Norkom Launches Financial Crime Case Management Conversion Practice at BAI Conference

CMCP Enables Financial Organizations to Cost-effectively Modernize Case Management Systems Used in Fraud and AML Programs

WASHINGTON, DC  – October 20, 2008 - Norkom Technologies today announced the launch of the Norkom Case Management Conversion Practice (CMCP), an innovative program that enables financial organizations to smoothly transition their legacy systems for combating financial crime to Norkom’s advanced, flexible Enterprise Investigation Management (EIM) solution.

Norkom, a leader in financial crime and compliance solutions, unveiled CMPC at the Combating Payments Fraud Conference (Booth 209), hosted by the Bank Administration Institute at the Gaylord National Resort and Convention Center.

Developed through extensive experience and consultation with clients and partners, Norkom’s CMCP enables users of legacy Fraud and Anti-Money Laundering (AML) case management systems to migrate to Norkom’s EIM solution via a fast, easy, and cost-effective replacement process. The practice’s low-risk approach to transition to offers numerous advantages including:

• Full support for multiple levels of domains and organizations, allowing distinct workflows and processes for Fraud, AML, and Corporate Security, while still integrating these functions across the enterprise on a single platform
• Proven improvements in investigator productivity, as evidenced by cost reductions of up to 30% by recent CMCP clients
• Integrated SAR eFiling, further improving investigation efficiency and productivity
• Financial Control and Loss Recovery functions to minimize loss and financial risk

Once a conversion is complete, EIM provides an organization with the agility to manage new fraud threats and can be easily configured to maintain compliance with increasing regulatory demands.

“The world of financial crime has changed dramatically over the past several years and the future only holds more complex fraud and compliance challenges,” said Joe Friscia, general manager and EVP of Norkom’s business in the Americas.

“Many existing case management systems are outdated, expensive to maintain, and cannot be adapted to handle the emerging multi-channel threats and regulatory demands of the modern banking world. Norkom’s CMCP offering gives financial organizations the ability to adopt a proven, best-in-class solution with minimal risk and cost – a solution which not only improves current investigation procedures for AML and Fraud but can also easily be applied to successfully deal with new business challenges such as bank mergers and acquisitions”.

Norkom will be available to discuss CMCP and to demonstrate how the Enterprise Investigation Management solution tracks and manages all risks — from any source or region — and delivers the information users need for early detection of criminal behavior and the tools for fast, decisive action.

Over 100 financial institutions around the world depend on Norkom for protection against financial losses and damaged reputations as well as for improvements in operational efficiency. Norkom’s solutions can be scaled and customized to meet clients’ current and future needs – from anti-money laundering, online payments, and customer due diligence to enterprise detection and investigation of all types of fraud.

Norkom’s software has been described as an “effective enterprise wide financial crime management solution” by an industry analyst firm. Other accolades include “Best Technology Solution” in Complinet’s 2007 compliance awards; “Number One for AML and Fraud” in OpRisk & Compliance magazine’s software rankings survey; “Vendor of the Year” by Institutional Investor News ARC Awards, and “Best AML Solution” in the Banking Technology Awards.

To schedule an interview or briefing at the BAI conference, contact Chris Belthoff at chris.belthoff@norkom.com or 617-235-8831.

About Norkom Technologies (www.norkom.com)

Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial organizations to take intelligent action, control defenses, and evolve strategies against fraud, money laundering, and other types of financial crime.

By combining a unique detection and investigative technology platform with deep domain expertise, Norkom has established a solid track record of reducing financial losses, protecting users’ reputations, improving operational efficiencies, and lowering the costs of information technology.

Norkom serves clients in over 100 countries, including Bank of Montreal, HSBC, Credit Agricole, Fortis, Rabobank, and Standard Chartered Bank.

US contacts:

Chris Belthoff, VP of Global Product Marketing, Norkom Technologies,

Tel: +1 617 235 8831

Email chris.belthoff@norkom.com

Ray Graber, Graber Associates LLC

Tel: +1 781 221 0018

Email ray@graberassociates.net