Main

Combating Financial Crime

50%
50%

Financial fraud is increasing dramatically as criminals become more sophisticated and employ advanced techniques to attack financial institutions. Combating fraud—and detecting and resolving it quickly if it does occur—requires that financial institutions use a cradle-to-grave financial crime and compliance solution that addresses all aspects of fraud. When it comes to money laundering or other types of fraud, time is of the essence, and financial institutions need to act quickly to reduce losses and protect their reputations. Norkom Technologies’ Enterprise Financial Crime and Compliance Solutions mine raw transaction data, enrich the data, and analyze it for intelligent decision-making. Norkom’s global relationship with IBM provides the firm with marketing and services acumen as well as access to IBM technology such as IBM’s Entity Analytic Solutions which are embedded in Norkom’s financial crime application, explains Chris Belthoff, Vice President of Product Marketing for Norkom Technologies.

Comment  | 
Print  | 
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.