Our History

Memento was founded in 2003 to solve two of the most critical unsolved problems faced by financial services enterprises — fighting fraud and managing compliance. From the start, Memento’s leaders recognized that the traditional ways of attempting to address these complex, dynamic issues were ineffective, inflexible, and overly complicated. They saw an opportunity waiting for the right solution.

Our team of technologists and financial services veterans created Memento Security from the ground up to take a fundamentally different approach — one that drew upon proprietary indexing, advanced fraud-scenario modeling, and monitoring techniques to zero in on the telltale events and patterns that include fraud and compliance issues.

As the company expanded, we focused on applying our solution and unique approach to the wide-ranging challenges of fraud and compliance — including employee fraud, ACH fraud, elder financial abuse, AML compliance, continuous audit monitoring, and more. In each case, we provide a solution that is more accurate, flexible, faster, and better than traditional approaches. And we work closely with our customers to meet the ever-changing challenges they face.

Since its founding, the company has grown steadily and quickly — attracting a loyal base of customers, including credit unions, community banks, and larger banks across North America and Europe. Headquartered in Concord, MA, Memento now has offices in Washington DC, New York, Los Angeles, Milan, and London. Though the company has grown, our focus remains the same — fighting fraud and managing compliance.