Norkom Software Extends Leading Financial Crime Solution with Next Generation Version of Enterprise Investigation Manager

    BOSTON, Feb. 5 /CNW/ - Norkom Technologies announces the next generation
of its market leading Enterprise Investigation Manager (EIM) solution,
providing enhanced detection, investigation and intelligence capabilities
which enable institutions to command and control their defences against
financial crime.
    EIM is an enterprise-level solution that tracks and manages all financial
crime events across an institution - from any source - and provides the
information and tools needed for early detection and decisive action. EIM
intelligently links Fraud, Anti-money Laundering (AML), Know Your
Customer/Customer Due Diligence (KYC/CDD) and Corporate Security incidents
with related internal and external data to provide a complete picture of risk
and improve the efficiency and effectiveness of investigation and resolution
of criminal activity.
    Recent research conducted by Datamonitor and Norkom amongst leading tier
one financial service institutions revealed that the majority are embracing an
enterprise-wide risk based approach to financial crime management, with more
than half having consolidated their AML and fraud prevention operations across
the enterprise, and almost half establishing Financial Intelligence Units.
Such initiatives can only be successful with the right choice of Financial
Crime and Compliance technology platform.
    "Norkom's EIM solution has recently been embraced by two top U.S. banking
organizations and a major card issuer, joining our extensive client family
which already includes six of the top 10 worldwide banks as ranked by
shareholder equity," says Norkom's CEO, Paul Kerley. "These clients have told
us what's critical - what other solutions fail to do."
    "Financial organizations need much more than workflow tools - they need a
solution with embedded domain expertise that not only aggregates critical
information but also intelligently correlates that data and provides a rich
environment to rapidly reach decisions during all phases of the lifecycle -
from establishing the initial relationship with a client or employee, through
holistic ongoing assessment of risk during the relationship, to taking any
action necessary should suspicious activity be discovered. The newest release
of EIM from Norkom provides all the necessary elements to accomplish this."
    "In addition, effectively combating financial crime requires a solution
that can be quickly deployed within an existing infrastructure, without
sacrificing the ability to personalize and evolve the system moving forward.
Norkom provides a comprehensive Reference Configuration, based on years of
experience with over 50 of the world's largest financial organizations, which
enables rapid implementation of EIM with minimal effort. This makes EIM an
ideal choice for organizations looking to quickly replace in-house or legacy
case management tools such as ICMS, while still offering the flexibility to be
expanded to additional areas of financial crime in the future."
    The current version of EIM is already in use at some of the world's
largest financial organizations, providing comprehensive correlation of alerts
and incidents from multiple sources, improved investigation processes and
regulatory filings, and enhanced visibility of fraud activity. The latest EIM
upgrade adds extensive capabilities to meet the demanding needs of financial
organizations for managing enterprise-wide financial crime and compliance
activities. New features span all 3 elements of the EIM solution (Enterprise
Interrogator, Enterprise Investigator, and Command and Control) that work
together to provide a full, end-to-end platform for managing financial crime:

    New capabilities include:

    -  A broad Services Framework, providing rapid integration with data
       sources such as existing detection engines via a Service-Oriented
       Architecture (SOA) approach
    -  Powerful fuzzy matching analytics that automatically uncover subtle
       relationships across clients, accounts, and suspicious activity
    -  Enhanced capabilities in Composite Scoring, using a central alert hub,
       to consolidate, standardize, pre-link and risk score alerts and cases
       from multiple data sources
    -  Enhanced Loss Management and Case Financials, offering a complete
       financial picture associated with an incident, case, customer, or work
       queue through the full case lifecycle.
    -  Enriched Data Model, supporting a more efficient case drill-down
    -  Predefined Command and Control channels for AML, Fraud, and KYC/CDD,
       each with its own standard set of key performance indicators (KPIs).

    Availability: general availability of the newest release of EIM is
    planned for spring 2008.

    Notes for Editors

    Norkom Technologies

    Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) is a market-leading
provider of innovative financial crime and compliance solutions to the global
financial services industry.
    We enable organizations to take intelligent action, control their
defences and evolve their strategies against financial crime. By combining our
unique financial crime and compliance technology platform with our deep domain
expertize and extensive client experience, we offer 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.
    Used by clients in over 100 countries, including HSBC, Credit Agricole,
Fortis, Rabobank, Standard Chartered Bank, Washington Mutual and Western
Union, Norkom is proven to reduce financial losses, protect reputation,
improve operational efficiencies and lower the total cost of ownership. Norkom
has operations across North America, Asia Pacific and Europe.
    Norkom's software has been described as 'outclassing our competitors' by
the analyst group, Celent, and as an 'effective enterprise wide financial
crime management solution' by Gartner. Norkom was also recognized as 'The Best
Technology Solution' in Complinet's 2007 compliance awards, the number one for
AML and fraud in the OpRisk & Compliance magazine's software rankings survey
and 'Best Product' in the Banking Technology Awards.

    To find out more, visit

For further information:

For further information: US Media contact: Chris Belthoff, VP of
Marketing, Norkom Technologies, Tel: +353-85-121-9414,

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