Operator: The next question is from Jake Roberge with William Blair. Please go ahead.
Jake Roberge: Hey, thanks for taking my questions. Max, could you just talk about how the macro is impacting each of your business units more specifically? From your comments, it seems like ID verification may be impacted a little bit more than Mobile Deposit, but we would love to hear kind of the puts and takes that you’re seeing in each business as it relates to the macro.
Max Carnecchia: Yes, I don’t think in the timeline that we’re talking about here FY 2022 and September any quarter, there’s probably not a lot to talk about from a macro impact, a little bit on the identity. We had a very relative to our competitors in the identity space, we have very little exposure to crypto and it was at June of 2022, July and then kind of a crypto went through that follows from there. We had a handful of crypto customers who watch them retrace pretty hard, but nothing more kind of pointing out. Since then we get into the queue definitely the law has changed and in some regards we just started off check for our defender and all the things that are happening with Check Fraud. I think that’s been a positive on our deposits business. On the identity business if you’re interest sensitive business like mortgage refinancing or blocks and things like that, we seem to be tough on those businesses. So more to come as we drop those skews, Jake.
Jake Roberge: Okay, helpful. And then, just wanted to touch on Generative AI. It seems to me like there could be some secular tailwinds around AI and how that could impact the fraud and identity universe. But would love to get your thoughts on that. And then how you could plan to integrate the technology in your core platform?
Todd Kehrli: Sure. So much inconsistency still on Gen-AI. I want to be — I won’t be mindful that I don’t know that I have a lot to add. We’re generally is clearly going to be transformative. In our business we see us through two lenses. The first is what we will be able to do using the technology. I mean, we’ve got very long and robust history with machine learning and AI. So this is just built on top of a very deep base of that knowledge and experience our engineers and scientists have. So our ability to use that in model building, model testing, and that’s already underway. I mean, you see it with our biometrics teams. We’re seeing the core identity teams around documents, the basis of voices. So in that regard, I think there’s some very interesting things for us to increase velocity of development, new ideas that could be tested much more cheaply or much more quickly.
That’s for us internally and things that then result in customer-facing offerings. I think the bigger challenge, just generally, not just for banks, but for anybody out there, right? These same tools can be used as weapons and we anticipate we’re already seeing the deep fakes and the kind of things that could happen owing to the faces and every other images and videos all stuff that you’re seeing every day that can be applied towards trying to create identity fraud with banks with other finance financial institutions. So I think it just puts a bigger focus and more meaning on having the right defenses and partnering with the right organization like Mitek.
Jake Roberge: Yeah, agreed. Very, very helpful and that interesting opportunity as we move forward. And then if I could just sneak one more in. I understand you’ve been working a lot with your consultants and auditors, but what is your dialog with the NASDAQ looks like throughout the process and what type of feedback have they’ve been providing you on regaining compliance just over the past few weeks since we passed over that June 12 timeline?
