Boston, Mass. — Norkom Technologies Ltd. was named “Vendor of the Year” in the sixth annual Achievement in Regulatory Compliance Awards given by Compliance Reporter, a publication of Institutional Investor News.

Norkom, an Ireland-based provider of financial crime and compliance software for the global financial services industry, received strong support from both its clients and the readers of Compliance Reporter in this year's balloting. The Norkom approaches to dealing with money laundering, fraud and risk management were all factors in the decision. Compliance Reporter cited Depository Trust and Clearing Corp.'s choice of Norkom for an effective way to track and analyze suspicious transactions, and it also noted AXA Financial's selection of Norkom's enterprisewide system of risk management.

"We're very pleased and honored that our clients and the staff and readers of Compliance Reporter have seen fit to place Norkom at the head of the 2008 field of compliance vendors," says Joe Friscia, VP and GM for Norkom in North America.

"Intelligent automation of the entire process is key to remaining in compliance and to saving money through fraud prevention," Friscia says. "You've got to sift, analyze and uncover connections between and among vast numbers of data points and bits of information, and that's what our solutions do exceptionally well. The banks and companies that are most effective at this have evolved beyond mere alerts and detection to the rapid investigation and strong case management that our solutions provide."

Source: Norkom Technologies Ltd.

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