Corporate Profile for Mantas, dated Feb. 21, 2003.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: Feb. 21, 2003
Company Name: Mantas
Address: 4300 Fair Lakes Court
Fairfax, VA 22033
Main Telephone
Number: 703/322-4917
Internet Home
Page Address
(URL) www.mantas.com
Chief Executive
Officer: Simon Moss
Chief Financial
Officer: Dan Ilisevich
Investor Relations
Business number: 703/322-4917
E-mail address: pr@mantas.com
Public Relations
Contact: Susan Lewis
Business number: 703/653-5349
E-mail address: susan_lewis@mantas.com
Industry: Software for the financial services industry
Company description: The Mantas Behavior Detection Platform supports products used by financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms to meet their regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. and to ensure best practices in such areas as best execution, trading compliance, investor protection, and anti-money laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. compliance. Mantas products enable financial services firms to detect behavior that may indicate: broker abuse (such as front running, inaccurate calculation of mutual fund breakpoints, insider trading, churning); clients that could benefit from professional investment advice (identifying poorly diversified accounts and accounts that have suffered large losses, for example); 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. ; identity theft; and other issues. The Mantas Platform encompasses proprietary techniques such as Link Analysis - which can find hidden relationships - and Sequence Matching - which evaluate actions in sequence to detect potentially troubling actions. These techniques enable Mantas products to find suspicious activities - or scenarios -- that may not be detected any other way. Examples of behavioral scenarios detected by Mantas technology include: employees front running or shadowing a customer account or trading on insider information; customers with high-risk positions; traders marking the close; brokers encouraging short term holding or giving contradictory advice; customers with hidden account relationships (linked by an address, phone number, beneficiary information, or through business done between some or all of the accounts); rapid movement of funds; and patterns of activity that may indicate "account takeover." Mantas began operations in the mid-1990's when, as a business unit of SRA International Corporate Profile SRA International, Inc. (NYSE: SRX) is a provider of technology and strategic consulting services and solutions to clients in national security, civil government, and health care and public health. , the Mantas team was hired to develop the Advanced Detection System for the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ), a system that is still in use today. This effort led to awards from the Smithsonian Institute, American Association American Association refers to one of the following professional baseball leagues:
data warehousing - data warehouse Institute recognizing the innovative application of data mining technology. 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. |
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