Mitek's Mobile Photo Account Opening(TM) Wins Best of Show at Finovate Fall 2013

Mitek's Mobile Photo Account Opening(TM) Wins Best of Show at Finovate Fall
2013

Finovate Attendees Select Mobile Photo Account Opening for Best Innovation in
Financial & Banking Technology

SAN DIEGO, Sept. 12, 2013 (GLOBE NEWSWIRE) -- Mitek (Nasdaq:MITK)
(www.miteksystems.com), the company that created the category of mobile
imaging for financial transactions has been awarded "Best of Show" at Finovate
Fall 2013. Mobile Photo Account Opening, the latest innovation from the Mitek
labs, enables financial institutions (FIs) to increase completion rates for
opening and funding new accounts. The solution reduces friction in the
account opening process for checking, savings, credit card, and other products
by using the camera as a keyboard.

Out of nearly 70 company demos on innovative technologies for the financial
and banking industries, Mitek's Mobile Photo Account Opening was chosen for
"best demo" and "most potential impact" by attendees.

"This honor validates Mitek's view that Mobile Photo Account Opening is a
transformational technology for customer acquisition," said Mitek President &
CEO, James DeBello. "With Mobile Photo Account Opening, financial institutions
can now respond to consumer expectation of a seamless experience anytime they
use their mobile devices. The Mitek labs continue to work with clients to
apply our science anywhere we see friction, as we did by inventing mobile
deposit."

Mobile Photo Account Opening was demonstrated as an employee-assisted account
opening solution at Finovate. With this award-winning technology, financial
institutions have a powerful tool for getting employees out from behind a desk
and streamlining account opening in the branch and in the community on a
tablet – making account opening a faster, more friendly and engaging
process.Mobile Photo Account Opening is also available for mobile
self-service.

Like Mobile Deposit, Mobile Photo Bill Pay®, and Mobile Photo Balance
Transfer™, Mobile Photo Account Opening leverages Mitek's MiSnap™ touch-free
capture technology which automates the image capture process – eliminating
user-error and decreasing transaction processing time. 

As with all Mitek solutions, Mobile Photo Account Opening will be available
on-premise and in a hosted environment. Those interested in becoming an early
adopter can send an email to sales@miteksystems.com.

About Mitek

Headquartered in San Diego, CA., Mitek (Nasdaq:MITK) is a mobile imaging
software solutions provider that allows users to remotely deposit checks, pay
their bills, open accounts, get insurance quotes, and transfer credit card
balances by snapping pictures with their camera-equipped smartphones and
tablets instead of using the device keyboard. Mitek's technology increases
convenience for the consumer by eliminating the need to go to the bank branch
or automated teller machine, and dramatically reduces processing and customer
acquisition costs while increasing customer retention. With a strong patent
portfolio, Mitek is positioned as the leading innovator in mobile imaging
software and currently provides its solutions to Fortune 500 financial
services companies. For more information about Mitek, please visit
http://www.miteksystems.com. MITK-G

Connect with us on Facebook: http://www.facebook.com/MitekSystems

Follow us on Twitter: @miteksystems

See us on YouTube: http://www.youtube.com/miteksystems

Read our latest blog post: http://www.miteksystems.com/blog

CONTACT: Mitek Contacts:
        
         Ann Reichert
         Director of Marketing
         pr@miteksystems.com
        
         Katherine Verducci
         MIX Public Relations
         pr@mix-pr.com

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