November 29, 2007 - Dublin, Ireland - Norkom has been named “best AML solution” for the financial services industry at Banking Technology’s inaugural Readers’ Choice Awards. Norkom was selected based on its share of votes from among Banking Technology’s 11,000 strong global readership.

Paul Kerley, Norkom’s CEO, comments: “We’re particularly proud because this accolade comes directly from the financial service community – individuals that are working everyday at the coalface to protect their organisations and customers. We believe this success reflects widespread industry support for our approach, which has been to raise the game in financial crime management by addressing the money laundering challenge within the context of an overall financial crime and compliance strategy that can be applied across the enterprise to tackle all kinds of financial crime.”

The award was presented to Norkom during a ceremony at London’s Grosvenor House Hotel on Thursday 22 November 2007.

Reflecting on Norkom’s success Banking Technology’s editor, David Bannister, said: “The important thing about the Readers’ Choice awards is that we ourselves made no suggestions or recommendations – that means winners like Norkom can be sure they were actively voted for by the financial services community. With almost 1,000 votes cast, Norkom can be confident they have a solid level of support in the market.”

The Banking Technology Readers’ Choice Awards have been created to recognise the fact that financial institutions are increasingly looking to independent software providers in search of solutions to a range of issues that would once have meant an expensive bespoke requirement.

This year, for the first time, readers were asked to vote for the best solutions in a range of categories, including AML. “Our winners can be justifiably proud that their products and services are known and recognised in the wider market,” says David Bannister. “I congratulate them all.”

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