FIS

Fidelity National Information Services Inc., better known by the abbreviation FIS, an international provider of financial services technology and outsourcing services, partnered with Pyramid Cyber Security and Forensics (P) Ltd. We at Pyramid help associations & organizations realize their threats and secure their technology, individuals and procedures. We are also implementation partner of FIS’s award-winning Memento enterprise fraud management solution which has been a world leader in financial crime management, combining revolutionary data indexing, superior analytics, forensic research and innovative alert and case management capabilities.

A fraud is an attempt to deceive another for financial gain. Financial frauds are a form of theft/ larceny which occur when a person or entity takes money or property, in an illicit manner, with the intent to gain a benefit from it. Such crimes usually involve some form of deceit, subterfuge or the abuse of a position of trust, which distinguishes them from common theft or robbery. High and unrealistic returns for small amounts of investment, easy and risk-free investment are some of the features of financial frauds. Some types of fraud are Debit/ Credit card frauds, Identity Thefts, Insurance Frauds, and Pyramid Schemes amongst others.

FIS™, the world’s largest provider of banking and payments technology, has expanded its enterprise fraud platform to provide banks and credit unions with new and more effective ways to detect and manage a broad array of risk, fraud and compliance threats–providing innovative solutions that meet the most stringent compliance requirements. FIS continually strives to give every client a voice and listen and respond to their needs. With a focus on innovation, new product development and enhancements, FIS is positioned, to help clients be more competitive and address their business challenges and meet their strategic goals. FIS takes information security very seriously and provide industry-leading secure and reliable solutions. FIS is committed in protecting the assets of their clients and customers.

Acquired by FIS on May 1, 2012, Memento, a leading provider in enterprise fraud management, delivers next-generation fraud solutions through its award-winning enterprise platform that helps protect financial institutions from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments. Trusted by some of the world’s largest and most influential financial institutions, regional banks and credit unions, Memento offers exceptional accuracy, rapid ROI and business value. The platform offers a range of fraud management alternatives, including prevention of ACH fraud, wire fraud, On-Us cheque fraud, employee fraud and deposit fraud.

Memento’s Industry Recognition

  • Unique Data Management Approach.  Memento’s time to value is shorter than other approaches and requires significantly less customer IT time and resources than our competition.
  • Advanced Analytics.  Machine learning combined with advanced analytics and user-definable rules are all leveraged to generate accurate fraud alerts for both specific and cross-channel threats.
  • Managed Services Support Model.  Continuous direct customer involvement with dedicated fraud industry experts ensures the solution evolves with ever-changing fraud threats.
  • Rapid Business Growth.  Of the small number of “leaders” identified in the report, FIS Memento is the only vendor growing faster than the financial crimes market as a whole.

Download FIS Brochure Here