Norkom`s Anti-Fraud Solution Voted No. 1 in Global Marketplace

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Tue Jun 16, 2009 4:00am EDT

Norkom becomes the only vendor to secure top spot twice for anti-fraud in
ranking`s history
DUBLIN--(Business Wire)--
Norkom Technologies has been voted the world`s No. 1 provider of anti-fraud
solutions for the second time in the annual compliance software survey by the
readers of OpRisk & Compliance, one of the industry`s most respected
publications. 

Conducted among leading financial institutions across North America, Europe and
Asia, Norkom is the only financial crime and compliance software vendor to
achieve top ranking for the anti-fraud category twice in the survey`s three-year
history. 

Liam Griffin, Norkom`s Chief Commercial Officer, said, "It`s a great honor to be
voted the best anti-fraud solution by leading financial organizations but it`s
an even greater honor to be the only software vendor in the financial crime and
compliance marketplace to achieve this ranking twice". 

"We are seeing an increase in fraudulent attacks on financial institutions
across multiple channels," explains Griffin. "This has prompted widespread
concerns in relation to consumer protection, which is expected to drive
legislation that will further impact on financial institutions. The pressure is
now on financial institutions to bolster their defenses against fraud in an
effort to manage the financial and reputational risk associated with fraud. The
results of the OpRisk & Compliance annual compliance software rankings clearly
illustrate that confidence in Norkom`s anti-fraud solutions is the highest in
the market". 

As an example of how organizations are dealing with this issue, Norkom recently
announced that The Co-operative Financial Service has deployed Norkom`s
Multi-Channel Fraud solution across its entire UK operations to enhance its
financial crime management capabilities in a Faster Payments environment. This
solution enables financial institutions to manage and contain incidences of
fraud perpetrated across business units and channels, such as card fraud, online
fraud, internal fraud, payments fraud and identity theft. 

The OpRisk & Compliance ranking is the latest accolade Norkom has received over
recent months. The company`s Enterprise Fraud Management (EFM) capabilities were
rated `Excellent` by Gartner and its market-leading position was further
endorsed earlier this year by Chartis Research, which ranked Norkom as the No. 1
vendor in the financial crime management software marketplace. Other accolades
include "Best AML Product" in Banking Technology`s Readers` Choice Awards for
2008 and 2007 and "Vendor of the Year" in 2008. 

Click here to read the OpRisk & Compliance article, All in One, discussing the
rankings and winners. 

About the Survey

The annual compliance software rankings were compiled from a survey conducted in
April 2009 by OpRisk & Compliance magazine, which was submitted to over 6,000 of
the publication`s readers globally and promoted through the OR&C `Linked In`
group online. Respondents were asked to rank their top five companies across
eight categories. The results were compiled by Incisive Research, a subsidiary
of Incisive Media. 

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 of
information technology. 





Norkom Technologies
Fiona McLoughlin, +353 1 8739600
Marketing Manager
fiona.mcloughlin@norkom.com

Copyright Business Wire 2009

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