Norkom to Showcase Latest Award-Winning Solutions at Money Laundering Alert 13th International Show

Norkom Technologies, the leading provider of financial crime and compliance software to the global financial services industry, today announced that it will be an exhibitor and platinum sponsor at the Money Laundering Alert 13th Annual International Conference at the Westin Diplomat Resort & Spa in Hollywood, Florida March 17-19, 2008.

Norkom, in Booth 300-302 at the popular and prestigious gathering, will be demonstrating its latest generation of solutions including the recently updated version of its market-leading Enterprise Investigation Management (EIM) solution. An enterprise-level approach that tracks and manages all financial crime events across an institution—from any source or region — EIM gives users the information they need for early detection and the tools required for fast, decisive action.

The research report Securing the Future Against Financial Crime: Enterprise Wide Financial Crime Management and Beyond, published in January 2008 by Datamonitor and Norkom, revealed a strong market trend toward enterprise-wide, risk-based approaches to financial crime prevention and away from single-issue, “point” solutions. This trend is particularly noticeable among leading “Tier One” financial services institutions, according to Joe Friscia, general manager and EVP of Norkom’s business in the Americas.

“The market is telling us that detection is only the first step in prevention of fraud and money laundering. The leading banks know that they have to investigate cases efficiently as well. To do that they need an enterprise-wide platform like Norkom’s that automates the investigation rapidly and with a high degree of intelligence, gathering data from multiple sources and silos, sifting through it quickly, and identifying links and patterns that would otherwise go undetected,” explained Friscia.

“Norkom is proud to be a sponsor and exhibitor at the MLA Conference for the third consecutive year. We’re looking forward to showing our enhanced financial crime and compliance software offerings to the more than 1,500 professionals and officials who’ll be attending from over 60 nations,” he continued, pointing out that Norkom will also be hosting the conference’s luncheon gathering on Tuesday, March 18. Journalists and industry analysts who would like to schedule an interview or briefing with Norkom experts should contact Ray Graber by email at ray@graberassociates.net or phone at +1 781-221-0018. To arrange for a demonstration of Norkom’s sophisticated software suite at Booth 300-302, contact Cathy Ly by email at cathy.ly@norkom.com or by phone at +1 617-235-8827.