Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

Regulatory Compliance

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Compliance Remains a Costly, Inefficient Process

Regulations are always evolving, and more stringent regulations are always on the horizon. Examiners are increasingly advising banks and credit unions to upgrade their compliance programs, especially those based on manual processes or outdated technology. And concerns about reputational risk and fines are constant. These central truths make regulatory compliance an ever-shifting challenge. You need to stay compliant with the latest regulations — and make compliance part of your ongoing business processes.

Memento helps you establish effective compliance programs that address the latest regulatory requirements, such as AML/BSA monitoring and reporting, Red Flags/FACTA and more. Our Compliance Solutions help your compliance team detect, investigate and report on a wide variety of suspicious and non-compliance activity. And Memento Compliance solutions are flexible, enabling you to stay compliant with regulations even as they change.

Find out more about how Memento helps you address:

No Compromise AML

There is significant overlap between the functional requirements of fraud management and regulatory compliance solutions. Both issues require efficient data management, alert notification, reporting and some level of investigative capabilities. Consequently, many solution providers with roots in compliance monitoring now offer products designed to find and prevent fraud. The challenge with this convergence is that fraud schemes are, by definitition, evolutionary in nature and detection requires highly specialized analytics and expert technique.

 
Memento has developed its compliance offerings atop the industry leading enterprise fraud management platform. By applying advanced Bayesian detection methods and robust statistical learning models to both fraud AND compliance, Memento offers a unique combination of solutions without compromise.

Webinar: Best Practices for Preventing New Account Fraud

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Join two industry experts as they discuss this problem and explore a new approach to this urgent threat.

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WHY MEMENTO?

Trusted by a range of customers – from the world's largest, most influential financial institutions, to community banks and credit unions – Memento solutions offer unequalled flexibility, accuracy, and value.

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Proposed FFIEC Changes Mean Improved Prevention

posted March 02, 2011 by Tim Brady
David Hood

Customer catches fraud more often than not

posted January 11, 2011 by David Hood