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Financial Crime and Compliance Software Solutions

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Financial crime costs an estimated $19 billion in losses annually. Operating costs related to regulatory compliance have been growing at a 43% pace year-on-year.  Throughout the financial services industry, institutions are constantly grappling with how to limit fraud-related losses and lower the cost of compliance.

Norkom’s financial crime and compliance software solutions enable banks to fight financial crime and meet the most stringent demands of regulators – all under a single investment framework. Our clients in over 100 countries across four continents testify to:

  • Decreased fraud losses
  • Improved investigation efficiency and case management
  • Increased accuracy of detection
  • Lowered capital expenditure and support costs
  • Reduced risk of  sanctions and fines by regulators

Our software platform is highly flexible and scalable. We address every aspect of financial crime and compliance - from customer onboarding to money laundering to fraud - and we serve every sector in the industry - from banking to insurance. Norkom solutions target all critical areas of financial crime including Anti-Money Laundering, Customer Due Diligence (CDD) / Know Your Customer (KYC), Multi-Channel Fraud including Online Fraud and Card Fraud, Sanctions, PEP & 314(a) Screening and Transaction & Payment Filtering.

 

Each solution can operate independently - to solve an immediate business concern like money laundering or sanctions filtering - or as part of an integrated approach employing several elements of our software suite. We protect clients from the need for large-scale technology investments every time there is a new regulation from authorities or new attacks from the criminals. Our unique and scalable technology platform monitors and analyzes - in real-time - every transaction by every customer, across every account and every channel, to detect and stop suspicious behavior.

 

Norkom's flexible platform enables clients to update their financial crime strategy and keep pace with changes in their business and industry. We are 100% focused on financial crime and compliance. Our subject area expertise and international experience complement our technology, delivering solid business value and a clear and measurable ROI.