20 October 2008 – Boston, MA – Norkom Technologies, a leader in financial crime and compliance solutions, today announced an innovative new program for financial organizations: the Norkom Case Management Conversion Practice (CMCP).

The announcement came during Norkom’s participation (Booth 209) at the Bank Administration Institute (BAI) Combating Payments Fraud Conference at the Gaylord National Resort and Convention Center in Washington DC, October 20-22.

Developed through extensive experience with clients and partners, Norkom’s CMCP enables users of legacy Fraud and Anti-Money Laundering (AML) case management systems to migrate to Norkom’s Enterprise Investigation Management (EIM) solution via a fast, easy and cost-effective replacement process. The practice provides a low-risk approach to transition to the advanced, flexible EIM solution, offering numerous advantages including:

• Full support for multiple levels of domains and organizations, allowing distinct workflows and processes for Fraud, AML, and Corporate Security functions, while still integrating these across the enterprise on a single platform
• Proven improvements in investigator productivity, with recent CMCP clients achieving cost reductions of up to 30%
• Integrated SAR eFiling, further improving investigation efficiency and productivity Financial Control and Loss Recovery functions to minimize loss and financial risk
• Once a conversion is complete, EIM provides an organization with the agility to manage new fraud threats and can be easily configured to keep in line with increasing regulatory demands, keeping the organization ahead of the curve with combating financial crime.

“The world of financial crime has changed dramatically over the past several years and the future only holds more complex fraud and compliance challenges” said Joe Friscia, general manager and EVP of Norkom’s business in the Americas. “Many existing case management systems financial organizations have in place are outdated, expensive to maintain and cannot be adapted to handle the emerging multi-channel threats and regulatory demands of the modern banking world. Norkom’s CMCP offering gives financial organizations the ability to adopt a proven, best-in-class solution with minimal risk and cost – a solution which not only improves current investigation procedures for AML and Fraud but can also easily be applied to successfully deal with new threats and business challenges such as bank mergers and acquisitions”.

Norkom experts will be present at the BAI Conference to discuss CMCP and demonstrate the company’s acclaimed Enterprise Investigation Management solution. EIM tracks and manages all risks — from any source or region — and delivers the information users need for early detection of criminal behavior and the tools for fast, decisive action.

Over 100 financial institutions around the world depend on Norkom for protection against financial losses and damaged reputations as well as for improvements in operational efficiency. Norkom’s solutions can be scaled and customized to meet clients’ current and future needs – from anti-money laundering, online payments, and customer due diligence to enterprise detection and investigation of all types of fraud.

Norkom’s software has won a number of accolades including “Best Technology Solution” in Complinet’s 2007 compliance awards; “Number One for AML and Fraud” in OpRisk & Compliance magazine’s software rankings survey; “Vendor of the Year” by Institutional Investor News ARC Awards, and “Best AML Solution” in the Banking Technology Awards.

To schedule an interview or briefing at the BAI conference, contact Chris Belthoff at chris.belthoff@norkom.com or 617-235-8831.

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