Viewpointe and Mitek announce partnership to strengthen check fraud detection
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CHARLOTTE, N.C., May 14, 2024 ~ Viewpointe®, a leading managed content services provider, has announced a new partnership with Mitek Systems, Inc. (NASDAQ: MITK), a global leader in mobile deposit and fraud prevention. This strategic collaboration aims to combat the increasing threat of check fraud for financial institutions.

The partnership will allow mutual customers to easily and quickly integrate Mitek's cutting-edge technologies into their systems, enhancing their fraud detection capabilities and enabling them to fight check fraud more effectively. This is a crucial step in addressing the alarming rise in check fraud, which has increased by 385% since 2020 according to the U.S. Department of the Treasury. A recent survey by Propeller Insights also predicts that check fraud losses will reach $24 billion by the end of this year.

Susan Blackburn, Chief Commercial Officer at Viewpointe, expressed her excitement about this partnership, stating that it marks a significant milestone in their commitment to safeguarding the financial industry and consumers from the growing threat of check fraud. She believes that by leveraging Mitek's advanced technologies, they are not only responding to current trends but also actively shaping a safer future for financial transactions.

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Mitek's Check Fraud Defender is a cloud-hosted consortium that utilizes patented imaging science, machine learning, and artificial intelligence to quickly analyze data and reduce losses associated with check fraud. Kerry Cantley, VP of Digital Banking Strategy at Mitek, shared his enthusiasm for this partnership and its potential impact on combating check fraud across financial institutions. He believes that by combining Viewpointe's content and compliance expertise with Mitek's robust Check Fraud Defender consortium, they are delivering an innovative solution that sets new standards in fraud prevention across banking.

Through this partnership, Viewpointe is significantly aiding its customers in their ongoing efforts to combat fraud and keep consumers safe online. By offering Mitek's advanced technology as part of their managed content services, Viewpointe is demonstrating its commitment to providing comprehensive solutions that address the evolving needs of highly regulated enterprises. This partnership is a testament to the company's dedication to staying ahead of the curve and proactively addressing emerging threats in the financial industry.
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