The combination of Miteks Mobile Photo Account Opening solution and Experians fraud prevention and authentication services will help organizations streamline the account opening process giving them the ability to take a giant leap toward monetizing the mobile channel.
Miteks Mobile Photo Account Opening reduces the friction in the account opening process by eliminating the manual data entry on a mobile device. Consumers capture pictures of the front and the back of their drivers license and the validated data is automatically populated into the account opening application. Mobile Photo Account Opening integrates with Experians fraud detection and prevention platform which offers resources that enable Experian clients to outpace criminals by detecting, avoiding, and managing fraud activity.
Similar to Mobile Deposit, Mobile Photo Bill Pay and Mobile Photo Balance Transfer, Mobile Photo Account Opening leverages Mitek MiSnap touch-free capture technology which automates the image capture process.
Experian allows businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also provides individuals with the ability to check their credit report and credit score and protect against identity theft.
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