Dublin, Ireland and Boston, United States
Norkom Technologies today announced that David Dixon has joined the company as Managing Director for Global Solutions. A pioneer in applying professional risk management disciplines to combating fraud in financial institutions, Dixon will lead Norkom's development and delivery of solutions that enable banks to deal with sophisticated fraud attacks that can strike at several levels of the bank and originate from multiple sources and regions.
Dixon joins Norkom after a year as Director of Fraud and AML Solutions in BearingPoint's financial services practice. Before that he spent ten years at Bank of Montreal, where he established and ran the bank's Fraud Containment Strategies Group. He also played a key role in developing and implementing the program that helped the bank fulfill its Basel II operational risk requirements. Prior to his tenure at Bank of Montreal, he spent three years with the global risk management practice at Ernst and Young.
"Financial institutions are facing a number of challenges in fraud and risk management," Dixon remarked. "We are now seeing global fraud, directed by organized crime groups, that has resulted in attacks at levels that we have never seen before. To combat this onslaught, managers have to be armed with correct and timely information and have the capability of reacting swiftly."
Dixon will work with customers throughout Norkom's global base of Tier One banks and financial institutions, assisting in the ongoing evolution of fraud and risk management strategies. He also anticipates extensive involvement with Norkom's engineers and product development teams to ensure that the company's technologies remain aligned with clients' evolving business requirements.
"We're very happy that David has joined Norkom," said Norkom's CEO Paul Kerley. "He is well known to many of our clients around the world and is recognized for his expertise in managing risk and combating fraud. He is a welcome addition to our already strong team of experts who are developing the next generation of strategies and programs that will enable banks to operate efficiently and safely in today's global economy while remaining in compliance with all applicable laws and regulations."
Dixon holds a bachelor's degree in economics from Laurentian University and a master's degree in economics and organizational development from McMaster University. A frequently sought speaker on operational risk, fraud risk management, and anti-money laundering strategies, his recent presentations have included:
-- "An Enterprise Approach to Financial Crime and Compliance," keynote address to Central European Financial Services Risk Management Session in Prague, 2007;
-- "Fighting Financial Crime," keynote to New York Risk Management Session, 2006; and
-- "Build an Infrastructure Strategy to Manage Fraud and Compliance Risk," address to Benelux Risk Management Session in Brussels, 2005.
Dixon will be the expert speaker at the Financial Times Fraud Conference at Brewery Lane, London, on June 12th, 2008. For more information, please email events@norkom.com.
NOTES FOR EDITORS
Norkom Technologies
Norkom Technologies (AIM: NORK.L, IEX: NORK.IE), with operations across North America, Europe, and the Asia/Pacific region, is a market-leading provider of innovative financial crime and compliance solutions to the global financial services industry.
Norkom enables organizations to take intelligent action, control defenses, and evolve strategies against financial crime. By combining a unique financial crime and compliance technology platform with deep domain expertise and extensive client experience, Norkom offers a comprehensive set of solutions which can be scaled and customized to meet clients' current and future needs - from anti-money laundering and customer due diligence to enterprise investigation of all types of fraud.
Serving clients in over 100 countries, including HSBC, Credit Agricole, Fortis, Rabobank, Standard Chartered Bank, Washington Mutual and Western Union, Norkom has a solid track record of reducing financial losses, protecting users' reputations, improving operational efficiencies, and lowering the total cost of ownership of information technology.
Source: Business Wire (Business Wire India)