'Mitek' Acquired 'ID R&D' to Improve its Systems with Artificial Intelligence
Colin Smith — March 29, 2022 — Tech
References: mitek & aimagazine
'Mitek,' the digital identity verification software company with nearly 40 years of experience in the sector, has announced the acquisition of 'ID R&D,' an artificial intelligence (AI) solutions provider. With ID R&D's technology, Mitek will innovate on the modern ID verification market through the use of voice, face, and other biometric identifications. Additionally, the combination of Mitek and ID R&D's technology will produce a convenient, easily applicable solution for businesses to sift out harmful bots from their systems.
The improved digital ID verification services launched by Mitek will be easy to implement for businesses and provide a one-stop solution for securing both front-end consumer ID verification as well as business-side ID verification. As the digital ID verification sector grows, it is expected that Mitek will continue its growth and become one of the largest entities in the industry.
Image Credit: Shutterstock
The improved digital ID verification services launched by Mitek will be easy to implement for businesses and provide a one-stop solution for securing both front-end consumer ID verification as well as business-side ID verification. As the digital ID verification sector grows, it is expected that Mitek will continue its growth and become one of the largest entities in the industry.
Image Credit: Shutterstock
Trend Themes
1. AI-enabled ID Verification - The combination of AI technology from ID R&D and Mitek's experience in digital identity verification will create an innovative solution for verifying identities with voice, face, and other biometric identifications.
2. Bot Detection and Prevention - The improved ID verification services provided by Mitek will include convenient bot detection and prevention solutions for businesses.
3. One-stop Verification Solutions - Mitek's new digital ID verification services will be a one-stop solution for both front-end consumer ID verification and business-side ID verification.
Industry Implications
1. Digital Identity Verification - The acquisition of ID R&D by Mitek will solidify its position as one of the largest and most innovative companies in the digital identity verification industry.
2. Artificial Intelligence Solutions - ID R&D's AI technology will enable Mitek to innovate and provide more advanced AI solutions for digital identity verification.
3. Cybersecurity - Mitek's improved ID verification services will offer convenient bot detection and prevention solutions that can be used to enhance cybersecurity measures for businesses.
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