~Integration brings Mitek’s consortium-powered check image intelligence into Tyfone’s nFinia® Digital Banking platform for real-time fraud detection~

Tyfone, a leading provider of digital banking solutions for community financial institutions (CFIs), today announced an expansion of its fraud protection capabilities with the integration of check image consortium technology from Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention.

Through this integration, Tyfone’s nFinia Digital Banking platform now provides CFIs with access to real-time check fraud detection, enabling faster decisioning, reduced fraud losses, and improved operational efficiency – all within a single digital banking experience.

Mitek’s Check Fraud Defender® leverages patented imaging science, machine learning, and artificial intelligence to analyze check images across channels and identify potentially fraudulent activity. The solution also incorporates a consortium-based approach, allowing participating institutions to proactively flag suspicious checks tied to known fraud patterns, helping CFIs stay ahead of emerging threats.

Siva Narendra, CEO of Tyfone, said, “Fraudsters are evolving their tactics and leveraging sophisticated methods such as AI that make it more challenging when examining check images individually in isolation. There is an urgent need for more robust detection capabilities and real-time verification. We are proud to partner with Mitek to provide our customers access to an advanced check fraud detection solution that safeguards their operations, while maintaining the seamless and easy to navigate, user-friendly experience to which they are accustomed.”

“Fraud continues to evolve across channels, and financial institutions need smarter, more connected ways to assess risk and protect trust,” said Kerry Cantley, VP Of Digital Banking Strategy at Mitek Systems. “By integrating fraud detection capabilities into Tyfone’s digital banking platform, institutions gain greater visibility and faster decisioning to help prevent losses and deliver more secure digital experiences.”

Tyfone’s nFinia Digital Banking platform delivers an intuitive, AI-powered banking experience, including smarter tools, instant payments and secure transactions. The platform's configurable, open, API-driven infrastructure enables CFIs to easily integrate with third-party applications, providing account holders access to financial wellness tools and advanced features all within one app.

About Tyfone Inc.

Based in Portland, Ore., Tyfone is a leading provider of consumer and commercial digital banking services for community financial institutions throughout the U.S. We understand that an elegant, engaging, intuitive user experience is the minimum requirement for any digital banking provider. What differentiates Tyfone is our unwavering commitment to continuous innovation, exceptional collaboration, and superior execution. We consider each customer a true partner and place the highest value on every relationship. To learn more about Tyfone, visit Tyfone.com and connect on LinkedIn.

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Tyfone expands its nFinia® Digital Banking platform's Check Fraud Protection Capabilities with Mitek Systems’ Check Fraud Defender