Norkom reports €15m sales with Alchemist software


28 May 2004

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Dublin risk management software player Norkom claimed this morning that it has notched up sales of €15m within a mere six months. The company’s latest contract win is with the European arm of financial services player National Australia Group.

The deal to deploy its flagship Alchemist risk management software with National Australia Group follows a raft of similar deals in the past six months with companies like AIB, HSBC and the Bank of Montreal.

Alchemist allows financial services firms to improve their defences against all types of risk including credit and debit card fraud, money laundering, operational risk and other financial crimes.

Norkom CEO Paul Kerley commented: “This deal represents another endorsement of Norkom’s strategy from a world leading financial institution. National Australia Bank is recognised as a world leader in the financial services sector.”

National Australia Group has assets of over £162bn sterling, more than 8 million banking and 2.8 million wealth management customers globally and is ranked one of the world’s eight biggest banks in the world in terms of revenue. Members of its group include Clydesdale Bank, Yorkshire Bank, Northern Bank and National Irish Bank.

By John Kennedy