01.09.2008
Financial crime technology player Norkom has landed a major contract with Dubai Islamic Bank – the world’s first fully-fledged Islamic bank – to roll out software to pinpoint and investigate potential criminal behaviour and eradicate terrorist financing.
Dublin and London-listed Norkom is one of Ireland’s most promising technology companies and has won major deals in the US, Europe and Asia-Pacific.
This latest deal sees its anti-money laundering software deployed at Dubai Islamic Bank’s (DIB) operations in the United Arab Emirates and Pakistan, which will monitor and analyse transactions and customer interaction across the entire customer base in order to identify and investigate suspicious and criminal behaviour.
The software will automatically alert DIB if any entity attempting to transact with it is listed on any of the bank’s numerous and diverse watch lists.
continue reading at…………http://www.siliconrepublic.com/news/article/11323/business/software-to-be-used-in-fight-against-terrorist-financing-in-middle-east
