Mantas, a provider of behavior detection technology for the financial services industry, today announced that LogicaCMG has joined its alliance programme.
Mantas and LogicaCMG are working together to sell technology that enhances profitability for clients by reducing risk and developing business growth opportunities. Mantas hopes to capitalise on LogicaCMG’s relationships and experience in management consultancy, systems development and integration, and outsourcing. For its part, Mantas will offer technical expertise.
Mantas says its “Behavior Detection Platform” analyzes every transaction to help companies determine the past, present, and future behaviour of customers, employees, and business partners. Using such techniques as Link Analysis – which can find hidden relationships – and Sequence Matching – which evaluates actions in sequence to detect potentially troubling patterns of behavior – Mantas products help its bank, brokerage, exchange and other financial services industry customers fight money laundering, fraud and broker abuse, deliver best execution, ensure trading compliance, and assess operational risk. Mantas products can be deployed across an entire global firm or within a specific business unit and> geographical operation.
“LogicaCMG brings special expertise and market relationships to this partnership,” says Simon Moss, CEO of Mantas. “The firm is well-known for its financial services track record and also for its global capabilities and real understanding of the international market. This relationship is based on extensive mutual due diligence and respect. We’re working very closely together and it has been very clear already that this relationship is benefiting both of our firms as well as our customers.”
“Mantas has the most extensive behavior detection technology in the market,” says John Evans, Head of Risk and Compliance Solutions from LogicaCMG. “We’re very pleased to have this kind of integrated relationship and access to technology we can use to provide our clients with the compliance and business systems they need in today’s tough environment.” As a result of this relationship, the two companies are working together on a range of global initiatives including system implementations, marketing, customer support, and product development.