Viewpointe and Mitek announce partnership to strengthen check fraud detection

Core Insights - A new partnership between Viewpointe and Mitek Systems aims to combat rising check fraud in the banking industry [1][3] - Check fraud has surged by 385% since 2020, with projected losses reaching $24 billion by the end of this year [2] Company Overview - Viewpointe specializes in managed content and data services for highly regulated enterprises, particularly in the financial sector [5] - Mitek is a leader in digital access and identity verification technologies, trusted by 99% of U.S. banks for mobile check deposits [6] Partnership Details - The partnership will enhance fraud detection capabilities for mutual customers, allowing for quicker integration and response to check fraud [2][4] - Mitek's Check Fraud Defender utilizes advanced technologies such as machine learning and artificial intelligence to analyze data and reduce fraud losses [3][4] Industry Impact - This collaboration is positioned to set new standards in fraud prevention across financial institutions, addressing the escalating threats of check fraud [3][4] - The initiative reflects a proactive approach to safeguarding financial transactions and consumer safety in the digital banking landscape [3][4]