10 AI News and Ratings Making Waves on Wall Street

7. Mitek Systems, Inc. (NASDAQ:MITK)

Number of Hedge Fund Holders: 19

Mitek Systems, Inc. (NASDAQ:MITK) provides mobile image capture and identity verification solutions, including check deposit, fraud detection, and biometric authentication services.

On February 18, The Mitek Systems company, ID R&D, displayed its AI-powered IDLive Face technology in the U.S. Department of Homeland Security’s evaluation of remote identity verification systems. Among 21 tested solutions, IDLive Face was one of two passive liveness systems that blocked 100% of impostors and had the fastest transaction time at one second. It achieved zero error in fraud detection and showed no bias across age, race, or gender. The system is already used by over 150 partners globally to provide secure and seamless identity verification without disrupting user experience.