- Threat of cash crash as one in three blocked from paying with notes and coins during pandemic
- Teleperformance comments on UK bank branch closures and digitisation
- Manufacturers outperform other sectors, amid better growth expectations for 2021 says Lloyds UK Recovery Tracker
- UK Finance says lenders continue commitment to supporting mortgage customers into 2021
- Credit market regaining strength but limits still sliding says Equifax
- Bank of England publishes scenario for 2021 Stress Test
- The UK retains its crown as Europe’s capital for FinTech investment expired
- Paymentology selected to join Mastercard’s Fintech Express and Engage Programmes expired
- finleap connect partners with SIA to deliver new Open Banking services in Europe expired
- Stanhope Financial Group launches SH Capital Ltd in Dubai to empower SMEs with global banking services expired
- PRA publishes CP3/21-Depositor Protection: Identity verification Consultation Paper 3/21 expired
- Moneyfacts says top UK savings deals cut in half over the past year expired
11th February 2020
Mitek announces new innovation in its Liveness Detection feature
Mitek has announced new innovation in its Liveness Detection feature. As the industry-first provider of Liveness Detection, Mitek is extending its technology to offer virtually spoof-proof facial comparison across all digital channels (native and web)–through one simple selfie. There are no additional steps for the consumer.
Mitek’s extended Liveness Detection provides customers with additional security against identity fraud, while ensuring a simple and seamless consumer experience–regardless of their preferred channel. A person submits an identity document along with a single selfie image to verify their identity, which are analysed for facial comparison and composition such as texture, lighting and other factors to detect any form of impersonation. A multi-layered approach simultaneously evaluates for printed photos, video replays, low-quality and realistic silicone masks, doll and mannequin faces. In beta tests, customers saw significant improvements in detecting impersonation attempts.
“Increasingly, your digital identity is your gateway to everything you do in both the digital and physical worlds. It’s how you buy goods, send and receive money, and even exchange notes with your doctor,” said Stephen Ritter, Chief Technology Officer at Mitek. “Mitek is setting the standard for digital identity verification, enabling enterprises to provide the highest level of security and convenience for consumers everywhere they need it.”
While alternative solutions with in-app Liveness Detection offer protection from fraud threats, these often lack safeguards for web browsers. That leaves more than 37% of consumers who most often interact with their banking accounts through the bank’s website vulnerable to attack.
The growth of new, more sophisticated forgery technologies like deepfakes means standard image analysis on these websites is no longer enough to verify identity. Omnichannel Liveness Detection helps to close the security gap on web channels by preventing hackers from gaining easy access.
“Liveness Detection completes the identity verification flow, while at the same time ensuring a positive customer experience,” said Brian Swanson, Executive Vice President, Head of Consumer Bank at Axos Bank. “At the end of the day, it’s about creating that mutual, deep-trusted customer relationship.”
Omnichannel Liveness Detection is offered within Mitek’s facial comparison technology. Mitek’s solutions include Liveness Detection technology with Level 1 Presentation Attack Detection(PAD) Conformance Testing by iBeta and is ISO/IEC 30107-3 compliant.