Norkom in 100 best list of world’s top financial software vendors

18 Nov 2008

Irish software firm Norkom has made it onto the FinTech 100 list of financial software firms, compiled by American Banker and IDC’s Financial Insights division.

Norkom, which last week was named winner in the Best Anti-Money Laundering (AML) solutions category of the Annual Banking Technology Readers’ Choice Awards, ranks 95th on the FinTech 100 for 2008.

Norkom CEO Paul Kerley said several accomplishments contributed to his company’s growth and heightened visibility, including landing 10 new clients in the past six months, three of which are the world’s largest banks.

The company, which makes software for fighting financial crime such as money laundering, also established a partnership with IBM.

Key deals also included a deal with Dubai Islamic Bank, Norkom’s first client in the Middle East, and pre-packaged compliance software for Newcastle Permanent Building Society in Australia.

Norkom also recorded a 250pc increase in revenues of €4.6m from the Asia-Pacific region.

Norkom, which was set up in 1998, is listed on the Dublin and London stock exchanges.

“This FinTech 100 ranking is a milestone for Norkom,” Kerley said.

“It is a clear signal to all that we are here to stay – through our addition of new clients, our entry to new markets and our strengthening and expanding of existing relationships throughout the world.”

By John Kennedy

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years