Abrigo announced a strategic partnership with Mitek. This partnership is a first step toward providing community financial institutions with the tools they need to combat financial crimes like check fraud. Check fraud is one of the most prevalent and costly forms of fraud affecting financial institutions.

According to FinCEN, check fraud SAR filings increased 94% over 2021, exceeding 680,000 in 2022. As fraudsters use increasingly sophisticated methods to create counterfeit checks, alter legitimate checks, or forge signatures, financial institutions need reliable tools to detect and prevent fraudulent transactions. Mitek's Check Fraud Defender uses patented imaging science, machine learning, and artificial intelligence to analyze checks from all channels to reduce losses related to check fraud.

The Abrigo and Mitek partnership will give the way for product integration, enabling a wider range of financial institutions to leverage Mitek's advanced fraud prevention solutions. General availability will be announced in early 2024.