DUBLIN--(BUSINESS WIRE)--Norkom Technologies has been voted the world’s No. 1 provider of anti-fraud solutions for the second time in the annual compliance software survey by the readers of OpRisk & Compliance, one of the industry’s most respected publications.

Conducted among leading financial institutions across North America, Europe and Asia, Norkom is the only financial crime and compliance software vendor to achieve top ranking for the anti-fraud category twice in the survey’s three-year history.

Liam Griffin, Norkom’s Chief Commercial Officer, said, “It’s a great honor to be voted the best anti-fraud solution by leading financial organizations but it’s an even greater honor to be the only software vendor in the financial crime and compliance marketplace to achieve this ranking twice”.

“We are seeing an increase in fraudulent attacks on financial institutions across multiple channels,” explains Griffin. “This has prompted widespread concerns in relation to consumer protection, which is expected to drive legislation that will further impact on financial institutions. The pressure is now on financial institutions to bolster their defenses against fraud in an effort to manage the financial and reputational risk associated with fraud. The results of the OpRisk & Compliance annual compliance software rankings clearly illustrate that confidence in Norkom’s anti-fraud solutions is the highest in the market”.

As an example of how organizations are dealing with this issue, Norkom recently announced that The Co-operative Financial Service has deployed Norkom’s Multi-Channel Fraud solution across its entire UK operations to enhance its financial crime management capabilities in a Faster Payments environment. This solution enables financial institutions to manage and contain incidences of fraud perpetrated across business units and channels, such as card fraud, online fraud, internal fraud, payments fraud and identity theft.

The OpRisk & Compliance ranking is the latest accolade Norkom has received over recent months. The company’s Enterprise Fraud Management (EFM) capabilities were rated ‘Excellent’ by Gartner and its market-leading position was further endorsed earlier this year by Chartis Research, which ranked Norkom as the No. 1 vendor in the financial crime management software marketplace. Other accolades include “Best AML Product” in Banking Technology’s Readers’ Choice Awards for 2008 and 2007 and “Vendor of the Year” in 2008.

Click here to read the OpRisk & Compliance article, All in One, discussing the rankings and winners.

About the Survey

The annual compliance software rankings were compiled from a survey conducted in April 2009 by OpRisk & Compliance magazine, which was submitted to over 6,000 of the publication’s readers globally and promoted through the OR&C ‘Linked In’ group online. Respondents were asked to rank their top five companies across eight categories. The results were compiled by Incisive Research, a subsidiary of Incisive Media.

About Norkom Technologies (www.norkom.com)

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 of information technology.