Mitek patented a service for voice-based device unlocking
On Friday, 24 May 2024, Mitek Systems, Inc., a solutions provider for digital user identification, announced the receipt of a patent to protect its voice authentication service. Although generative artificial intelligence (AI) has posed a serious threat to this sector, Mitek Systems intends to capitalise on the widespread business interest in biometrics implementation.
Mitek Systems' patented technology is a sophisticated application of neural networks. It meticulously compares a voice to a reference sample, enabling it to detect and block any attempts at voice forgery. As described by ID R&D President Alexey Khitrov, this innovative approach to voice authentication maintains the simplicity of voice-based access and ensures its security, making it a potential game-changer in biometrics.
Now, based on technical analysis, let's delve into potential trading opportunities for Mitek Systems, Inc. (NASDAQ: MITK).
On the D1 timeframe, resistance formed at 16.25 USD with support at 11.90 USD. There is no clearly defined trend: quotes move within the channel. In the event of a downtrend, the target could reach 9.20 USD.
Conversely, if an uptrend begins, the short-term target may become 19.20 USD upon rebound from the support level of 11.90 USD. In the medium term, the price could escalate to 23.40 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Mitek Systems' patented technology is a sophisticated application of neural networks. It meticulously compares a voice to a reference sample, enabling it to detect and block any attempts at voice forgery. As described by ID R&D President Alexey Khitrov, this innovative approach to voice authentication maintains the simplicity of voice-based access and ensures its security, making it a potential game-changer in biometrics.
Now, based on technical analysis, let's delve into potential trading opportunities for Mitek Systems, Inc. (NASDAQ: MITK).
On the D1 timeframe, resistance formed at 16.25 USD with support at 11.90 USD. There is no clearly defined trend: quotes move within the channel. In the event of a downtrend, the target could reach 9.20 USD.
Conversely, if an uptrend begins, the short-term target may become 19.20 USD upon rebound from the support level of 11.90 USD. In the medium term, the price could escalate to 23.40 USD.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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