Financial fraud is increasing dramatically as criminals become more sophisticated and employ advanced techniques to attack financial institutions. Combating fraud—and detecting and resolving it quickly if it does occur—requires that financial institutions use a cradle-to-grave financial crime and compliance solution that addresses all aspects of fraud. When it comes to money laundering or other types of fraud, time is of the essence, and financial institutions need to act quickly to reduce losses and protect their reputations. Norkom Technologies’ Enterprise Financial Crime and Compliance Solutions mine raw transaction data, enrich the data, and analyze it for intelligent decision-making. Norkom’s global relationship with IBM provides the firm with marketing and services acumen as well as access to IBM technology such as IBM’s Entity Analytic Solutions which are embedded in Norkom’s financial crime application, explains Chris Belthoff, Vice President of Product Marketing for Norkom Technologies.
Building A Mobile Business MindsetAmong 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps – and it's past time for those with no plans to get cracking.