Mitek Systems has advanced its unassisted video verification capabilities for the Spanish market to combat increasing AI-based identity fraud risks. This set of measures makes digital onboarding for regulated entities in Spain SEPBLAC-compliant.
Enhanced Verification for Spanish Onboarding
Mitek has invested heavily in the development of unassisted video verification tools to match the evolving behavior of fraudsters along digital channels. The solution assists financial institutions and regulated organizations in verifying identities without requiring any manual intervention. Its protections also cover deep fakes, screen replays, cyber manipulations, and synthetic identities.
This is an upgrade as fraud attacks are increasingly targeting onboarding, which is the most accessible target. Fraud Threat Growth and Market Context The national figures showed 89% of Spanish businesses had experienced more fraud attempts in the last year. Identity fraud remains the top driver of corporate losses in Spain. These trends reflect the rapid escalation of AI-enabled fraud tactics globally.
Company Statement on Verification Evolution
Mitek included a direct statement from its leadership explaining the upgrade motivation:
“The threat landscape has fundamentally changed, and verification systems must evolve at the same speed,” said Marc Sabadí, Innovation Lead & Sales Manager at Mitek Systems. “We’re enhancing unassisted video verification for one reason: to give institutions stronger protection while keeping onboarding compliant for our customers and the experience fast and seamless for legitimate customers.”
Strategic Emphasis: Security and Compliance
Improvements like these reflect Mitek’s ongoing investments in adaptive, intelligence-driven identity verification. As fraud becomes increasingly automated and scalable, Mitek software helps organizations keep pace and continue to offer frictionless onboarding. They also help customers stay ahead of AI-driven threats with no compromise on compliance or customer experience.
For related updates on digital trust and cybersecurity, explore our SOC News.
Source: Businesswire
