Mitek Systems completed the acquisition of HooYu for $130m.

Mitek Systems, a provider of digital identity verification and fraud prevention, completed the acquisition of HooYu, a global customer onboarding platform, for $130m. "Our current geopolitical, commercial and technological environment represents a perfect storm for bad actors. Mitek is leading the fight against fraud by providing the technology that businesses need to stamp out digital money launderers and sanctioned individuals. The only way to combat this scourge is to use artificial intelligence and stop bad transactions before they happen," Max Carnecchia, Mitek Systems CEO.