Avoka, a provider of digital customer acquisition services for financial companies, and Mitek, a producer of mobile capture and identity verification software have partnered in a deal sees Mitek’s suite fully integrated into Avoka’s Transact product.
The combined effort, which includes Mobile Fill, Mobile Verify and Mobile Docs falls under one software license. The companies believe the strategy will reduce application abandonment while helping customers adhere to KYC and AML rules.
“We can now deliver a completely digital customer experience that includes identity verification without a branch visit, and that meets specific compliance requirements for North American and European markets – all through a single software solution,” Avoka CMO Don Bengal said.
“It’s our mission to help global banks deliver an outstanding customer acquisition experience while ensuring that our clients are one step ahead when it comes to AML/KYC and fraud detection.”
“Adding our identity verification solutions to Avoka Transact will enable banks to offer a fully digital, compliant, real-time account opening experience,” Mitek produce SVP Sarah Clark said. “The combination helps banks get to market quickly with a user experience that appeals to millennials and other growth markets.”