John M. Thornton

Executive Summary

Career Timeline

Verified company milestones linked to this executive’s organization.

1. 1986 Company founded

   Mitek Systems was founded in 1986 per the company profile source on file.

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2. 1986 Development

   1986: Mitek Systems is founded in San Diego, focused on image analytics and optical character recognition for financial documents; John M. Thornton, a director since March 1986, becomes chairman in October 1987 and is later described in company securities filings as one of Mitek's founders.

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3. 1989 Development

   1989: Mitek goes public on NASDAQ under the ticker MITK.

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4. 2008 Product

   2008: Mitek launches Mobile Deposit, the first mobile app allowing consumers to deposit checks by photographing them.

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5. 2015 Acquisition

   2015u20132018: Mitek acquires IDchecker (identity verification via document-and-selfie matching), ICAR (machine-learning ID authentication), and A2iA (OCR and handwriting recognition), extending beyond check imaging into broader identity verification.

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6. 2018 Development

   2018: Mitek surpasses 2 billion checks processed via Mobile Deposit, representing $1.5 trillion in value.

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7. 2021 Development

   2021: Mitek introduces Check Fraud Defender, described by the company as the first AI-powered, cloud-hosted model aimed specifically at check fraud.

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