According to Memento, its Memento Enterprise Platform software will help the bank protects deposit accounts from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments.
Starting with Memento’s Check Fraud, Deposit Fraud and ACH & Wire Fraud solutions, First National Bank will leverage the capabilities of a single platform for Enterprise Fraud Management and be able to expand to meet new challenges in the future, claims Memento.
First National Bank director of technology risk management Barb Austin said Memento was clearly able to demonstrate expertise in the accurate detection of fraud, and this enhanced accuracy means that their loss prevention team will be more productive.
"Memento’s analytics are cutting-edge. Their industry experts, mathematicians, technologists and client services team all work together to zero in on fraud," Austin said.
