COMPLIANCE AND FRAUD SCREENING TECHNOLOGY
Norkom Technologies, Boston, launched its Norkom Watch List Smart Update, a new analytic process designed to drive down false positive rates in the detection of financial crime, resulting in significant cost and time savings for leading financial institutions without increasing the risks of missing an important match.
The next generation of Norkom's innovative List Fingerprinting technology, Norkom Smart Update monitors every change in information provided in a watch list update, or even potentially client data, reducing investigation effort without sacrificing match quality, the company says. It also eliminates the need for a financial institution to build large exclusion lists, or "whitelists," reducing investigator effort and minimizing the threat that a high-risk individual could be removed from the screening process by accident.
CLOUD-BASED INFORMATION GOVERNANCE
CA Inc., Islandia, N.Y., and Acxiom Corp., Little Rock, Ark., partnered to deliver enterprise-class, on-demand information governance solutions, combining CA's capabilities with Acxiom's IT platform.
Together, the companies are positioned to take advantage of a growing market with their cloud-based, hosted solution. Worldwide cloud services revenue is on pace to surpass $56.3 billion in 2009, according to a Gartner Inc. report. The market is expected to reach $150.1 billion by 2013.
The solution offers an alternative to on-premise software deployments, providing a single portal view to better manage e-mail, archiving, litigation hold, search, records declaration, retention and disposition, according to a company release. Additionally, it enables users to conduct e-discovery tasks directly from their desktops without a service-provider intermediary.
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