Enterprise Investigation Management Reduces Fraud Losses, Strengthens AML Compliance by Tracking and Managing Suspicious Events from Any Source or Region
BOSTON--March 11, 2008--Norkom Technologies, the leading provider of financial crime and compliance software to the global financial services industry, today announced that it will be an exhibitor and platinum sponsor at the Money Laundering Alert 13th Annual International Conference at the Westin Diplomat Resort & Spa in Hollywood, Florida March 17-19, 2008.
Norkom, in Booth 300-302 at the popular and prestigious gathering, will be demonstrating its latest generation of solutions including the recently updated version of its market-leading Enterprise Investigation Management (EIM) solution. An enterprise-level approach that tracks and manages all financial crime events across an institution—from any source or region — EIM gives users the information they need for early detection and the tools required for fast, decisive action.
The research report Securing the Future Against Financial Crime: Enterprise Wide Financial Crime Management and Beyond, published in January 2008 by Datamonitor and Norkom, revealed a strong market trend toward enterprise-wide, risk-based approaches to financial crime prevention and away from single-issue, “point” solutions. This trend is particularly noticeable among leading “Tier One” financial services institutions, according to Joe Friscia, general manager and EVP of Norkom’s business in the Americas.
“The market is telling us that detection is only the first step in prevention of fraud and money laundering. The leading banks know that they have to investigate cases efficiently as well. To do that they need an enterprise-wide platform like Norkom’s that automates the investigation rapidly and with a high degree of intelligence, gathering data from multiple sources and silos, sifting through it quickly, and identifying links and patterns that would otherwise go undetected,” explained Friscia.
“Norkom is proud to be a sponsor and exhibitor at the MLA Conference for the third consecutive year. We’re looking forward to showing our enhanced financial crime and compliance software offerings to the more than 1,500 professionals and officials who’ll be attending from over 60 nations,” he continued, pointing out that Norkom will also be hosting the conference’s luncheon gathering on Tuesday, March 18.
Journalists and industry analysts who would like to schedule an interview or briefing with Norkom experts should contact Ray Graber by email at ray@graberassociates.net or phone at +1 781-221-0018. To arrange for a demonstration of Norkom’s sophisticated software suite at Booth 300-302, contact Cathy Ly by email at cathy.ly@norkom.com or by phone at +1 617-235-8827.
Norkom Technologies
Norkom Technologies (AIM: NORK.L, IEX: NORK.IE), with operations across North America, Europe, and the Asia/Pacific region, is a market-leading provider of innovative financial crime and compliance solutions to the global financial services industry.
Norkom enables organizations to take intelligent action, control defenses, and evolve strategies against financial crime. By combining unique financial crime and compliance technology platform with deep domain expertise and extensive client experience, Norkom offers a comprehensive set of solutions which can be scaled and customized to meet clients’ current and future needs – from anti-money laundering and customer due diligence to enterprise investigation of all types of fraud.
Serving clients in over 100 countries, including HSBC, Credit Agricole, Fortis, Rabobank, Standard Chartered Bank, Washington Mutual and Western Union, Norkom has a solid track record of reducing financial losses, protecting users’ reputations, improving operational efficiencies, and lowering the total cost of ownership of information technology.
Celent cites Norkom as “one of the few vendors that offers a comprehensive product suite that provides all essential components of an AML compliance solution.” Gartner notes that Norkom offers “an effective enterprise wide financial crime management solution.” In 2007, Norkom was recognized as ‘The Best Technology Solution’ in Complinet’s Annual Compliance Awards; ‘Number One for AML and Fraud’ in the OpRisk & Compliance magazine’s software rankings survey; and ‘Best AML Solution’ in the Banking Technology Reader’s Choice Awards.
Norkom Technologies
Chris Belthoff, +1-617-235-8831
VP of Marketing, Norkom
chris.belthoff@norkom.com
or
Graber Associates LLC
Ray Graber, +1-781-221-0018
ray@graberassociates.net