Norkom to Host Prestigious Financial Institutions at Annual Executive Client Forum
Nation’s Foremost Industry Leaders to Discuss Fraud and Compliance Strategies
BOSTON – June 17, 2008 - Norkom Technologies, the leading provider of financial crime and compliance software to the global financial services industry, today announced that it will hold its annual North American Executive Client Forum at the Boston Taj Hotel on June 18th – 19th, 2008.
The Norkom Client Forum brings together some of the foremost fraud and anti-money laundering executives from Norkom’s client base to share ideas and discuss the latest approaches for effective fraud and compliance management. Presenters at the Forum will include industry experts, analysts, and corporate risk mavens who will share their experiences on investing precious resources in the battle against financial crime.
“Our clients are some of the most recognizable financial institutions and corporations in the US, if not the world”, states Paul Kerley, President and CEO of Norkom, Inc. “Clients have repeatedly told us that our Norkom client gatherings, such as this inaugural North American Forum, provide the perfect venue and proper atmosphere for sharing ideas, concerns, and requirements to map out the future of fraud and anti-money laundering projects.”
The 2-day Forum will have notable speakers from national intelligence agencies, major insurance companies, and international banks. George Tubin, senior research director for TowerGroup's Delivery Channels and Financial Information Security research services will be among those presenting.
At the recent TowerGroup Conference, Mr. Tubin stated that “U.S. banks will make an estimated $2.4B in IT investments in fraud management in 2008” and that “siloed fraud detection methods are no longer sufficient.”
“Clients continue to tell us that detection is only a first step in prevention of fraud and money laundering. The leading banks know that they must investigate cases efficiently as well, and they realize an enterprise-wide platform like Norkom’s, that automates investigations, rapidly and intelligently gathers and sorts through data from multiple sources, and identifies links and fraud patterns, is the proper way to proceed,” explained Kerley.
US Media contacts:
Chris Belthoff
VP of Global Product Marketing, Norkom
Tel: +1 617 235 8831
Email chris.belthoff@norkom.com
Ray Graber
Graber Associates LLC
Tel: +1 781 221 0018
Email ray@graberassociates.net
NOTES FOR EDITORS
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 a 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.