This has certainly been a frustrating ride, it sure seems like they have a product that fits a need. Can they monetize it, and how fast to ramp?
http://www.pymnts.com/news/security-and-risk/2016/securing-4…
The 92 percent, said Clark, refers to a result seen working with a payment processor needing verification, who switched to Mitek to verify documents in real time. The process that had been previously in place resulted in a decline of six out of 10 users. Simply put, that payments processor’s systems had not covered demographics well.
“Oftentimes,” explained Clark, these mobile-savvy users “are younger users, such as millennials” or underbanked. An optimal solution must be inclusive, and most users do indeed have identity documents. Now, that same processor is able to say “yes” to more than nine of 10 users in seconds or minutes.