View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
April 30, 2009

Norkom signs deal with NCB Capital

Company to commence implementation of financial crime solutions

By CBR Staff Writer

Norkom Technologies, a provider of financial crime and compliance services, has signed a deal with NCB Capital, an investment banking arm of National Commercial Bank, for marking its entry into the Kingdom of Saudi Arabia and supporting its continued expansion in the Middle East.

NCB Capital (NCBC) will commence implementation of Norkom’s suite of financial crime solutions across its operations in the Middle East, starting with its Saudi Arabian headquarters.

With Norkom, NCBC will achieve full compliance with local and international regulations such as the third EU Money Laundering Directive and the US Patriot Act.

Norkom has said that its anti-money laundering, watch list management, and customer due diligence/know customer services will help NCBC to identify and investigate suspicious or criminal behavior efficiently by monitoring and analyzing all transactions and customer interactions across NCBC’s entire client base.

Paul Kerley, CEO at Norkom, said: We are delighted to welcome NCBC as our first client in Saudi Arabia. This deal with NCBC illustrates our commitment to expand our business further in the Middle East. We’re looking forward to working closely with NCBC over the coming weeks and months in helping them gain full compliance, become the best in class investment bank in financial crime detection, and get the most from their investment.

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU