May 10, 2007 - Leuven, Belgium - Delta Lloyd Bank (Belgium) has selected market-leading software from Norkom Technologies to strengthen its defences against financial crime and enhance its compliance with strict anti-money laundering (AML) regulations.

Delta Lloyd Bank (Belgium), which provides banking and insurance to customers in Belgium, will use Norkom’s anti-money laundering and watch list management software to detect, investigate, manage and report suspicious activity across all customers, accounts and transactions.

The software will also screen all transactions against industry watch lists to guard against business being carried out with high risk entities such as known terrorists, criminals and politically exposed people.

In addition to improving detection of suspicious activity using best-in-class analytics, the software’s step by step investigation workflows and comprehensive alert and case management capabilities will deliver greater efficiency to the investigation process significantly reducing costs and improving productivity.

Vic Moeyersoons, Communication Manager at Delta Lloyd Bank (Belgium), commented: “Our decision to deploy Norkom’s software is a logical progression of our existing strategy to ensure we have the best protection against money laundering and terrorist financing. We are impressed with the flexibility and scalability of the software and are confident that it will meet our objectives by generating accurate alerts and enabling swift but effective investigation.”

Acclaimed as global market leader following extensive AML vendor research by the international analyst group Celent, Norkom’s AML solution forms part of its financial crime software suite which is underpinned by a common technology platform enabling clients to detect and investigate multiple types of crime. This provides the infrastructure required for an end-to-end financial crime strategy and reduces the total cost of ownership, protecting clients from the need for large-scale technology investments with every new type of regulation or crime.

The contract with Delta Lloyd Bank (Belgium) builds on Norkom Technologies’ expanding blue chip client base, which includes leading financial services organizations such as HSBC, Credit Agricole, KBC Bank, Fortis Bank, Travelex, Bank of Montreal, Rabobank, The New York Clearing House, Standard Chartered Bank, Visa, Natixis, Erste Bank and National Australia Bank Group.

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