June 22, 2005 - Les Echos

Luc Philips, director of KBC Group NV, one of the ten European leaders of the financial services, with a stock exchange capitalization of 21 billion euros, was appointed director not-executive with the board of directors of Norkom Technologies.

Luc brings to the council his knowledge and his experiment of the industry of the financial services where it occupied various administrative duties, including the post of managing director of Almanij and director of KBC Group, KBC Bank and KB Luxembourg of which it chairs the Committee of audit.

November 30, 2005 - Les Echos

The Baloise group is automating its fight against financial crime. The software of Norkom will make it possible to supervise the customers, new and existing, of the assurance group by examining lists of surveillance established by the authorities of regulation to fight money laundering and the financing of terrorist activities.

While controlling each transaction of the insurance company, they will immediately identify the transactions likely to imply private individuals, organizations or countries considered "high-risk". The 3rd directive EU 2005, as well as the instructions published by the GAFI (Financial Action Group), oblige the companies assurances to reinforce their defenses against money laundering and the financing of terrorism.

November 30, 2005 - Silicon Republic

Dublin software firm Norkom Technologies has enabled Swiss insurance player Baloise Group to become the first European life and general insurance provider to introduce automation in its fight against financial crime.

The Norkom software will be used to monitor the insurer’s existing and new customers against ‘watch lists’ established by the regulatory authorities to prevent money laundering and terrorist financing.

November 24, 2005 - Banking Technology

Belgian-based KBC Bank has deployed the financial crime suite from Irish operational risk management firm Norkom Technology to fight fraud.

Previously, KBC was using Excel spreadsheets and rudimentary manual systems to manage its compliance operations, which depended mainly upon the observations of branch staff to spot unusual activity.

November 22, 2005 - Computer Business Review

Belgian-based KBC Bank is extending its use of Norkom Technologies' financial crime software suite in order to fight fraud. A user of Norkom's AML solution since 2002 - technology that automates its anti-money laundering (AML) activities - KBC will use the same technology in its fight against fraud. In doing so it is signalling a new trend that is fast gaining ground as companies recognize the advantages of combining their compliance management and financial crime prevention activities.