I just started engaging with a great company - Memento Inc, an emerging company that delivers proactive risk, fraud, and compliance solutions to the financial services industry. Memento Security is an innovative platform for monitoring, detecting, and investigating fraud and inappropriate activities by a wide range of fraudsters, from trusted insiders to criminal outsiders.
Used by some of the world's largest and most influential financial institutions, Memento's patent-pending technology is business focused, easy to use, and quick to implement. A top five North American bank recently uncovered a complex fraud scheme using Memento Security, preventing more than one million dollars in potential fraud losses. By detecting inappropriate activities early and precisely, Memento gives enterprises the information they need to mitigate risk, protect revenue, and prevent loss.
Key Features of Memento Security
- Innovative data management: Based on the latest Internet search engine technology, Memento Security’s next-generation data management framework enables aggregation, indexing and analysis of higher data volumes and more complex data sources than any other available product.
- Multi-faceted fraud analytics: Memento Security’s robust fraud scenario catalog and advanced analytic engine enable financial institutions to monitor and investigate the most elusive and sophisticated fraud and compliance schemes. Its closed-loop alert, investigation, and pattern-tuning framework continually improve system performance and accuracy.
- Collaborative case management: Memento Security’s flexible case management system enables financial institutions to intelligently group and prioritize alerts to match their needs. Banks can deploy customized workflows and graphical interfaces to best fit their objectives and business processes.
Leveraging Microsoft Technologies
Microsoft technologies form the sole development and deployment platform for Memento. Memento is solving a very large problem for banks in terms of hard dollar savings and is required to process hundreds of millions of transactions a day which make it a terrific showcase for the scalability of Microsoft's technologies.
Memento utilizes the following Microsoft products for product development:
Windows Server, Microsoft Visual Studio, SQL Server, MS Office SharePoint Designer, SharePoint, .NET 3.0, Dundas charts, MSXML, Product is coded in C#, Forms.NET, ASP.Net
Memento customers utilize the following Microsoft products:
Windows Servers, Sharepoint, IIS, SQL Server, Windows Client, Internet Explorer
Company Facts
- Location: Concord, MA
- Stage: Growth-Equity stage, customer penetration
- Funding: Bain Capital, RockMaple Ventures, .406 Ventures, Private Investors
- Management: BC Krishna, CEO; Mike Williams, VP of Product Marketing; James Glover, VP of Sales; Maria Loughlin, VP of Engineering
