Norkom's Enterprise Fraud Management receives Positive Rating

Norkom Technologies announced that Gartner, Inc. has awarded a "Positive" rating to Norkom's Enterprise Fraud Management (EFM) solutions in its latest report, "MarketScope for Enterprise Fraud Management".

Authored by Gartner's Avivah Litan, the report compares EFM vendors across a range of evaluation criteria such as sales strategy, offering (product) strategy, innovation, product/service, overall viability, market responsiveness and track record and customer experience. Gartner defines EFM software as an application that supports detection, analytics and management of fraud across users, accounts, channels, products and other entities (e.g., kiosks).

"We estimate that this market will grow about 10-15% in 2009, despite the slowdown in the economy, mainly because large global financial institutions are investing heavily in EFM technology against a backdrop of increasingly frequent and sophisticated fraud attacks, and also due to a desire to consolidate fraud prevention and financial crime efforts across the enterprise", explains Litan. "Enterprise fraud management (EFM) saves users money by enabling operational efficiencies and by stopping losses from cross-channel, cross-account and/or cross-product fraud schemes", she concludes.

"We are absolutely delighted with our rating by Gartner," says Paul Kerley, CEO of Norkom Technologies. "We've worked really hard to help global financial institutions reduce their exposure to fraud by helping them contain their actual losses to fraud and prevent it from escalating through our leading link analysis point-of-compromise capabilities. As a result, we've created a loyal base of satisfied customers who, as a result of their Norkom experience with our experts and flexible technology, decide to expand their financial crime and compliance projects with us."

For a full copy of the report, please log onto www.gartner.com.

About the Marketscope

The MarketScope is copyrighted 2009 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, 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)

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.

SOURCE: Norkom Technologies

Norkom Technologies 
Fiona McLoughlin, +35318739600 
Marketing Manager 
fiona.mcloughlin@norkom.com

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