April 20, 2005 - Dublin, Ireland - Erste Bank Group, the leading Central European financial services group which provides over 11.8 million customers with Banking, Investment, Loan and Insurance services has signed a contract in excess of €2 million to deploy Norkom Technologies financial crime software solutions across its central European business operations.

As the leading financial services provider in Central Europe, Erste Bank Group is committed to proactively protecting its business, shareholders and customers from the onslaught of financial crime, while being fully compliant with all EU and country specific legislations pertaining to the detection and prevention of these crimes.

To support this high level policy, Erste Bank Group has selected Norkom Technologies software, based on Norkom’s proven ability to provide a holistic approach to managing financial crime across financial service organizations. The software suite encompasses Anti Money Laundering applications, which will provide Erste Bank Group with the ability to effectively monitor, detect, investigate and report on suspicious activities or unusual behavior across all of its operating units and business lines.

“Erste Bank Group is committed to protecting its business, shareholders and customers in the fight against money laundering activities and financing terrorism. The Norkom solution enables us to adopt a fully integrated approach to how we manage the prevention of financial crime in our business in a state-of-the-art manner,” – explains Leopold Fetterle, Money Laundering Reporting Officer, Erste Bank Group.

Norkom Technologies will initially deploy its AML application in Erste Bank Group’s Czech subsidiary Ceská sporitelna and its Slovak company Slovenská sporitel’na. This will be followed by full deployment across all of the Group’s other business operations in Austria, Hungary, Croatia and the wider CEE.

This contract builds on Norkom Technologies blue clip client base, which includes leading financial services organizations such as KBC Bank (parent of CSOB), Euroclear, Travelex, New York Clearing House, HSBC Bank, Bank of Montreal Financial Group, Allied Irish Bank, Fortis Bank, National Australia Bank Group, and Rabobank.

“As a leading financial services organization Erste Bank Group is clearly showing the market and customers how committed it is to taking a proactive approach to managing financial crime. Today too many organizations focus solely on what they need to do to comply with regulations rather than adopting an approach that enables them to not only comply with regulations but make bottom line return for shareholders, customers and the business. We are delighted to be working with Erste Bank Group in its extensive prevention of financial crime” says Liam Griffin, Sales and Marketing Director, Norkom Technologies.

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