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Radware and Norkom team-up to fight financial fraud

Radware today announced a partnership with Norkom Technologies, provider of real-time financial crime and compliance software.

Radware’s Inflight event delivery platform will automatically feed real-time events from web applications to Norkom’s fraud applications, allowing organizations to assess and react to potential online attacks in real-time, thereby reducing possible financial losses while maintaining regulatory compliance.

“The combined real-time platforms enable institutions with a significant investment in online businesses to address risk to their business and brand in a methodology with a positive return on investment,” stated Paul Bilden, General Manager for Radware’s Inflight Group. “Real-time intelligence of online user activity is vital in profiling users for fraud detection or anti-money laundering efforts.  The prevalence of financial crimes in the online channel coupled with drivers around increased corporate governance and reputation risk are driving our real-time business with Norkom around our business-smart strategy solutions.”, says Paul Kerley, CEO of Norkom.

Norkom’s financial crime management platform provides financial services organizations with the ability to detect, triage and respond to organized crime attacks either directly through fraud or indirectly through the violation of government regulations such as anti-money laundering or insider trading rules.

Already in use at Atos Origins

Marcos Semola, Head of InfoRisk Operation at Atos Origin UK, a worldwide system integration firm with a global risk practice, notes the joint Radware-Norkom solution provides the first holistic, closed loop approach to risk and compliance.  “Radware’s business-smart strategy is an industry-first approach for making the network a vital application and user-aware asset.  By combining these two technology platforms, Atos Origin is able to bring a best in class strategy to our global customer base looking to proactively assess risk and compliance in their enterprise.” 

The combined solution delivers a multitude of business benefits, including reduced financial losses, real-time visibility in their applications, increased operational efficiencies, improved application performance in online applications, and compliance with a large number of regulations. 

More about this news : see http://www.norkom.com

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