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DataVisor and Mitek Team Up to Help Financial Institutions Fight Check Fraud - Finovate

Apr 11, 2024 - finovate.com
DataVisor, a fraud and risk platform, has partnered with identity verification company Mitek to integrate Mitek’s Check Fraud Defender into its platform. This will provide financial institutions with real-time check fraud decision orchestration, minimizing fraud losses and boosting operational efficiencies. The Check Fraud Defender uses AI and computer vision technology to evaluate check attributes in real-time, allowing DataVisor customers to flag future check deposits linked to stolen or fraudulent checks.

Mitek, a Finovate alum since 2011, is a leader in digital access solutions and its technology is used by 99% of U.S. banks and 7,900 global organizations for mobile check deposits. DataVisor, which debuted at FinovateFall 2023, recently launched an end-to-end anti-money laundering solution that integrates with its fraud platform to provide additional support against emerging cybersecurity threats. The partnership with Mitek comes less than a month after this launch.

Key takeaways:

  • DataVisor, a fraud and risk platform, has partnered with identity verification company Mitek to integrate Mitek’s Check Fraud Defender solution into its platform.
  • The partnership aims to offer financial institutions real-time check fraud decision orchestration, minimize fraud losses, and boost operational efficiencies.
  • Mitek's Check Fraud Defender uses AI and computer vision technology to evaluate distinct check attributes in real-time and proactively flag future check deposits connected to stolen or fraudulent checks.
  • DataVisor recently launched an end-to-end anti-money laundering (AML) solution that integrates with the company’s fraud platform to provide additional support against emerging cybersecurity threats.
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