Norkom
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Norkom Technologies provides financial crime and compliance software to the global financial services industry. Norkom was founded in 1998 in Ireland by Paul Kerley & now also operates in the North America, continental Europe, the United Kingdom, and the Asia Pacific region. Norkom's products combat areas of financial crime including money laundering, fraud, and terrorist financing.
Norkom's approach enables organisations to take intelligent action, control their defences and evolve their strategies against financial crime. By combining the unique financial crime and compliance technology platform with deep domain expertise and extensive client experience, it offers a comprehensive set of solutions which can be scaled and customized to meet current and future needs – from anti-money laundering and customer due diligence to enterprise investigation of all types of fraud. Its solutions are proven to reduce financial losses, protect reputation, improve operational efficiencies and lower the total cost of ownership.
In June 2006 Norkom became a publicly quoted company on the Irish Stock Exchange IEX market and the London Stock Exchange AIM market. Norkom's clients include four of the world's top seven banks. A selection of clients include HSBC, Crédit Agricole, DTCC, Standard Chartered Bank, Western Union, AXA and Bank of Montreal.
Norkom has been recognized as a global market leader and its software has been described as ‘outclassing our competitors’ by the analyst group, Celent, recognized as ‘The Best Technology Solution’ in Complinet’s compliance awards and the number one for AML and fraud in the OpRisk & Compliance software rankings.
On 31 July 2007 Norkom acquired Digital Harbor to build upon its client base in North America and to accelerate development of its products to address financial crime. The industry analysts Gartner stated: “The anti-money-laundering and fraud detection market is consolidating. The Norkom Group’s purchase of Digital Harbor blends two small but strong vendors into an effective enterprise-wide financial crime management solution.”
On 13 November 2007 the company announced its interim results to 30 September 2007, reporting a 53% increase in revenue and a 50% improvement in EBITDA.
