News

March 25, 2009

The Inside Threat in Bank Fraud
"Infiltration of banks by fraud rings is on the rise, posing the potential for higher losses for both institutions and customers, according to Shirley Inscoe, director of financial services solutions at Concord, Mass.-based Memento, Inc." Read the full story in BAI Banking Strategies.

March 6, 2009

Fraud Detection Firm Memento Grows in Tight Economy
The less money you have, the more you have to do to keep thieves from grabbing it. That appears to be the lesson from Memento Inc., which has seen its business grow as the economy tightens and its banking customers consolidate and shrink. The Concord-based fraud detection software company reports 140 percent revenue growth in 2008, and now counts six of the top 15 U.S. banks as customers. Read the full story.

November 3, 2008

Bank Technology News: Memento Named Top Innovator of 2008
Each year, Bank Technology News releases its list of Innovators - 25 people, companies and technologies that "represent the most progressive thinking in financial services." More than 200 companies were considered for the 2008 ranking, and Memento is proud to be among those named to The Innovators 2008. The full story, and the complete list of 2008 Innovators is featured in the November 2008 issue of Bank Technology News, and can be viewed at http://www.banktechnews.com.

August 1, 2008

Credit Union Magazine: Insider Fraud and Your CU
Michael Mulholland, Director of Fraud Solutions Strategy at Memento, writes about the challenges credit unions face in their fight against internal fraud. Read about the types of fraud perpetrated by insiders, the impact incidents have on credit unions, and the benefits of proactively monitoring for suspicious and fraudulent activities. Read the article.

June 9, 2008

Memento and Fair Isaac Announce Strategic Partnership
Memento announces a strategic partnership with Fair Isaac to combat the growing problem of internal fraud. Fair Isaac has a long history of providing leading fraud solutions to the financial services industry, and will now be offering Memento Security through its worldwide sales network.

Read the press coverage:


June 11, 2008

MSNBC.com: Memento, Inc. Recognized as One of the Area's “Best Places to Work” by the Boston Business Journal
Learn about the categories employees were asked to consider when ranking Memento as an employer. Read more.

February 12, 2008

Bank Info Security: Mike Mulholand on ACH Fraud — Strategies to Fight Back
Hear about new strategies for fighting ACH fraud in this podcast from Memento Director of Fraud Solutions Strategy Mike Mulholand. Listen to the podcast.

February 5, 2008

Payments News: Memento Helps Protect Banks from Emerging ACH Fraud Threats
Get details about Memento’s announcement of a powerful solution to address the escalating ACH fraud problem. Read the article.

January 30, 2008

BusinessWeek: The Lesson of Societe Generale
Find out how sophisticated monitoring could have detected this record-setting fraud. Read the article.

Press Releases

April 14, 2009

Memento Launches Enhanced Investigative Case Management Solution
Innovative enterprise solution helps financial institutions investigate cases quickly and detect interconnected fraud accurately. Read the announcement.

March 24, 2009

Memento Launches Bank Fraud Forum Blog
Noted fraud management experts share insights, opinions and best practices in first blog focused exclusively on bank fraud. Read the announcement.

January 13, 2009

Memento Reports Record-Breaking Results in 2008
Enterprise fraud management leader charts 140% top-line growth, acquires new banking customers, and addresses critical emerging fraud challenges worldwide. Read the announcement.

December 15, 2008

Scotiabank Reinforces Customer Security with Memento, Inc. Offerings
Memento announces that Scotiabank has signed an agreement to further reinforce customer security and privacy at the Bank with Memento Security. Read the announcement.

November 4, 2008

Bank Technology News Names Memento a Top Innovator of 2008
Memento Security recognized for its next-generation data management and fraud detection capabilities. Read the announcement.

November 3, 2008

Gruppo UBI Banca Selects Memento to Reinforce Its Commitment to Detecting and Preventing Fraud
Leading Italian financial institution identifies and prevents fraud using Memento Security. Read the announcement.

October 20, 2008

Memento and IBM Join Forces to Help Financial Institutions Fight Fraud
Next-generation solutions will help prevent cross-channel fraud linked to stolen and synthetic identities. Read the announcement.

October 16, 2008

Guaranty Bank Selects Memento for Enterprise Fraud Management
Growing corporate and consumer finanical institution chooses Memento's innovative fraud management solution to protect customer deposit accounts. Read the announcement.

October 14, 2008

Memento Launches Next-Generation Solution for New Account Fraud
Memento announces a cross channel, context-aware solution to detect, stop, and investigate the widespread, growing problem of fraud on new deposit accounts. Read the announcement.

September 10, 2008

Top Analyst Firm Rates Memento "Excellent" in New Enterprise Fraud Management Report
Report identifies five critical capabilities as key criteria for technology acquisition decisions. Read the press release.

June 11, 2008

Memento Recognized as One of the Area’s “Best Places to Work” by the Boston Business Journal
This year’s top ranking firms were chosen from 375 nominations—a record number of submissions in the six-year history of the “Best Places to Work.” Read more.

June 9, 2008

Memento Partners with Fair Isaac
Memento announces a strategic partnership with Fair Isaac, a leader in Enterprise Decision Management, to address the complexity of stopping insider fraud. Read the announcement.

February 5, 2008

Fraud Prevention Experts Shirley Inscoe and Mike Mulholand Join Memento
At the BAI TransPay Conference & Expo, Memento announces hiring of two of the fraud prevention industry’s most knowledgeable and respected experts. Read more.

February 5, 2008

Memento Introduces Solution to Address Escalating Automated Clearing House (ACH) Fraud
Memento announces a powerful, effective solution for addressing the emerging, complex challenge of detecting and stopping fraudulent ACH transactions. Read more.

October 22, 2007

Memento Introduces New Version of Fastest, Most Accurate Fraud Detection and Compliance Solution
Next-Generation Solution Helps Top Financial Institutions Transform Fraud Detection Read more.

July 3, 2007

Memento Chosen For Innovative Technology And Approach
5 of top 15 North American Banks Select Memento Security as Fraud and Compliance Platform. Read more.

April 17, 2007

Memento, Inc. Completes $7.5 Million Financing to Fuel Growth
.406 Ventures leads funding, cites internal fraud management pioneer’s strong management, significant market traction, and unique solution. Read more.

March 20, 2006

Maria Cirino Joins Memento Board of Directors
Technology visionary and leader from VeriSign, Guardent, and Shiva brings wide-ranging strengths to internal fraud management pioneer. Read more.