Short for financial technology, “Fintech” is an innovative industry composed of companies that use technology and software to make financial services more efficient.
According to Accenture, global investment in financial technology increased more than 12-fold from $930 million in 2008 to more than $12 billion in 2014.
On June 19, in a popular article titled “Bank of America Closed 900 Locations Due to This Technology“, we highlighted Mitek Systems (MITK, NASDAQ) as an emerging superstar and pure play on financial technology.
Since then MITK has appreciated by 15%.
We are bringing it to your attention again today because new subscribers may have missed the story and some who read it may have under-appreciated how valuable Mitek’s technology is (and how intertwined it’s becoming with mobile commerce).
Click here to quickly become a BMR subscriber and read the rest of this update on Mitek including an exclusive BMR chart that shows how high this stock may climb over the short-to-medium term, or login with your username and password…
