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Accuity and Norkom Collaborate to Offer Robust Compliance Solutions to Customers | Print |

accuityDublin, Ireland – January 7, 2009 – Accuity, the leading provider of payment routing data, AML screening software and services, and Norkom, the leading provider of financial crime and compliance software solutions to the global financial services industry, have joined forces to offer additional value to customers. Through a collaborative development effort, Norkom and Accuity have built the necessary points of integration making Accuity’s Global WatchList® compliance data fully functional within Norkom’s financial crime and compliance software suite.

 

This extensive range of compliance data is now easily deployable within the Norkom Sanctions & Politically Exposed Persons (PEP) Screening and Norkom Transaction Filtering solutions. These market leading solutions screen over one billion financial relationships daily, enabling financial institutions to comply with national and international regulations and protect their reputations in one adaptable solution.

 

 “The customers that we share with Norkom represent some of the largest financial institutions in Europe and the United States,” said Hugh Jones, President of Accuity. “By working with Norkom and making it easier for our customers to realize the full benefits of both of our firms’ industry-leading solutions, we have enabled better risk mitigation and increased the accuracy of detection for our clients.” “We are pleased to have worked with Accuity in making our offerings more compatible,” said Edward Doyle, Norkom’s Head of Payment Solutions. “Doing so allows us to continue offering our customers the flexibility and scalability necessary to limit fraud-related losses and lower the cost of compliance.”

 

Additional information about Global WatchList can be found of Accuity’s Web site, while information about Norkom’s solutions can be found online here. To learn more about the compliance solutions available from Accuity and Norkom, please contact Accuity’s Customer Service team  or request more information on Norkom’s Web site.

 

About Accuity

Accuity is the leading provider of global payment routing data, AML screening software and services that allow organizations, across multiple industries, to maximize efficiency and facilitate compliance of their transactions. As the Official Registrar of ABA Routing Numbers since 1911, Accuity maintains the most authoritative and comprehensive databases globally with a reputation built on the accuracy and quality of our data, products and services. For more than 150 years our worldwide clients, located in over 150 countries, include C-level executives, managers, and technology professionals. The solutions and services we provide are packaged in multiple formats to serve their diverse needs.

 

About Norkom Technologies

Established in 1998, Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial organizations to take intelligent action, control defenses and evolve strategies against fraud, money laundering and other types of financial crime. By combining a unique investigative technology platform with deep domain expertise, Norkom has established a solid track record of reducing financial losses, protecting users’ reputations, improving operational efficiencies, and lowering the cost of information technology.

Global WatchList is Accuity’s comprehensive collection of caution lists from all major sanctioning bodies, law enforcement agencies and financial regulators from around the world. In addition to lists that facilitate Enhanced Due Diligence (EDD) searches and screening for Politically Exposes Persons (PEPs), Global WatchList offers 100% coverage of regulatory sanctions lists for all countries worldwide.