Memento, a leader in enterprise fraud management for banks and credit unions, announced today that it has been chosen by Gruppo UBI Banca to provide greater security and protection of sensitive information and accounts.
UBI Banca, one of Italy's leading financial institutions, will partner with Memento to mitigate risk, prevent loss, and protect its 4 million customers from a wide variety of fraud threats.
Memento Security - Memento's next-generation fraud management solution - strengthens the ability to monitor, detect, investigate and report on suspicious or unusual activities across all operating units and business lines. These powerful, proactive fraud-detection capabilities help monitor key systems across the organization, intercepting fraud before losses occur and protect the bank's reputation from the tarnish of fraud.
"Bank fraud is perpetrated by increasingly well organized and sophisticated fraudsters, and the method of attack frequently crosses many channels, so vigilance is critical," said BC Krishna, founder and CEO of Memento. "Our innovative enterprise fraud platform confronts the many threats facing today's banks, and it helps them protect the bank's assets. We look forward to helping UBI Banca stay ahead of fraudsters."