Fairfax, Va. (April 30, 2003) -- BearingPoint, formerly KPMG Consulting, announced Tuesday that it has teamed up with technology alliance program Mantas to market and implement systems to combat money laundering and fraud.

BearingPoint will work with Mantas on system implementation, marketing, customer support, and product development.

"In addition to the technology platform, clients need to have leading practices in place both on the compliance side and on the business opportunity side," said Simon Moss, CEO of Mantas. "The BearingPoint-Mantas relationship offers clients access to a team that can integrate, deploy, and maximize the benefits of the Mantas system across an entire enterprise, and do so on a global basis."

The Mantas Behavior Detection Platform operates on an enterprise-wide basis, monitoring every transaction and account across a firm.

"Any single account or transaction can look perfectly normal," said Sarah Diamond, a managing director and the segment leader for Capital Markets with BearingPoint. "In order to detect the suspicious activity, a firm must be able to analyze events in context, identifying suspicious patterns of activity and hidden links between accounts. BearingPoint and Mantas can help clients evaluate what they need, then put the technology in place to do the job."

-- WebCPA staff

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