BOSTON - (Business Wire)
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 at
NACHA’s Payments 2008 Conference at the MGM Grand Hotel in Las Vegas, May 18
– 21.
Norkom will be demonstrating its latest generation of financial crime prevention solutions including the market-leading Enterprise Investigation Management (EIM) solution. Tracking and managing all potentially harmful financial risk events — from any source or region — EIM delivers to users the information they need for early detection of financial crime and the tools for fast, decisive action.
Norkom’s powerful investigative platform for screening and reporting on high volumes of transactions is already in use at major institutions including the New York Clearing House and DTCC. Similar to its work with SWIFT members, in which high-volume financial communications traffic is analyzed and investigated, Norkom’s technology gives both automated clearing houses and their member banks the ability to identify and interdict suspicious transactions in near-real time.
“We are very much looking forward our participation at this important conference. Norkom has a lengthy track record of helping clients address many of the problems and issues on the agenda, such as corporate identity theft, ACH reporting, risk management, and e-fraud,” said Joseph Friscia, general manager and EVP of Norkom’s business in the Americas. “I know that Norkom’s presence will provide NACHA attendees with an opportunity to discuss their needs for scalable financial crime solutions with an industry leader.”
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 and customer due diligence to enterprise investigation of all types of fraud.
Norkom’s software has been described as an “effective enterprise wide financial crime management solution” by Gartner. 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 Product” in the Banking Technology Awards.
To schedule an interview or briefing at NACHA, or to arrange for a demo at Booth 107, email Cathy Ly at cathy.ly@norkom.com or call her at 617-235-8827.
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 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 cost information technology.
Norkom serves clients in over 100 countries, including HSBC, Credit Agricole, Fortis, Rabobank, Standard Chartered Bank, Washington Mutual and Western Union.
Norkom Technologies
Chris Belthoff, +353 85 121 9414
VP of Marketing
chris.belthoff@norkom.com
or
Graber Associates LLC
Ray Graber, +1-781-221-0018
ray@graberassociates.net
