Burlington, MA — March 21, 2012 – Memento Inc., a leader in Enterprise Fraud Management solutions, today announced that it has been named a “Leader”, the highest ranking available, by IDC Financial Insights in a recent IDC MarketScape report, titled: “IDC MarketScape:  Financial Crimes Management 2012 Vendor Assessment”. Of the 10 vendors who participated in the report, Memento received high scores for the capabilities of its Memento Enterprise Fraud Management Platform.

The IDC Financial Insights report examines financial crimes management solutions that anticipate, detect, analyze and prevent fraudulent transactions, money laundering and employee financial misconduct.  IDC Financial Insights estimates that in 2010 the financial industry spent $2.9 billion on financial crimes solutions from all marketplace vendors, and expects spending to increase at an annual growth rate of 8.3% through 2015.  IDC Financial Insights uses in-depth surveys and customer interviews to compare vendors’ capabilities and strategies, highlighting the factors most likely to influence their success.

Among the report’s findings¹:

• “Memento got its start focusing on internal fraud and has since expanded its scope to encompass enterprise and cross-channel fraud, check fraud, deposit fraud, identity theft and credit card “bust out” scenarios…”
• “Memento’s key differentiators are its search engine approach to data management, its portfolio approach to analytics, and its managed service delivery model.”
• “Both customer references were enthusiastic about the expertise and skill of the Memento staff, as well as the user interface and configurability of the software.”

“We are pleased to be recognized for our innovative approach to fraud detection and our unique and value-added managed service customer support model,” said Mike Braatz, Memento Senior Vice President and General Manager.  “IDC Financial Insights’ research and ranking confirms that Memento’s commitment to aligning customer needs with leading technology and expert services is well received by our customers and the market as a whole.”

1 – IDC MarketScape:  Financial Crimes Management 2012 Vendor Assessment, (Doc# FIN232994), February 2012

About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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 cross-channel fraud. The Memento Enterprise Platform, the company’s award-winning software, protects deposit accounts from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments. Trusted by many of the world’s largest and most influential financial institutions, regional banks, and credit unions, Memento offers exceptional accuracy, rapid ROI, and unmatched business value. Please visit www.mementosecurity.com for more information.

Contact:
Julia Geyerhahn
Marketing Manager
781.221.3030
Memento, Inc.