Mitek, Backbase Collaborating For Frictionless Onboarding Processes

Banks are about to improve and deliver a fast and frictionless on-boarding processes. That’s according to Mitek and Backbase, which are collaborating on the technology advancement.

Mitek is an international leader in mobile capture and identity verification software solutions, while Backbase leads in omni-channel digital banking solutions. Their partnership is set to create Mitek’s OCR and document validation abilities via the Backbase Open Banking Marketplace.

The first bank to jump aboard the new technology is AmBank. As one of Malaysia’s premier financial services providers, AmBank is connected to more than six million individual and corporate customers

“AmBank is just one example of how financial institutions can benefit from optimizing the digital experience with Mitek’s innovative and industry leading technologies,” said Sarah Clark, general manager, Identity Solutions, Mitek.

Combining the Backbase Open Banking Marketplace with OCR and document validation capabilities, this allows for the integration to banks to be easily available for existing and new Backbase clients.

“Our omnichannel banking platform enables banks to easily plug-in best of breed FinTech capabilities,” says Jouk Pleiter, CEO and co-founder of Backbase. “Together with partners like Mitek, we empower banks to accelerate their digital transformation with fast and intuitive on-boarding processes.”