We Take A Fundamentally Different (and Better) Approach
Like any fraud detection and compliance management solution, Memento Security combines three core capabilities — data management, fraud analytics, and case management. But we take a fundamentally different approach to each:
Innovative Data Management: Indexing your data for greater efficiency
Traditional fraud-detection solutions tend to start by building a data warehouse — an expensive, rigid approach that leads to higher expenses and greater complexity. Not Memento. We take a unique, innovative approach to data management that is simpler, more efficient, and more accurate.
Memento Security indexes your transaction data (similar to the way that search engines index the Internet), creating a highly efficient event cache. Our flexible, efficient approach lets you add new data sources quickly without costly schema modification. It lets you perform sophisticated analytics. And it lets you implement your solution — and get value from it — faster and easier.
Multi-Faceted Fraud Analytics: Tapping the flexibility of scenarios
Most solutions vendors offer only “out of the box” analytics that detect common, known fraud scenarios. We leverage the rich cache of data — transactions, reference data, and more — and apply the world’s most extensive catalog of more than 350+ fraud scenarios that help you proactively monitor and detect known trouble areas. And we make it easy for your business users to implement their own scenarios, without help from IT.
Our unique analytic approach uncovers extremely accurate, real-time alerts and cases for disposition. It helps you detect patterns of potential fraud and abuse that you were unaware of in the past. And it establishes an intelligent system that learns and evolves over time, detecting more fraud.
Collaborative Case Management: Aiding the investigative process
For many solutions, case management is an afterthought, disconnected from your business processes. But in the end, your bank needs to act on the alerts in real-time and bring them to a successful conclusion. Memento Security helps you aggregate, assign, and manage alerts. We enable effective, collaborative investigations that get results, including prosecutions, return of stolen funds, and more.
We recognize that fraud investigations have different demands, investigative strategies, and workflows. We help you establish a customizable workflow that lets you respond to the unique demands of different types of cases. And we help case managers, investigators, and others resolve more cases, more efficiently.