Burlington, MA — October 15, 2010 — Memento Inc., a leading provider of enterprise fraud management solutions for financial institutions, today announced that John E. O’Malley has joined the company as its Chief Executive Officer. Mr. O’Malley brings over 20 years of strategic vision and successful execution in financial services and technology markets to Memento. With broad executive experience and a deep understanding of how to bring innovative technologies to the financial services sector, he is exceptionally well-qualified to lead Memento through its rapid growth.
“I am pleased to hand the reins of Memento to an industry veteran who brings a superb mix of banking industry experience and a solid track record of taking companies like Memento to the next level,” said Memento’s founding and outgoing CEO, BC Krishna. “John O’Malley is a proven leader who also brings a passion for delivering value and exceeding customer expectations – traits that are deeply rooted in Memento’s DNA.” Mr. Krishna led the executive search process and will remain an active advisor and member of the Board of Directors.
John O’Malley is an expert in developing high performing companies and helping financial institutions solve important business challenges. His broad execution, leadership and strategic planning skills have helped Mr. O’Malley drive innovation and operational excellence at several influential financial services technology companies. As President and CEO of Harland Financial Solutions, Mr. O’Malley managed multi-business unit operations with over 1,800 employees and grew revenue from $17M to over $300M. Additionally, Mr. O’Malley’s leadership led to significant growth at Fiserv where he served as President of the CBS Division and also at Hogan Systems (acquired by Computer Sciences Corp.) where he was Executive Vice President of International Operations.
“Memento is a nimble, high energy company with unique competitive advantages that brings a powerful, proven approach to some of the most important and costly fraud challenges that banks and credit unions face today,” said John O’Malley. “I am proud to join the passionate, talented team at Memento and am excited to deliver a new class of fraud and regulatory capabilities to financial institutions across the industry.”
About Memento
Memento, Inc., a leader in enterprise fraud management, delivers next-generation technology and proven solutions that allow financial institutions to rethink the way they combat and manage fraud. Memento Security, the company’s award-winning software platform, protects deposit accounts from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments. Trusted by the world’s largest and most influential financial institutions, regional banks, and credit unions, Memento offers exceptional accuracy, rapid ROI, and unmatched business value.
Contact:
Jamie Watt
Vice President of Marketing
Memento, Inc.