Memento, Inc.
Memento and IBM Join Forces to Help Financial Institutions Fight Fraud
Published in Medical Device Law Weekly, November 9th, 2008
Memento, Inc., a leader in enterprise fraud management, announced an agreement with IBM (NYSE: IBM) to deliver fraud detection solutions to the financial services industry. The two companies will jointly develop, market and sell innovative, next-generation solutions for monitoring, detecting and investigating a wide variety of fraud types, including deposit account fraud, new account fraud and insider fraud.
Fraud is a widespread problem affecting banks and other types of financial institutions. According to analyst firm TowerGroup, 20 to 35% of the $55 billion in operational losses incurred by financial institutions are due to fraud. Cross-channel fraud - involving...
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