CSI Launches Advanced Check Fraud Detection Tool in Partnership With Mitek Systems
“Our main goal is to protect our customers. By detecting fraud right at the teller line, we can proactively safeguard their assets,” said Heather Deneault, assistant vice president and deposit operations and branch management officer at Denison State Bank in
Check fraud has surged dramatically in the past three years, with a reported
“As check fraud schemes continue to become more sophisticated and difficult to detect, it is essential to have a solution that delivers fast, consistent protection,” said Steve Sanders, chief risk and information security officer for CSI. “CSI’s check fraud detection solution is the first of its kind at the teller line. By leveraging computer vision and AI technology, we can reduce fraud losses and ensure our customers receive the most advanced protection available.”
The new solution continuously learns through consortium sharing, offering fraud protection at various levels of complexity to potentially predict future changes. Analysts can compare multiple check attributes against profiles stored in a secure, cloud-hosted environment that employs end-to-end encryption and adheres to ISO 27001-certified security protocols, delivering a new level of security to community banks.
“We’re thrilled to partner with CSI to integrate Mitek’s Check Fraud Defender into their NuPoint solution, expanding our collective impact in the fight against check fraud,” said Michael Diamond, senior vice president and general manager at Mitek Systems. “With our expertise in real-time fraud prevention and consortium-based data sharing, this collaboration enables more banks to detect fraud instantly at the teller line, strengthening in-branch security and helping financial institutions stay ahead of evolving threats.”
For more information, visit csiweb.com.
About CSI
As a forward-thinking software provider, CSI helps community and regional banks, as well as organizations worldwide, solve their customers’ needs through open and agile technologies. In addition to its nearly 60-year reputation for personalized service, CSI is shaping the future of banking by swiftly deploying advanced solutions that help its customers rival their competition.
About Mitek Systems
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 with new levels of control, deployment ease, and operation while protecting the entire customer journey. With solutions trusted by 7,900 organizations around the world, including the majority of North American financial institutions that rely on our mobile check deposit solutions, Mitek helps companies reduce risk and meet regulatory requirements. Learn more at miteksystems.com.
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Media Contact:
For CSI,
Emma Chase
Red Fan Communications
media@csiweb.com
512-917-4319
For Mitek,
pr@miteksystems.com
Source: CSI