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Flexi-Fi to use cutting-edge Mitek technology to fast-track credit applications

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Mitek’s digital identity verification allows Flexi-Fi to streamline the online credit application process, secure customer profiles and ensure data privacy

Dublin and London – July 2, 2019 – Flexi-Fi, Ireland’s premier retail payments provider, is delighted to announce their new partnership with Mitek (NASDAQ: MITK), a global leader in mobile capture and digital identity verification software solutions.

Flexi-Fi will use Mitek’s Mobile Verify® as part of its customer application process to make access to funding more secure, faster and affordable for its customers – whatever their needs may be.

For more than 10 years, Flexi-Fi products have positively impacted the lives of its customers, who often borrow to pay for professional degrees, dental treatments or to renovate their homes.

Mobile Verify’s ability to prove the authenticity of a user’s ID document is helping the Flexi-Fi credit assessment team make decisions in seconds and with more confidence thereby lowering the risk of re-payment default. This is expected to result in an increase in daily applications which is welcome news to retailers. The technology will also keep Flexi-Fi’s partners – including Harvey Norman, Homebase and Compu b in compliance and ensure data privacy.

PJ Byrne, CEO at Flexi-Fi, said: “The integration of Mitek’s Mobile Verify® functionality into our application process has dramatically improved customer experience and has resulted in quicker application processing times which will be welcome news to retailers and customers alike.”

“Mitek also saves us time and resources as our credit assessment team is able to make more accurate decisions in real time. The team can trust the technology to verify the ID document online and therefore focus their time on the merits of a credit application.”

Rene Hendrikse, EMEA MD at Mitek said, “Applying for credit can be lengthy and intimidating. When you need a loan that would help dramatically improve your life in a sustainable and positive way, the last thing you need is a long wait, or to feel like you’re being judged. Flexi-Fi’s investment in identity verification technology eliminates this fear – by automating the verification process it speeds decision-making and ensures security and confidentiality. Overall, it takes the many inconveniences of the traditional credit application process out of the equation.”

Flexi-Fi offers a simple way to pay for purchases with multiple retailers. Mitek’s technology helps protect Flexi-Fi’s customers from identity fraud losses and fight against account takeovers, all while dramatically improving the customer journey.

-ENDS-

About Flexi-Fi
Flexi-Fi is a retail instalment payment plan facility, an easy alternative to paying with cash or credit card for your goods. Whether it’s a new couch, bicycle, dining table, hot tub, kitchen, motorcycle or TV, Flexi-Fi is there to make finance simple! Flexi-Fi allows you to buy now and pay later using your Flexi-Fi approval.

To apply for Flexi-Fi, all you need is a valid email address, your mobile phone number and meet the following minimum criteria:

  • Provide proof of PPS number & Address
  • Be at least 18 years of age
  • Be an Irish citizen or permanent resident of Ireland
  • Earn a minimum taxable income of €21,000 per year
  • Have a current credit / debit card and a Photo ID
  • Have a good credit history

About Mitek
Mitek (NASDAQ: MITK) is a global leader in mobile capture and digital identity verification solutions built on the latest advancements in AI and machine learning. Mitek’s identity verification solutions enable an enterprise to verify a user’s identity during a digital transaction, which assists financial institutions, payments companies and other businesses operating in highly regulated markets in mitigating financial risk and meeting regulatory requirements while increasing revenue from digital channels. Mitek also reduces the friction in the users’ experience with advanced data prefill and automation of the onboarding process. Mitek’s innovative solutions are embedded into the apps of more than 6,400 organisations and used by more than 80 million consumers for mobile check deposit, new account opening and more. Learn more at www.miteksystems.com.

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