Norkom steps up fight against financial crime

21 Oct 2008220 Views

Norkom Technologies has introduced a new service that allows financial organisations to transition their legacy systems to fight financial crime.

The Norkom Case Management Conversion Practice (CMCP), enables financial organisations to smoothly transition their legacy systems for combating financial crime to its Enterprise Investigation Management (EIM) solution.

Norkom’s CMCP enables users of legacy Fraud and Anti-Money Laundering (AML) case management systems to migrate to Norkom’s EIM solution via a fast, easy, and cost-effective replacement process.

Following conversion, EIM provides an organisation with the agility to manage new fraud threats and can be easily configured to maintain compliance with increasing regulatory demands.

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“The world of financial crime has changed dramatically over the past several years, and the future only holds more complex fraud and compliance challenges,” said Joe Friscia, general manager and executive vice-president of Norkom’s business in the Americas.

“Many existing case management systems are outdated, expensive to maintain and cannot be adapted to handle the emerging multi-channel threats and regulatory demands of the modern banking world.

“Norkom’s CMCP offering gives financial organisations the ability to adopt a proven, best-in-class solution with minimal risk and cost – a solution which not only improves current investigation procedures for AML and Fraud, but can also easily be applied to successfully deal with new business challenges such as bank mergers and acquisitions,” Friscia said.

By John Kennedy

John Kennedy is an award-winning technology journalist who served as editor of Siliconrepublic.com for 17 years.

editorial@siliconrepublic.com