Vienna, Austria — Norkom Technologies, Dublin, Ireland, announced it is partnering with IBM, Armonk, N.Y., to deliver new financial crime and compliance (FCC) software solutions to financial institutions.

The solutions will combine IBM's Global Business Services and Norkom's FCC software. Under the terms of the agreement, which spans software development, marketing and sales, both organizations have committed to develop new solutions to help meet client needs. To fuel this development, the two companies already have aligned research and development around the IBM InfoSphere Entity Analytic Solutions (EAS) portfolio, including the IBM Relationship Resolution product.

"Working with IBM will enable us to further expand our global footprint and enter new markets and geographies through IBM's vast network of global relationships,” says Paul Kerley, CEO of Norkom Technologies. “But the real winners will be our current and future clients within the global financial services sector. Together with IBM, Norkom will deliver solutions developed on leading-edge platforms, which will help financial organizations comply quickly and affordably with regulatory requirements, and defend against operational and reputation risk and loss posed by external and internal financial attacks."

"Our customers face monumental challenges for evolving risk management requirements, and to defend against illegal activities," says June Felix, GM, global banking and financial markets, IBM. "Incremental, siloed investments are expensive and ineffective in dealing with the growth and sophistication of multi-channel threats. We are pleased to partner with Norkom to help customers better defend against attack efficiently and effectively across the enterprise."

Source: Norkom Technologies

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