October 1, 2003 - Boston, USA - Norkom Technologies - specialists in Risk Management solutions for the Financial Services Industry, - has signed a $10 million software deal with Bank Of Montreal Financial Group (BMO), one of the leading financial services organizations in North America.

This new deal follows on from an existing contract Norkom has with BMO for its solutions which are currently being used across BMO's operations in Canada and the USA. Under the new deal the solutions will be further developed and enhanced as part of a joint program between Norkom and BMO.

"As a result of opportunities and threats arising from market pressure and changes in the statutory and regulatory environment, we are seeing a great demand for our Risk Management solutions," said Liam Griffin, SVP Sales, Norkom Technologies. “The proactive detection, prevention and management of financial crime is an area that has moved to the "top of mind" of all leading FSI organizations”.

Norkom’s solutions allows the Financial Services Institutions to improve their defenses against all types of risk including credit and debit card fraud, money laundering, operational risk and other types of financial crime.

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