Mitek introduces Check Fraud Defender, an artificial intelligence-powered, cloud-hosted consortium for financial institutions to counteract check fraud. The service analyzes checks deposited from all channels ‘ mobile, in-branch and ATMs. One of the largest U.S. banks has already experienced up to a 90% savings in manual review time following its initial deployment. The leading check fraud categories were counterfeit checks, forged signatures, and return deposited items. The top 25 US financial institutions have already licensed Check Fraud Defender.
Source: https://www.helpnetsecurity.com/2021/07/01/mitek-check-fraud-defender/