Getting To Know Mantas
The Mantas Corporation, based in Virginia, along with offices in New York, the United Kingdom, and Singapore, has created powerful business intelligence solutions that help other companies determine risk, make informed decisions, improve relationships and grow their business. The people of Mantas are financial service professionals who understand the different aspects of business from compliance regulations and data distribution. As an overview, Mantas began as a business unit focusing on meeting the demands of an ever-changing global financial services industry.
"In the mid-1990s, the Mantas team began work as a business unit of SRA International, Inc. Focusing from the start on meeting the needs of the global financial services industry the first Mantas products addressed trading compliance and best execution for the National Association of Securities Dealers(NASD) and Merrill Lynch. Today, both systems remain in operation with the NASD Advanced Detection System monitoring every trade that goes through the NASDAQ and Merrill Lynch's BEAMS helping that firm lead the industry in Best Execution evaluation.
Recognizing the value this technology could provide, SRA International in partnership with Safeguard Scientifics, Inc., a developer and operator of emerging infrastructure technology companies, spun-off Mantas, Inc., in May 2001. In October 2003, Safeguard Scientifics, Inc. (NYSE: SFE) made an additional investment in Mantas. This investment was directed towards continued global expansion and product advancement. " Today, Mantas provides more than five thousand professionals in financial institutions worldwide with analytic applications that concentrate on risk management, performance management, fraud detection and operational analysis needs to improve business. The company primarily focuses on enterprise-wide anti-money laundering, surveillance and trading compliance software. Some of the companies that Mantas provides its services to include: ABN Amro, Barclays Capital, Charles Schwab, Citibank and Merrill Lynch. These companies receive solutions that address their risk management, performance management, fraud detection and operational analysis needs. Mantas, Inc. is a global software company that has developed a behavior detection technology that allows businesses to identify undiscovered risk and opportunity. They recently were honored in 2003 from Waters Magazine, for their Behavior Detection Platform, receiving the "Best Compliance Solution" award. "The company has also been ranked as a leading compliance vendor in reports from TowerGroup, Celent Communications and Butler Group. " The Mantas software programs acts as a starting point to improve business applications. It provides reliable protection in different areas such as: changes in regulatory culture, loss prevention applications that can expose unseen risks and losses, revenue generation applications that identify opportunities for institutions to increase revenues, improving customer satisfaction and reducing cost of sale. From their website the services that Mantas provides include:
Mantas Anti-Money Laundering
Mantas Trading Compliance
Mantas Broker Compliance
Mantas Mutual Fund Compliance
Mantas Fraud Detection
Mantas Operational Risk Analysis
Mantas Client Assurance
The behavior detection technology that Mantas provides to its different financial institutional clients is one of the industry's most complete solutions for avoiding risk, surpassing regulatory requirements, and enhances client relationships. The software is able to analyze the different behaviors of the people within a corporation. It starts with the customer, moving onto the employees and then finally to the corresponding partners in every transaction that takes place. It is able to do this without time constraints,...
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