Dublin, Ireland and Boston, United States
Norkom Technologies today announced that Gartner, Inc. has rated Norkom's Enterprise Fraud Management (EFM) capabilities "Excellent" in its August 2008 report, Critical Capabilities for Enterprise Fraud Management Tools. The report is available, compliments of Norkom, at http://www.norkom.com/contentmgr/showdetails.php/id/1207 .
Authored by Gartner's Avivah Litan, the report compares EFM vendors across a range of critical capabilities. It assigns an overall product viability rating by evaluating those capabilities against the use cases of Employee Monitoring, Account Monitoring and Umbrella Fraud Management.
In the report's Recommendations section, Litan states "If you can't achieve an enterprisewide strategy and architecture, then focus on meeting the needs of your immediate use cases, but keep an eye on integrating results from disparate systems into an umbrella fraud management system that provides analytics and case management."
"We're delighted that Gartner has rated our company and its capabilities in enterprise fraud management as 'Excellent'" said Norkom Chief Executive Officer Paul Kerley. "In our opinion, this evaluation supports our confidence that Norkom's technology and market strategy - to create a software suite aimed at preventing multiple types of financial crime, for today and tomorrow - are perfectly aligned with needs and expectations of the market.
Norkom's fraud management solutions form part of its fully integrated financial crime software suite. This umbrella management system is underpinned by a common technology platform that enables clients to detect multiple types of financial crime - from money laundering to all types of fraud.
About the Critical Capabilities Report
The Critical Capabilities report is copyrighted August 13, 2008 by Gartner, Inc. and is reused with permission. The Critical Capabilities report is a comparative analysis which scores competing products against a set of critical differentiators identified by Gartner. Gartner does not endorse any vendor, product or service depicted in the Critical Capabilities report, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Norkom Technologies (www.norkom.com)
Established in 1998, Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial organizations to take intelligent action, control defenses, and evolve strategies against fraud, money laundering, and other types of financial crime. 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 serves clients in over 100 countries, including HSBC, Credit Agricole, DnB NOR, Erste, Fortis, Rabobank, Standard Chartered Bank, Swedbank, Union Bank of California and Washington Mutual.
Source: Business Wire (Business Wire India)