Memento, a leader in fraud detection and risk mitigation for banks and credit unions, today announced that Scotiabank has signed an agreement with Memento to further reinforce customer security and privacy at the Bank.
"Our business is about security and privacy, and this is a responsibility we take very seriously," said Glenn Brady, Vice-President, Shared Services, Scotiabank. "Scotiabank already has very effective policies, procedures and technologies in place to monitor accounts and transactions. The Bank remains committed to addressing our customers' high expectations for security and privacy, while also complying with the regulatory standards of Canada's financial services industry."
"Using Memento Security - Memento's next-generation enterprise fraud solution - Scotiabank analysts and investigators will have enhanced monitoring capabilities", said BC Krishna, founder and CEO of Memento. "We look forward to helping Scotiabank identify the latest, most complex and potentially damaging fraud schemes."