Mitek Supercharges Financial Institutions’ Ability to Detect Check Fraud With MiControl
Mitek Systems, Inc. (MITK)
Last mitek systems, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
Fraud analysts achieve a sixfold increase in productivity detecting check fraud SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK) today introduced MiControl, a comprehensive fraud management console that works with Mitek’s Check Fraud Defender. MiControl quickly detects check fraud, reduces losses and further increases consumers’ online security. With its advanced visualizations and overlays, paired with business rules configured by the bank or financial institution, MiControl can decrease the time it takes for a fraud analyst to review and make a decision about a suspect check from up to 10 minutes to about 90 seconds.Despite the increasing use of digital payment options among banking customers, financial institutions worldwide still process billions of checks each year, and the rate of check fraud continues to climb. Suspicious activity reports for check fraud at depository institutions more than tripled between 2018 and 2022, up 201.2% between those years, according
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MITK
News
- MITK On Track To Achieve Full-Year Targets Despite Slow Start [Forbes]Forbes
- Mitek Systems, Inc. (NASDAQ: MITK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Mitek Systems, Inc. (NASDAQ:MITK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mitek Systems, Inc. (NASDAQ: MITK) had its price target raised by analysts at Craig Hallum from $17.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Mitek Systems' (MITK) Q1 Earnings & Revenues Decline Y/Y [Yahoo! Finance]Yahoo! Finance
MITK
Sec Filings
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K/A
- 4/15/24 - Form 10-Q
- MITK's page on the SEC website