Find out more about Memento's accurate and flexible solution to new account fraud:
Stop New Account Fraud
Financial institutions spend billions of dollars each year acquiring new customers. But among these new accounts, you'll find fraudsters using stolen or synthetic identities to steal money from your institution. With Memento Security, you can stop new accounts from turning into new fraud.
Monitor high risk new accounts
Memento Security helps you focus on high-risk new accounts opened by criminals or collusive rings. Proactively search for and identify potentially fraudulent new accounts. Shut down the accounts-before fraud happens. Or apply more stringent monitoring to priority accounts. With Memento Security, you can apply appropriate monitoring to different groups.
Cross all key channels
Our context-aware, cross-channel monitoring spots anomalies, regardless of how the account is accessed-branch, ATM, and more. It's a more effective approach than traditional siloed solutions, which only monitor one channel. Memento Security lets you evaluate related events that can indicate fraud, including account linkages, suspicious activity, and other events.
Take a new approach
Memento Security monitors for new account fraud across all channels, products, transaction types, and accounts. It delivers accurate leads-quickly and cost-effectively. And powerful case management and forensic research capabilities help investigators turn fraud alerts into tangible acion-including terminations and prosecutions.