Mitek Systems, Inc., a leader in digital identity verification solutions, announced that it has acquired A2iA, a leader in artificial intelligence (AI) and image analysis. The deal is for €42.5 million in cash and shares of Mitek's common stock. Mitek software is used in 6,100 U.S. banks, including all of the top 10 largest U.S. financial institutions. "The acquisition of A2iA combines two market leaders in image recognition and processing, creating a powerful force with a deep expertise in image analytics," industry expert Bob Meara, senior analyst at Celent said in a press release. A2iA uses AI and machine learning to create proprietary algorithms that process millions of checks, IDs and documents each day for banks, retailers, insurance companies, mobile operators, healthcare providers and governments in more than 42 countries and 11 languages.