Norkom Technologies Announces Its First Islamic Bank Customer

DUBLIN, Ireland--(Business Wire)--
Norkom Technologies, the leading provider of financial crime and
compliance solutions for the global financial services industry, has
today announced that it has won its first Islamic Bank customer, Dubai
Islamic Bank.

The deal with Dubai Islamic Bank, the world's first fully-fledged
Islamic Bank, marks Norkom's strategic foray into the Middle Eastern
financial services market. Under the terms of this agreement, Dubai
Islamic Bank will roll out Norkom's sophisticated suite of financial
crime and compliance solutions across its operations in the United
Arab Emirates and Pakistan.

With Norkom's advanced anti-money laundering software, Dubai
Islamic Bank will be able to monitor and analyse transactions and
customer interaction across its entire customer base to identify and
investigate suspicious and criminal behaviour. Through the use of
Norkom's superior matching techniques, the software will automatically
alert Dubai Islamic Bank if any entity attempting to transact with it
is listed on any of the industry's numerous and diverse watch lists,
enhancing the bank's defences and protect it from exposure to
sanctions and from inadvertently conducting business with known or
suspected criminals and terrorists.

In addition, Dubai Islamic Bank will benefit from Norkom's
customer due diligence solution which assigns risk ratings to
customers at the point of opening an account then continually
reassesses their behaviour and alerts bank investigators if unusual or
suspicious activity is detected.

Waheed Rathore, Head of Group Compliance at Dubai Islamic Bank,
commented: "This initiative demonstrates DIB's commitment to improve
its defences against money laundering and terrorist financing. It also
reflects DIB's belief that sustainable growth can only be achieved by
maintaining high standards of regulatory compliance. Norkom was a
natural selection for us not only for its proven technological and
international capability, but its excellent business acumen and
approach to cultivating close customer relationships."

Paul Kerley, Norkom's Chief Executive Officer, says, "We are
delighted to welcome Dubai Islamic Bank as our first Middle Eastern
and Islamic banking customer. Dubai Islamic Bank selected Norkom after
an extensive market review process, which included consultation with
existing Norkom clients. Norkom invests as much time and effort in
building close relationships with all its customers as it does in
developing the best-of-breed financial crime and compliance software
solutions. This deal represents a significant milestone for Norkom.
Having achieved market leadership in Europe, the Middle East is the
next logical step towards becoming a truly globalised provider of
financial crime and compliance solutions."

Voted Vendor of the Year 2008 by Compliance Reporter, Norkom is a
market-leading provider of innovative financial crime and compliance
solutions to the global financial services industry. Its software has
been described as 'outclassing its competitors' by the analyst group,
Celent, and was recognised as the 'Best AML Solution' in Banking
Technology's Readers' Choice Awards 2007, 'The Best Technology
Solution' in Complinet's 2007 compliance awards and was voted 'The
number one anti-fraud software' and 'The number one AML software' in
OpRisk & Compliance's 2007 software rankings survey.

About Dubai Islamic Bank (www.dib.ae)

Dubai Islamic Bank was incorporated in 1975 and is the world's
first fully fledged Islamic bank. It currently offers a wide range of
Sharia-compliant products and services, including retail, corporate
and investment banking. Dubai Islamic Bank is the world's leader in
Sukuk (asset-backed bonds) issuances, and has won several accolades
such as Best Islamic Bank and Best Islamic Finance Wealth Management
Firm.

About Norkom Technologies (www.norkom.com)

Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial
organisations to take intelligent action, control defences, 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, DnB Nor, Erste, Fortis, Rabobank, Standard Chartered
Bank, Swedbank and Washington Mutual.

Norkom Technologies
Fiona McLoughlin, +353 1 8739612
Marketing Manager
fiona.mcloughlin@norkom.com

Copyright Business Wire 2008