A Comprehensive, Configurable Platform

Norkom’s technology sets us apart. Our comprehensive and configurable platform enables us to deliver, at speed, sector-specific products that keep pace with evolving criminal activity and the ever-changing regulatory framework.

Norkom's technology platform consists of a data model and a repository that captures and maintains information; a profiling, detection scenario and analytics engine that pinpoints suspicious behavior; a configuration engine that allows end users to tailor our products to their needs; an alerts engine and case management function that delivers the needed information to your investigative teams; and a workflow engine that streamlines the investigative and other business processes. 

Innovative, Sophisticated and Advanced Analytics

• Behavioral Profiling of multiple entities, transactions and non-financial events in both batch & real-time scenarios, and in large volumes, is essential to understanding and identifying behavioral patterns  (e.g. IP, counterparty and address profiling)
• Peer Group Segmentation to create different groups and segments with levels of granularity so a single rule can support multiple outcomes
• Champion/Challenger to allow users to compare two models in live production.

Predictive Modeling

• Unique Profiling and Predictive Modeling allows for the combination of real-time data, batch data and behavioral patterns to develop robust profiles, which has been empirically proven to more adequately predict behavioral patterns than data alone
• Selective/Transparent Detection (aka white-box) provides you with clear visibility to understand and manage your risk by allowing users to perform data mining and custom models that outperform the industry average 
• Drift Detection Technology shows changes in the accuracy of the prediction against current (evolving) data, which is essential in fast-moving fraud typologies to maintain accuracy.

Empowering and Flexible

• Multi-channel approach which leverages information across silos to assess risk
• Single platform for easy management of multiple risk functions across multiple organizations and domains
• Configurator enables partners and other validated third parties to configure elements of our products to suit their unique business needs, e.g. screen layout, workflows, user access, permission rights, detection scenarios and profiles
• SOA Architecture provides a superior approach to integrating data and services
• Data Acquisition, Model and Repository allows access to data from any source system, coupled with pre-packaged data models designed specifically for the needs of different financial services sectors
• Profiling Engine creates profiles based on peer group analysis, behavioral analysis and risk analysis to improve the art of detection
• Workflow Engine configures workflows of financial crime and compliance business processes into Norkom's platform, ensuring that correct processes are followed throughout the organization
• Alerts Engine and Case Management delivers prioritized alerts, pre-populated with all necessary information, directly to investigators’ desktops for investigation and end-to-end management of cases.