Norkom Technologies Tops the World
Norkom Technologies, a leading provider of financial crime and compliance software, has been placed on the prestigious FinTech 100 for the first time.
An annual international listing of the top vertical technology vendors that derive more than one third of their revenue from the financial services industry, the FinTech 100 is published by American Banker and Financial Insights, an IDC company.
Norkom, which last week was named winner in the Best Anti-Money Laundering (AML) solutions category of the Annual Banking Technology Readers’ Choice Awards, ranks 95th on the FinTech 100 for 2008.
Established in 1998, Norkom Technologies enables financial organizations to take intelligent action, control defenses, and evolve strategies against fraud, money laundering, and other types of financial crime. Norkom serves clients in over 100 countries, including HSBC, Credit Agricole, DnB NOR, Erste, Fortis, Rabobank, Standard Chartered Bank, Swedbank and Union Bank of California.
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 information technology.
Norkom CEO Paul Kerley (pictured above) cited several accomplishments that contributed to his company’s strong revenue growth and expanding market share, including:
- Ten new clients during the last six months, including three of the world’s largest banks
- A partnership with IBM to deliver new financial crime and compliance (FCC) software solutions
- Establishment of the company’s relationship with Dubai Islamic Bank, Norkom’s first client in the Middle East
- Announcement of pre-packaged compliance solutions for Newcastle Permanent Building Society in Australia, signifying the company’s entry to the market segment that serves smaller financial institutions
- Strengthening global coverage through a 250 percent revenue increase, to €4.6m, in the Asia/Pacific region
Kerley concluded “This FinTech 100 ranking is a milestone for Norkom. It is a clear signal to all that we are here to stay – through our addition of new clients, our entry to new markets, and our strengthening and expanding of existing relationships throughout the world.”
More About Norkom Technologies www.norkom.com
For more information about the rankings, visit www.financial-insights.com/fintech
To view the FinTech Special report www.AmericanBanker.com/fintech100
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