Mitek SystemsNASDAQ: MITK

Mitek Systems (MITK) strengthens its collaboration with Alogent to empower financial institutions with a robust defense against check fraud.

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity and fraud prevention, announces the expansion of their partnership with Alogent. Alogent will integrate Mitek's Check Fraud Defender (CFD) into its web-based enterprise deposits automation solution, Unify. According to the annual Federal Reserve Financial Services Survey, in the United States, forms of check fraud including forgery and counterfeiting account for 31% of all bank fraud. In fact, in.

Hope for business is not coming through or getting delayed as much as 18 months, causing a revenue shortfall. There might be some pick-up coming in thanks to a deepfake protection product that is coming to market imminently. Another positive is that considerable outstanding dilution from convertibles with a conversion price of over $20 likely doesn't get exercised before the 2026 expiry.

Mitek Systems (MITK) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.20 per share a year ago.

SAN DIEGO--(BUSINESS WIRE)-- #AIinnovation--Mitek Systems, Inc. (NASDAQ: MITK) has been named winner of the Authentication Innovation Award in the seventh annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global artificial intelligence (AI) market. Mitek's MiPass® represents a significant advancement in biometric authentication technology. Using a unique combination of face and voice.

SAN DIEGO--(BUSINESS WIRE)-- #AIFinTech100--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity and digital fraud prevention announced today its inclusion in the 2024 AIFinTech100. The list, published by FinTech Global, recognizes the world's most innovative AI solution providers for financial services. Finalists were chosen by a panel of industry experts and analysts based on FinTech Global's research of over 2,000 FinTech companies. The solution providers making the list are recognized fo.

Mitek Systems (MITK) reports a 2% increase in revenue in the second quarter of fiscal 2024, driven by strong performance in its product lineup.

Mitek Systems, Inc. (NASDAQ: MITK) Q2 2024 Earnings Conference Call will be held on May 14, 2024 at 5:00 PM ET. The call will feature company representatives Todd Kehrli, Scott Carter, Max Carnecchia, and Dave Lyle, along with conference call participants Mike Grondahl, Jake Roberge, Surinder Thind, Derek Greenberg, and Scott Buck. The operator will facilitate the call, and all participants will be in listen-only mode. Welcome to the Mitek Fiscal 2024 Second Quarter Earnings Conference Call.

According to the FBI and IMF, the worldwide cost of cybercrimes reached $8.44 trillion in 2022, and is projected to rise to $23.84 trillion by 2027.