Abrigo and Mitek partner to enhance fraud detection for financial institutions
- Strategic partnership with Mitek to combat check fraud
- Mitek's Check Fraud Defender uses advanced technology to prevent fraudulent activities
- Aims to provide community financial institutions with powerful fraud prevention solutions
- None.
Check fraud is one of the most prevalent and costly forms of fraud affecting financial institutions. According to FinCEN, check fraud SAR filings increased
Mitek's Check Fraud Defender uses patented imaging science, machine learning, and artificial intelligence to analyze checks from all channels to reduce losses related to check fraud. The Abrigo and Mitek partnership will pave the way for product integration, enabling a wider range of financial institutions to leverage Mitek's advanced fraud prevention solutions. General availability will be announced in early 2024.
"By combining Mitek's cutting-edge technology with Abrigo's industry-leading platform, we can provide our 2,400 customers with a powerful solution to help protect their institutions and customers from financial crimes," said Jay Blandford, CEO of Abrigo.
"The sophistication of fraud and synthetic checks has never been more concerning," said Michael Diamond, Mitek senior vice president and general manager. "With this partnership, Abrigo's customers will have access to Mitek's Check Fraud Defender to prevent fraudulent activities and drastically reduce fraud losses."
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About Abrigo
Abrigo is a leading provider of compliance, credit risk, lending, and asset/liability management solutions and services that help 2,400+ financial institutions manage risk and drive growth. Visit abrigo.com to learn more.
About Mitek
Mitek (NASDAQ: MITK) is a global leader in digital access, founded to bridge the physical and digital worlds. Mitek's advanced identity verification technologies and global platform make digital access faster and more secure than ever, providing companies new levels of control, deployment ease and operation, while protecting the entire customer journey. Trusted by
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SOURCE Abrigo
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