# Mitek for banks: pricing, customers, review

Source: https://www.bankingnewsai.com/vendors/mitek
Last updated: Nov 3, 2026

*Sells banks the check-imaging software behind mobile check deposit, a consortium-based check fraud scoring service, and identity verification and biometric authentication, through direct sales and resellers such as Fiserv.*

## What is Mitek, and which banks use it?

Mitek Systems, founded 1986 and listed on Nasdaq (MITK), sells banks mobile check deposit software, Check Fraud Defender check fraud scoring and MiVIP identity verification; it reported $179.7 million revenue in fiscal 2025. Among our 100 banks, JPMorgan Chase, Bank of America, Capital One and U.S. Bank were named as Mitek mobile check-imaging clients in 2011-2012 coverage; UK bank NatWest uses its onboarding platform. Pricing is not published; Mitek sells licences, SaaS and per-transaction contracts through quotes.

## At a glance

| Field | Value |
| --- | --- |
| Category | [Fraud detection](https://www.bankingnewsai.com/ai-tools/fraud-detection) · [Document AI](https://www.bankingnewsai.com/ai-tools/document-ai) |
| Founded | 1986 |
| Headquarters | San Diego, California, US |
| Ownership | Public; Mitek Systems, Inc. (Delaware) trades on the Nasdaq Capital Market as MITK. No acquisition or take-private agreement has been filed; its 8-Ks through October 2026 cover results, officer changes and the February 2026 repayment of its $155.25 million convertible notes. ([U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828026005789/mitk-20260205.htm), [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000080786326000038/mitk-20261009.htm)) |
| Ticker | NASDAQ: MITK |
| Deployment | SaaS (cloud), licensed on-premises software and mobile SDKs; also sold through resellers such as Fiserv |
| Pricing model | Software licences with maintenance, SaaS subscriptions and per-transaction fees, sold directly and through channel partners |
| Banks among the 120 largest US banks | 4 |

## Products

| Product | What it does | Status | Sources |
| --- | --- | --- | --- |
| Mobile Deposit | Check image capture and recognition embedded in banks' mobile apps for remote check deposit in the US and Canada; Mitek launched it in 2008. | Generally available | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/about) |
| Check Fraud Defender | Cloud-hosted check fraud scoring that analyzes check images and behavioral data from all deposit channels against a financial-industry data consortium, with MiVIP case management; launched 2021 and also resold by Fiserv. A legacy on-premises version is no longer sold. | Generally available | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/about), [GuruFocus via Yahoo Finance](https://finance.yahoo.com/news/mitek-systems-inc-mitk-q3-050554552.html) |
| MiVIP (Mitek Verified Identity Platform) and Mobile Verify | End-to-end KYC journeys combining ID document validation (Mobile Verify), facial biometrics, liveness detection, database checks and geolocation; launched 2022 and listed on FICO Marketplace from May 2026. | Generally available | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/about), [Mitek (Business Wire via Yahoo Finance)](https://finance.yahoo.com/news/mitek-announces-strategic-partnership-global-121500151.html), [Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/idv-case-studies) |
| MiPass | Passwordless authentication using combined voice and face biometrics with liveness detection, sold on per-authentication or unlimited per-user plans. | Generally available | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/products/biometric-authentication/plans) |
| IDLive Face, IDLive Doc and Digital Fraud Defender | Passive face and document liveness detection (from the ID R&D acquisition) and Digital Fraud Defender, which checks capture, transit and comparison stages for deepfakes, injection attacks and generative-AI template attacks. | Generally available | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek](https://www.miteksystems.com/press-releases/mitek-acquires-idrnd) |
| MiSnap, CheckReader and Check Intelligence | MiSnap is an auto-capture SDK for check and ID images; CheckReader and Check Intelligence extract data from check images across branch, ATM, remote and mobile channels and check Check 21 image quality. | Generally available | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm) |

## How much does Mitek cost?

How it is charged: Software licences with maintenance, SaaS subscriptions and per-transaction fees, sold directly and through channel partners.

Mitek does not publish a price list.

Pricing is not published; Mitek's site has no price list. Its MiPass page describes two plan structures (a pay-per-authentication Starter plan with a one-time enrollment fee, an annual per-user fee and a per-transaction fee, and an Unlimited plan with enrollment and annual per-user fees) but gives no amounts and routes buyers to contact sales.

## Which banks use Mitek?

| Bank | What | Status | Sources |
| --- | --- | --- | --- |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Mobile check-imaging technology: Chase signed a multiyear agreement in February 2011 to build smartphone apps with Mitek technology, and a Chase spokeswoman said the bank planned to use both proprietary and Mitek technology. No later public confirmation of current use was found. | Selected | [American Banker](https://www.americanbanker.com/news/mitek-gets-revenue-lift-and-more-from-partnership-with-chase) |
| [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | Mobile check deposit technology, licensed through NCR; Mitek named Bank of America as a client in May 2011, and the bank declined to comment on timing. | Selected | [American Banker](https://www.americanbanker.com/news/mitek-big-bank-lineup-adds-b-of-a-and-capital-one-with-an-assist-from-ncr) |
| [Capital One](https://www.bankingnewsai.com/banks/capital-one) | Mobile check deposit technology, licensed through NCR; a Capital One spokeswoman confirmed in May 2011 that the bank would use Mitek's technology. | Selected | [American Banker](https://www.americanbanker.com/news/mitek-big-bank-lineup-adds-b-of-a-and-capital-one-with-an-assist-from-ncr) |
| [U.S. Bancorp](https://www.bankingnewsai.com/banks/us-bancorp) | Mobile check deposit software through FIS (per Mitek's CEO in May 2011) and Mitek's mobile photo bill pay, which U.S. Bank said in December 2012 it was integrating into its bill-pay workflow for apps due in early 2013. | Announced | [American Banker](https://www.americanbanker.com/news/mitek-big-bank-lineup-adds-b-of-a-and-capital-one-with-an-assist-from-ncr), [American Banker](https://www.americanbanker.com/news/us-bank-to-launch-miteks-mobile-photo-bill-payment) |

Among the [120 largest US banks](https://www.bankingnewsai.com/banks) on this site, from sources that name the bank.

## Flagship platform: Mobile Deposit, Check Fraud Defender and MiVIP

Mobile Deposit captures and reads check images inside a bank's own app (about 1.2 billion transactions a year, Mitek says); Check Fraud Defender scores check images against a financial-industry data consortium; MiVIP combines document checks, face biometrics, liveness and deepfake detection for KYC onboarding. ([U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm))

## Key points

- Mitek reported fiscal 2025 (year to September 30, 2025) revenue of $179.7 million, up 4%; SaaS, maintenance and other revenue rose 17% to $105.6 million while software licence and hardware revenue fell 10%.
- One customer provided $26.9 million, or 15% of fiscal 2025 revenue, and the 10-K says a relatively small number of customers will continue to account for a significant portion of revenue; the customer is not named.
- Mitek says its Mobile Deposit product handles about 1.2 billion transactions a year and that it serves more than 7,000 organizations, including financial institutions, fintechs and telecoms (10-K, December 2025).
- In fiscal Q3 2026 (to June 30, 2026) revenue rose 18% to $54.0 million; CEO Ed West said a top five US bank completed pilot testing and joined the Check Fraud Defender consortium network, which Mitek says now covers about 70% of US checking accounts (vendor-reported).
- Mitek's identity products come largely from acquisitions: ID R&D (biometrics and liveness, June 2021, up to $49 million) and HooYu (UK KYC orchestration, March 2022, £98 million in cash).
- Mitek missed SEC filing deadlines in 2023: Nasdaq issued a delisting determination in December 2023 over its late fiscal 2023 10-K, and Mitek requested a hearing; it remains listed.
- Outside our US set, NatWest built selfie-and-ID mobile account opening with HooYu (now Mitek MiVIP), piloted with more than 60,000 customers from 2019; Mitek says it cut opening time to as little as four minutes (vendor-reported). Mitek's MiVIP page also lists Lloyds Bank and Chase Bank among global clients without describing their use.

## Timeline

- Sep 2, 2026 — **Takes top three places in LivDet-Face image category** Mitek said its presentation attack detection took the top three places in the image category of the 2026 LivDet-Face competition, an independent evaluation run by the Center for Identification Technology Research. ([Mitek (Business Wire via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/mitek-takes-top-3-image-201500022.html))
- Aug 6, 2026 — **Top five US bank joins Check Fraud Defender consortium** Mitek reported Q3 fiscal 2026 revenue of $54.0 million, up 18%, said a top five US bank had completed pilot testing and joined the Check Fraud Defender consortium, and named Aaron Seyler Chief Revenue Officer. ([Mitek (SEC filing)](https://www.sec.gov/Archives/edgar/data/807863/000080786326000035/mitk-20260630xexx991xq326e.htm))
- May 13, 2026 — **MiVIP listed on FICO Marketplace** Mitek announced a partnership with FICO making MiVIP identity verification available on FICO Marketplace for use inside FICO decisioning workflows. ([Mitek (Business Wire via Yahoo Finance)](https://finance.yahoo.com/news/mitek-announces-strategic-partnership-global-121500151.html))
- Feb 1, 2026 — **Repays $155.25 million convertible notes** Mitek repaid in full its 0.750% convertible senior notes due February 1, 2026, $155.25 million of principal plus interest. ([U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828026005789/mitk-20260205.htm))
- Dec 11, 2025 — **Fiscal 2025 revenue of $179.7 million** Mitek reported fiscal 2025 revenue of $179.7 million, up 4%, with SaaS, maintenance and other revenue up 17%; CEO Ed West set a 'Unify and Grow' plan for fiscal 2026. ([U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek](https://www.miteksystems.com/press-releases/mitek-reports-record-fiscal-2025-revenue))
- Oct 1, 2024 — **Ed West named CEO** Former Cardtronics CEO Ed West became Mitek's CEO; Scott Carter, interim CEO since June 2024, became non-executive chairman. ([Mitek](https://www.miteksystems.com/press-releases/mitek-ceo-announcement))
- Dec 18, 2023 — **Nasdaq delisting determination over late 10-K** Mitek received a Nasdaq staff delisting determination for failing to file its fiscal 2023 10-K on time, after delays in its fiscal 2023 10-Qs, and said it would request a hearing. ([Mitek (SEC filing)](https://www.sec.gov/Archives/edgar/data/807863/000080786323000166/mitk-20231218xex991xpressr.htm))
- Mar 23, 2022 — **Acquires HooYu for £98 million** Mitek bought UK KYC orchestration firm HooYu in an all-cash deal of £98 million; the release said HooYu was used by banks including NatWest and Virgin Money. ([Mitek](https://www.miteksystems.com/press-releases/mitek-acquires-uk-based-hooyu-in-all-cash-gbp-98-million-deal))
- Jun 1, 2021 — **Acquires ID R&D** Mitek acquired ID R&D, a provider of AI-based voice and face biometrics and liveness detection, for up to $49 million in Mitek stock and cash. ([Mitek](https://www.miteksystems.com/press-releases/mitek-acquires-idrnd))
- Dec 5, 2012 — **U.S. Bank to launch Mitek mobile photo bill pay** U.S. Bank said it was integrating Mitek's photo bill pay into its bill-pay workflow for new apps due in early 2013; American Banker reported Mitek had 564 banks signed up for mobile check deposit. ([American Banker](https://www.americanbanker.com/news/us-bank-to-launch-miteks-mobile-photo-bill-payment))
- May 9, 2011 — **Bank of America and Capital One added through NCR** Mitek said Bank of America and Capital One joined its mobile check deposit clients through NCR, that 40 financial institutions used the service, and that U.S. Bancorp used it through FIS. ([American Banker](https://www.americanbanker.com/news/mitek-big-bank-lineup-adds-b-of-a-and-capital-one-with-an-assist-from-ncr))
- Feb 14, 2011 — **JPMorgan Chase signs multiyear agreement** Chase announced a multiyear agreement to develop smartphone apps with Mitek's mobile imaging technology, which Mitek's CEO said would replace Chase's in-house technology. ([American Banker](https://www.americanbanker.com/news/mitek-gets-revenue-lift-and-more-from-partnership-with-chase))
- Jan 1, 2008 — **Launches Mobile Deposit** Mitek launched Mobile Deposit, which it describes as the first app to let users deposit checks with a smartphone. ([Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/about))
- Jan 1, 1986 — **Mitek founded** Mitek was founded in 1986 to build image analytics and OCR software for financial institutions; according to its own history page. ([Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/about))

## What do banks use Mitek for?

| Use case | What | Status | Detail | Sources |
| --- | --- | --- | --- | --- |
| [Fraud detection](https://www.bankingnewsai.com/ai-regulation/by-use-case#fraud) | Check fraud detection | In production | Scoring deposited check images and behavioral data against a consortium of financial institutions to flag counterfeit, altered and stolen checks before posting. | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek (SEC filing)](https://www.sec.gov/Archives/edgar/data/807863/000080786326000035/mitk-20260630xexx991xq326e.htm) |
| [AML / KYC](https://www.bankingnewsai.com/ai-regulation/by-use-case#aml-kyc) | Identity verification at account opening | In production | Document authentication, selfie matching, liveness and database checks for KYC onboarding, as in NatWest's selfie-and-ID account opening. | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek](https://www.miteksystems.com/files/docs/MiVIP%20-%20NatWest%20Case%20Study%20.pdf) |
| [Cybersecurity](https://www.bankingnewsai.com/ai-regulation/by-use-case#cybersecurity) | Deepfake and injection-attack detection | In production | Digital Fraud Defender and IDLive check identity captures for deepfakes, injected media and presentation attacks. | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek (Business Wire via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/mitek-takes-top-3-image-201500022.html) |
| [Fraud detection](https://www.bankingnewsai.com/ai-regulation/by-use-case#fraud) | Biometric step-up authentication | In production | MiPass voice and face biometrics as a passwordless step-up for high-value transactions and account access. | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm), [Mitek (retrieved 2026-11-02)](https://www.miteksystems.com/products/biometric-authentication/plans) |
| [Third-party & vendor AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#third-party-vendors) | Embedded through core and digital-banking providers | In production | Banks often get Mitek through resellers: Fiserv resells Check Fraud Defender, and in 2011 Bank of America, Capital One and U.S. Bancorp licensed Mitek through NCR or FIS. | [GuruFocus via Yahoo Finance](https://finance.yahoo.com/news/mitek-systems-inc-mitk-q3-050554552.html), [American Banker](https://www.americanbanker.com/news/mitek-big-bank-lineup-adds-b-of-a-and-capital-one-with-an-assist-from-ncr) |

## Disclosed numbers

| Measure | Value | As of | Sources |
| --- | --- | --- | --- |
| Revenue, fiscal 2025 | $179.7 million, up 4%; SaaS, maintenance and other $105.6 million (59%) | Sep 30, 2025 | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm) |
| Revenue, fiscal Q3 2026 | $54.0 million, up 18%; SaaS revenue $26.2 million, up 36%; full-year guidance raised to $195-200 million | Jun 30, 2026 | [Mitek (SEC filing)](https://www.sec.gov/Archives/edgar/data/807863/000080786326000035/mitk-20260630xexx991xq326e.htm) |
| Mobile Deposit volume (vendor-reported) | About 1.2 billion transactions a year | Dec 11, 2025 | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm) |
| Organizations served (vendor-reported) | More than 7,000 | Dec 11, 2025 | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm) |
| Check Fraud Defender annual contract value (company-reported on earnings call) | More than $22 million, up 73% year over year; consortium covers about 70% of US checking accounts | Jun 30, 2026 | [GuruFocus via Yahoo Finance](https://finance.yahoo.com/news/mitek-systems-inc-mitk-q3-050554552.html) |
| Largest customer's share of revenue | $26.9 million, 15% of fiscal 2025 revenue (customer not named) | Sep 30, 2025 | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm) |
| Employees | 595 (177 in the US, 418 internationally) | Sep 30, 2025 | [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm) |

## Quotes

> "Our consortium data network reached an important milestone this quarter, as a top five US bank completed pilot testing and joined the full consortium network on Check Fraud Defender." — Ed West, Chief Executive Officer, Mitek, Aug 6, 2026 ([Mitek (SEC filing)](https://www.sec.gov/Archives/edgar/data/807863/000080786326000035/mitk-20260630xexx991xq326e.htm))

> "As fraud threats evolve, organizations need real-time fraud and identity intelligence built into their risk workflows, not bolted on after the fact." — Garrett Gafke, Chief Operating Officer, Mitek, May 13, 2026 ([Mitek (Business Wire via Yahoo Finance)](https://finance.yahoo.com/news/mitek-announces-strategic-partnership-global-121500151.html))

## Who runs Mitek?

- **Ed West** — Chief Executive Officer and Director (since October 1, 2024) ([Mitek](https://www.miteksystems.com/press-releases/mitek-ceo-announcement), [Mitek Investor Relations (retrieved 2026-11-02)](https://investors.miteksystems.com/executive-team))
- **Dave Lyle** — Chief Financial Officer ([Mitek Investor Relations (retrieved 2026-11-02)](https://investors.miteksystems.com/executive-team), [U.S. Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm))
- **Garrett Gafke** — Chief Operating Officer ([Mitek Investor Relations (retrieved 2026-11-02)](https://investors.miteksystems.com/executive-team), [Mitek (Business Wire via Yahoo Finance)](https://finance.yahoo.com/news/mitek-announces-strategic-partnership-global-121500151.html))
- **Aaron Seyler** — Chief Revenue Officer (from August 17, 2026) ([Mitek (SEC filing)](https://www.sec.gov/Archives/edgar/data/807863/000080786326000035/mitk-20260630xexx991xq326e.htm), [Mitek Investor Relations (retrieved 2026-11-02)](https://investors.miteksystems.com/executive-team))
- **Jason Gray** — Chief Legal Officer ([Mitek Investor Relations (retrieved 2026-11-02)](https://investors.miteksystems.com/executive-team))

## Which rules apply to a bank using Mitek?

- [FinCEN](https://www.bankingnewsai.com/ai-regulation/fincen) — Banks use Mitek's document, selfie and liveness checks in customer identification at account opening and against the deepfake and synthetic-identity fraud FinCEN's 2024 alert describes; the CIP and BSA/AML obligations remain the bank's, not Mitek's. See [FIN-2024-Alert004 (Deepfake Media)](https://www.bankingnewsai.com/ai-regulation/documents/fincen-alert-2024-deepfake-media).
- [OCC](https://www.bankingnewsai.com/ai-regulation/occ) — Mitek often reaches banks through resellers (Fiserv, and historically NCR and FIS), so a bank relying on it for deposits and fraud scoring manages both the reseller and Mitek as third and fourth parties under OCC Bulletin 2023-17, and treats Check Fraud Defender's scores as vendor models under OCC Bulletin 2026-13. See [OCC Bulletin 2023-17](https://www.bankingnewsai.com/ai-regulation/documents/occ-bulletin-2023-17), [OCC Bulletin 2026-13](https://www.bankingnewsai.com/ai-regulation/documents/occ-bulletin-2026-13).
- [Federal Reserve](https://www.bankingnewsai.com/ai-regulation/federal-reserve) — Check Fraud Defender's neural-network scores and Mitek's liveness and deepfake classifiers decide which deposits and applicants are held or rejected, making them models a bank must inventory, validate and monitor under SR 26-2. See [SR 26-2](https://www.bankingnewsai.com/ai-regulation/documents/fed-sr-26-2).
- [EU AI Act](https://www.bankingnewsai.com/ai-regulation/eu-ai-act) — Mitek sells biometric identity verification to banks in the UK and EU; the EU AI Act excludes biometric verification whose only purpose is to confirm a person is who they claim to be from its high-risk biometrics list, but a bank must still check whether a given Mitek deployment fits that exclusion. See [Regulation (EU) 2024/1689](https://www.bankingnewsai.com/ai-regulation/documents/eu-ai-act-regulation-2024-1689).

## What the record suggests

### Pricing is not published

Mitek publishes plan structures for MiPass but no amounts; other products are sold through quotes, licences and per-transaction contracts, often bundled by a reseller.

### Named large-bank customers are mostly from 2011-2012

Chase, Bank of America, Capital One and U.S. Bank were named in 2011-2012 American Banker coverage of mobile check deposit; Mitek's current releases refer to unnamed 'top five' and 'top 25' US banks.

### Banks often buy Mitek through another vendor

Fiserv resells Check Fraud Defender, and the 2011 big-bank deals ran through NCR and FIS, so the contract, support and data flows may sit with the reseller.

### Revenue depends on a few customers

One unnamed customer provided 15% of fiscal 2025 revenue, and the 10-K says a small number of customers will continue to account for a significant share.

### Filing delays in 2023

Mitek was late with its fiscal 2023 10-Qs and 10-K, which led to a Nasdaq delisting determination in December 2023; it remains listed on Nasdaq.

### Performance figures are vendor-reported

Consortium coverage, Mobile Deposit volume and the NatWest account-opening results come from Mitek's own filings, calls and case studies.

## FAQ

### How much does Mitek cost?

Mitek does not publish prices. It earns revenue from software licences and maintenance, SaaS subscriptions and per-transaction fees, sold directly and through channel partners such as Fiserv. Its MiPass page describes a pay-per-authentication plan (enrollment fee, annual per-user fee and per-transaction fee) and an unlimited plan (enrollment and annual per-user fees), but lists no amounts and directs buyers to contact sales.

### Which banks use Mitek?

Among our 100 US banks, American Banker reported that JPMorgan Chase, Bank of America, Capital One and U.S. Bank had signed for Mitek's mobile check-imaging technology in 2011-2012. Outside the US, NatWest uses Mitek's MiVIP (formerly HooYu) for selfie-and-ID account opening. Mitek also lists Lloyds Bank and Chase among MiVIP clients, and says a top five US bank joined its Check Fraud Defender consortium in 2026 without naming it.

### Who owns Mitek?

Mitek Systems, Inc. is a public company incorporated in Delaware and listed on the Nasdaq Capital Market under the ticker MITK, with headquarters in San Diego. It has no controlling parent, and its SEC filings through October 2026 show no pending acquisition. Ed West has been CEO since October 2024.

### Is Mitek a bank?

No. Mitek is a software company that sells check-imaging, check fraud and identity verification technology to banks, credit unions, fintechs and other businesses. Banks that use Mitek remain responsible for their own deposit-risk, customer-identification and BSA/AML obligations and oversee Mitek, and any reseller in between, as a third-party vendor.

### What is Mitek Check Fraud Defender?

Check Fraud Defender is Mitek's cloud check fraud service, launched in 2021. It scores check images and behavioral data from mobile, branch, ATM and back-office channels against a consortium of financial institutions' data. Mitek says the consortium covers about 70% of US checking accounts and that a top five US bank joined it in 2026. Fiserv resells it to its own bank clients.

### How does Mitek compare with Jumio or Socure?

All three sell identity verification at account opening. Mitek also sells check products, Mobile Deposit capture and Check Fraud Defender: check verification was $25 million of its $54 million revenue in fiscal Q3 2026. Jumio and Socure focus on identity. Mitek's identity stack combines document checks with ID R&D's liveness technology and HooYu's KYC orchestration. Detection-rate comparisons between the vendors are not published independently.

## Sources (20)

1. Mitek Systems, Inc. Form 10-K for the fiscal year ended September 30, 2025 — U.S. Securities and Exchange Commission, Dec 11, 2025. https://www.sec.gov/Archives/edgar/data/807863/000162828025056520/mitk-20250930.htm
2. Mitek Systems, Inc. Form 8-K (repayment of convertible notes; Q1 fiscal 2026 results) — U.S. Securities and Exchange Commission, Feb 5, 2026. https://www.sec.gov/Archives/edgar/data/807863/000162828026005789/mitk-20260205.htm
3. Mitek Systems, Inc. Form 8-K (departure of SVP of Sales, Check Verification) — U.S. Securities and Exchange Commission, Oct 9, 2026. https://www.sec.gov/Archives/edgar/data/807863/000080786326000038/mitk-20261009.htm
4. Mitek Reports Fiscal Third Quarter Revenue of $54.0 Million, Up 18% Year-Over-Year; Raises Full-Year Outlook (Exhibit 99.1) — Mitek (SEC filing), Aug 6, 2026. https://www.sec.gov/Archives/edgar/data/807863/000080786326000035/mitk-20260630xexx991xq326e.htm
5. Mitek Systems Inc (MITK) (Q3 2026) Earnings Call Highlights: Record SaaS Revenue and Check Fraud Defender Momentum Drive 18% Growth — GuruFocus via Yahoo Finance, Aug 7, 2026. https://finance.yahoo.com/news/mitek-systems-inc-mitk-q3-050554552.html
6. Mitek Reports Record Fiscal 2025 Revenue — Mitek, Dec 11, 2025. https://www.miteksystems.com/press-releases/mitek-reports-record-fiscal-2025-revenue
7. About Mitek (company history) — Mitek (retrieved 2026-11-02), Nov 2, 2026. https://www.miteksystems.com/about
8. Executive Team — Mitek Investor Relations (retrieved 2026-11-02), Nov 2, 2026. https://investors.miteksystems.com/executive-team
9. Identity Verification Solutions: client success studies — Mitek (retrieved 2026-11-02), Nov 2, 2026. https://www.miteksystems.com/idv-case-studies
10. MiVIP case study: NatWest — Mitek, Nov 30, 2022. https://www.miteksystems.com/files/docs/MiVIP%20-%20NatWest%20Case%20Study%20.pdf
11. Simple, highly-secure authentication for any business need (MiPass plans) — Mitek (retrieved 2026-11-02), Nov 2, 2026. https://www.miteksystems.com/products/biometric-authentication/plans
12. Mitek acquires ID R&D to lead fight against biometric identity fraud — Mitek, Jun 1, 2021. https://www.miteksystems.com/press-releases/mitek-acquires-idrnd
13. Mitek acquires UK-based HooYu in all cash GBP 98 million deal — Mitek, Mar 23, 2022. https://www.miteksystems.com/press-releases/mitek-acquires-uk-based-hooyu-in-all-cash-gbp-98-million-deal
14. Mitek Announces Receipt of Notice from Nasdaq (Exhibit 99.1) — Mitek (SEC filing), Dec 18, 2023. https://www.sec.gov/Archives/edgar/data/807863/000080786323000166/mitk-20231218xex991xpressr.htm
15. Mitek Appoints Edward H. West as CEO — Mitek, Oct 1, 2024. https://www.miteksystems.com/press-releases/mitek-ceo-announcement
16. Mitek Announces Strategic Partnership with Global Analytics Software Leader FICO to Strengthen Enterprise Fraud Defenses — Mitek (Business Wire via Yahoo Finance), May 13, 2026. https://finance.yahoo.com/news/mitek-announces-strategic-partnership-global-121500151.html
17. Mitek Takes All Top 3 Image Category Spots in Prestigious Independent Face Liveness Detection Competition — Mitek (Business Wire via Yahoo Finance), Sep 2, 2026. https://finance.yahoo.com/technology/ai/articles/mitek-takes-top-3-image-201500022.html
18. Mitek Gets Revenue Lift and More from Partnership with Chase — American Banker, Feb 15, 2011. https://www.americanbanker.com/news/mitek-gets-revenue-lift-and-more-from-partnership-with-chase
19. Mitek Big-Bank Lineup Adds B of A and Capital One with an Assist from NCR — American Banker, May 9, 2011. https://www.americanbanker.com/news/mitek-big-bank-lineup-adds-b-of-a-and-capital-one-with-an-assist-from-ncr
20. U.S. Bank to Launch Mitek's Mobile Photo Bill Payment — American Banker, Dec 5, 2012. https://www.americanbanker.com/news/us-bank-to-launch-miteks-mobile-photo-bill-payment

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