Norkom Technologies is to offer its market solutions to IBM System z clients, enabling financial institutions to run their regulatory compliance and fraud solutions on one cost-effective and integrated platform.
Many of the world’s top financial institutions run IBM System z. With Norkom’s anti-money laundering (AML) and multi-channel fraud solutions now available to them, these financial institutions can lower both the total cost of ownership and the costs of overall risk management through a more efficient use of resources.
Paul Kerley, CEO of Norkom, said: “By enabling our end-to-end financial crime and compliance solutions to support the IBM System z operating system, Norkom is committed to helping financial institutions capitalize on new z technologies, and safeguard and leverage their existing mainframe investments -in both hardware and personnel – in the fight against financial crime, whilst maintaining the performance, scalability and robustness they’ve come to expect from the mainframe.”
“It’s all about giving financial institutions more value for money – less costs, improved efficiencies and increased risk management.”
Karl Freund, vice president of strategy and marketing at IBM System z, said:“Technology is an essential component of building a smarter banking system. With an integrated platform to help prevent fraud, financial institutions can more easily fight financial crime and improve their bottom line.”
