Brighterion Appoints Matthew Graves as CEO and President; Industry Veteran to Lead Delivery of Real-time Fraud Prevention Solutions.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--June 19, 2002 Brighterion Inc., a provider of real-time solutions for protection against fraud and money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. , announced today that Matt Graves has been named Chief Executive Officer and President. Graves brings over 17 years of banking industry and technology experience to the company. He will assume his responsibilities from Akli Adjaoute, Brighterion founder. Adjaoute will now focus on research and development. As Senior Vice President for Payment Strategies at Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , Graves drove technology and e-commerce initiatives across individual retail, wholesale and international strategic business units. In addition, he has held executive leadership positions in @pos, Commerce One, and Allstate Bank. Graves was also the President and Founder of FirsTech, an affiliate of First Decatur Bancshares, Inc., where he built a leading technology and operations company delivering next generation payment systems and services to major telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and utility companies across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "Matt's expertise in advanced payment strategies combined with our unique technology will provide a cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to for our future direction," said Akli Adjaoute, Brighterion's Chief Scientific Officer and Founder. "His strong leadership skills and forward thinking business style will propel pro·pel tr.v. pro·pelled, pro·pel·ling, pro·pels To cause to move forward or onward. See Synonyms at push. [Middle English propellen, from Latin Brighterion into a position of market leadership." "I am pleased to be part of Brighterion at such an important and exciting time," said Graves. "Brighterion has a tremendous opportunity in delivering unique real-time fraud prevention solutions. Losses due to criminal activity directly affect the profits of financial institutions. Existing solutions fail to capture more than 50% of fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. transactions. The Brighterion team has created a solution that allows more than 90% of fraud to be identified and captured in real-time. This prevents fraudulent transactions from ever being completed." About Brighterion Established in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden in 2000, Brighterion Inc. is committed to the prevention of fraud before it occurs within transaction environments. Utilizing state-of-the-art artificial intelligence technologies, the company provides the first comprehensive and real-time fraud prevention solution for the commercial marketplace. For more information visit www.brighterion.com or call 415/986-5600. Note to Editors: Brighterion is a registered trademark of Brighterion Inc. Other brands and products are trademarks of their respective owners. |
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