Mitek rallies after announcing partnership with Experian

|About: Mitek Systems Inc. (MITK)|By:, SA News Editor

Mitek (MITK +3.7%) and Experian (EXPGF.PK, EXPGY.PK - a top financial information/credit data provider) are partnering to offer a solution that eliminates manual data entry for consumers looking to set up bank accounts using mobile devices. (PR)

The solution combines Mitek's Mobile Photo Account Opening product with Experian's fraud prevention/authentication services. Consumers can upload front/back pictures of their driver's licenses taken with a phone's camera to provide banks with needed info, in lieu of typing the info using a phone's keyboard.

Though below its June highs, Mitek is up 67% YTD following a rough 2012. 24.4% of the float was shorted as of Sep. 13.