurable policies for how long KYC data is retained.		Data retention policies are configurable in Mitek Verify to support customer compliance.
GDPR Compliance Product is compliant with European Union General Data Protection Regulation.		Mitek Verify is GDPR compliant according to its website and compliance statements.
Data Anonymization Ability to anonymize personal data for analysis or testing.		Data anonymization for analysis and testing is referenced in technical documentation.
Consent Management Mechanisms for capturing and tracking customer consent for data usage.		Platform captures and stores digital consent as part of onboarding flows.
Incident Response Time Average time to respond to data breach or privacy incident.		No information available
Third-Party Audit Certifications Availability of SOC 2, ISO 27001, or similar security certifications.		Mitek has received ISO 27001 and similar external audit certifications per their compliance overview.

Automated Regulatory Reporting Generates and submits compliance reports automatically.		Mitek Verify includes automated regulatory and compliance reporting.
Country-Specific Compliance Modules Supports legal requirements unique to different jurisdictions.		Jurisdiction-specific compliance coverage is described in the product's regional feature sections.
Audit Logs Stores detailed, tamper-evident records of actions for regulatory audits.		Detailed audit logs are maintained as part of the compliance feature set.
Change Management Logging Tracks all system configuration and policy changes.		No information available
Regulatory Update Alerts Notifies users of regulatory or legal changes affecting compliance processes.		No information available
SAR/CTR Filing Automation Supports Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) generation and filing.		Automated SAR/CTR reporting is available where applicable.
Regulatory Filing Accuracy Accuracy rate of generated compliance reports.		No information available
Exception Management Tools for handling and resolving compliance exceptions.		Exception handling and workflow management tools are described as features for compliance teams.
Compliance Dashboard Central dashboard displaying current regulatory status and key compliance metrics.		Compliance dashboards are visually demonstrated in product documentation and promotional material.
E-signature Support Allows digital signing of regulatory documents.		Digital signing of regulatory documents (e-signature) is stated as available in onboarding flows.

Mobile Onboarding Customers can complete onboarding entirely from mobile devices.		Mobile onboarding is a core feature; customers can onboard remotely with mobile devices.
Self-Service Portal Customers can update information or complete KYC tasks without direct assistance.		Self-service functionality is provided for customers via the online and mobile interface.
Guided User Flows Step-by-step guidance for users to complete KYC requirements.		Guided onboarding flows/direct user steps are integral to Mitek’s UX.
Status Tracking Customers and bank staff can track the status of KYC verification in real time.		Status tracking for onboarding and verification appears in both customer and admin panels.
Multilingual Interface User interface available in multiple languages for diverse populations.		Multilingual interface is highlighted in product comparisons and platform specs.
Accessibility Compliance Interfaces conform to accessibility standards such as WCAG.		No information available
Onboarding Completion Rate Percentage of users who successfully complete onboarding.		No information available
Onboarding Time Average time for a customer to complete the KYC onboarding process.		No information available
Real-Time Support Chat Live assistance during onboarding to resolve customer queries.		Mitek offers real-time chat and support during onboarding as referenced in their customer support literature.
Custom Branding Ability to brand the onboarding interface with the bank’s logo and colors.		Custom branding is offered via enterprise plans to enable bank identity on interfaces.

API Availability Provides documented APIs for programmatic integration.		API availability is documented for integration with other bank and fintech systems.
Core Banking System Integration Seamless connection to the bank's core systems.		Integration with core banking platforms is a marketed feature for Mitek's KYC suite.
Third-Party Data Source Integration Connects to external data sources for validation checks.		Integration with third-party data sources is explicitly stated for document and identity validation.
Identity Provider Integration Supports common SSO and identity providers for staff user authentication.		Supports SSO and identity provider integrations for staff authentication.
Webhook Support Triggers real-time notifications to other platforms via webhooks.		Webhook support for event-driven notifications is available per developer resources.
Batch Upload/Processing Supports bulk uploads and processing for large volumes of KYC requests.		No information available
Custom Workflows Supports creation of organization-specific onboarding and KYC workflows.		Custom KYC workflows are supported for organization-specific processes, per Mitek documentation.
Data Export Options Multiple export formats (CSV, XML, JSON) for KYC data.		Multiple data export options (including CSV, JSON) are described.
Sandbox Environment Provides a non-production environment for integration testing.		A sandbox environment is offered for client systems integration and testing.
Integration SLA Service level agreement for integration uptime and support.		No information available

Synthetic Identity Detection Detects attempts to create accounts with fabricated identities.		Synthetic identity detection is mentioned as a fraud control in Mitek solution materials.
Device Fingerprinting Identifies devices used by customers to detect and prevent fraud.		Device fingerprinting is part of fraud risk mitigation suite as per solution descriptions.
IP Reputation Analysis Assesses whether a customer's IP address is associated with suspicious activity.		IP reputation analysis is included in risk-based decisioning flows.
Behavioral Analytics Uses AI/machine learning to identify abnormal user behaviors.		Behavioral analytics for abnormal activity detection is referenced under advanced fraud prevention.
Fraud Detection Rate Proportion of fraudulent accounts or attempts detected by the system.		No information available
Fraud Response Time Average time to respond to a suspected case of fraud.		No information available
Blacklist/Whitelist Management Maintains lists of suspected or trusted customers for screening.		Blacklist and whitelist management functionality is present as detailed in fraud controls.
Velocity Checks Identifies rapid, repeated attempts to onboard or bypass controls.		Velocity checks are available for fraud detection according to solution guides.
Rule and Threshold Management Allows the bank to set and adjust fraud detection parameters.		User-configurable fraud detection parameters are part of the admin toolkit.
Case Management Integration Integrates with case management for escalated investigations.		Integration with case management systems for escalations is referenced in enterprise feature sets.

Periodic KYC Refresh Automated reminders and workflows for routine re-verification.		Periodic KYC refresh with automation and reminders is a supported feature.
Event-Based KYC Triggering Automatically triggers reviews based on significant customer actions.		Event-based KYC checks and triggers are available for ongoing compliance.
Continuous Transaction Monitoring Links KYC data to transaction analysis for real-time alerts.		Continuous transaction monitoring can link KYC and AML modules.
Change Detection Detects and flags changes to customer information.		Change detection tools are part of the monitoring dashboard.
Ongoing Sanctions Monitoring Continuous screening against updated sanctions and watchlists.		Ongoing sanctions monitoring features are included in compliance modules.
Risk Profile Updating Frequency How often customer risk profiles are reviewed and updated.		No information available
Automated KYC Reminders Automatic notifications sent to customers for compliance tasks.		Automated compliance reminders and notifications are supported.
KYC Status Dashboards Provides staff with overview dashboards of KYC statuses.		Staff-facing KYC status dashboards are included in the product.
Escalation Workflow Configurable workflows for cases that fail ongoing checks.		Configurable escalation workflows are available for compliance teams.
Bulk Update Capability Ability to update KYC records for multiple customers at once.		Bulk update capability is supported for mass updates or migrations.

Custom Report Builder Create tailored reports on KYC processes and outcomes.		Custom KYC report builder tools are available as reported in product spec sheets.
Predefined Regulatory Reports Templates for standard compliance reports.		The product offers standard, pre-defined regulatory reporting templates.
Real-Time Analytics Dashboards Live dashboards for monitoring KYC performance metrics.		Real-time analytics dashboards are available for monitoring product metrics.
Data Export for BI Tools Exports data for integration with business intelligence tools.		Export options for integration with BI tools are documented.
KYC Failure Rate Percentage of KYC applications that fail to meet compliance requirements.		No information available
Average Verification Time Report Analysis of time taken for verification steps.		Reports on average verification time are available to clients.
Trend Visualization Visualizes changes in KYC-related KPIs over time.		Trend visualizations for onboarding and verification efficiency are present in reporting.
Data Quality Checks Automated flagging and reporting of data inconsistencies.		Data quality checks and inconsistency reporting is part of the analytics suite.
User Audit Logs Exportable activity logs for user actions.		Export-ready user audit logs are made available for compliance review.
API Access for Reporting Allows third-party reporting and data analysis tools to access KYC data via API.		API access for third-party reporting and analysis is available.

Concurrent User Capacity Maximum number of users that can simultaneously access the platform.		No information available
KYC Processing Throughput Number of KYC verifications processed per hour.		No information available
System Uptime SLA Guaranteed system uptime as per service agreement.		No information available
Cloud Deployment Support Can be deployed in cloud environments for scalable infrastructure.		Deployable on cloud infrastructure for scalability and resilience.
Horizontal Scalability System can scale by adding more servers or instances.		Supports horizontal scaling via cloud-native architectures.
Disaster Recovery RPO Recovery Point Objective in case of disaster.		No information available
Elastic Resource Allocation Automatically adjusts resources based on workload.		Elastic resource allocation is mentioned under cloud scalability features.
Load Balancing Distributes workload evenly across system resources.		Load balancing is provided as part of their SaaS offering.
Queue Management Manages high load and processing queues efficiently.		Queue management is present for managing high-volume processing.
Performance Monitoring Real-time monitoring of system performance metrics.		Performance monitoring tools are available for both platform health and compliance metrics.

24/7 Customer Support Round-the-clock availability of customer service.		24/7 customer support is advertised, especially for enterprise clients.
Dedicated Account Manager Assigned vendor representative for ongoing support.		Dedicated account management is offered for enterprise clients.
User Training Resources Availability of training materials and programs for staff.		Training resources and on-demand materials are available for customer teams.
Knowledge Base Access Comprehensive articles and documentation available online.		Online knowledge base with comprehensive documentation is open to clients.
Regular System Updates Scheduled updates for new features and compliance changes.		Mitek releases regular system and compliance updates for clients.
Custom Feature Development Ability to request and implement bespoke product features.		Custom feature development is optionally available for enterprise customers.
Support Ticket Resolution Time Average time to resolve a standard support ticket.		No information available
SLAs for Issue Escalation Contracted timeframes for addressing critical issues.		No information available
User Community Forum Online forum for peer support and knowledge sharing.		Community forums exist for knowledge sharing and peer support among Mitek clients.
API Versioning & Deprecation Notices Advance communication of changes to integration APIs.		API versioning and deprecation notifications are included in integration developer updates.

Mitek Verify from Mitek Systems

Product analysis by function

Know Your Customer (KYC) for Compliance

Identity Verification (8 Yes /8 Known /10 Possible features)

Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) (7 Yes /7 Known /10 Possible features)

Data Security & Privacy (9 Yes /9 Known /10 Possible features)

Regulatory Compliance & Reporting (7 Yes /7 Known /10 Possible features)

User Experience & Onboarding (7 Yes /7 Known /10 Possible features)

Integration & Interoperability (8 Yes /8 Known /10 Possible features)

Fraud Detection & Prevention (8 Yes /8 Known /10 Possible features)

Monitoring & Ongoing KYC (9 Yes /9 Known /10 Possible features)

Analytics & Reporting (9 Yes /9 Known /10 Possible features)

Scalability & Performance (6 Yes /6 Known /10 Possible features)

Vendor Support & Maintenance (8 Yes /8 Known /10 Possible features)