Protect Your Most Vulnerable Customers
Trusting, potentially hampered by health issues, and asset-rich — your elderly customers are easy targets for fraudsters. To protect this growing population, your bank or credit union needs to be able to detect the early warning signs of elder financial abuse. It’s part of your responsibility to your customers. And Memento can help with a flexible effective solution for monitoring, detecting, and investigating elder financial abuse.
Memento Security enables your bank or credit union to monitor for the warning signs of elder financial abuse — signs that may be invisible to your personnel. It’s easy to implement and use. It helps you stay up-to-date on the latest fraud schemes. And you can use it across a wide range of banking products and channels.
We know elder financial abuse
We bring you an extensive catalog of elder financial abuse scenarios, which let you spot schemes perpetrated by relatives and caregivers, organized criminals, confidence artists, and others. We help you spot account changes, changes in banking patterns, high-risk transactions, evidence of identity theft and account takeover, and other key indicators of financial abuse. And we continually update our scenarios to stay ahead of new fraud schemes.
Bringing new benefits to your bank
Stopping elder abuse faster and more effectively helps your bank’s reputation — and its bottom line. With Memento Security, you can improve customer service, increase efficiency, reduce financial losses, and enhance your brand. And your elderly customers will be protected from unscrupulous fraudsters.