An annual international listing of the top vertical technology vendors that derive more than one third of their revenue from the financial services industry, the FinTech 100 is published by American Banker and Financial Insights, an IDC company. Norkom, which last week was named winner in the Best Anti-Money Laundering (AML) solutions category of the Annual Banking Technology Readersâ Choice Awards, ranks 95th on the FinTech 100 for 2008.
Norkom CEO Paul Kerley cited several accomplishments that contributed to his companyâs growth and heightened visibility, including:
ï Ten new clients during the last six months, including three of the worldâs largest banks
ï A partnership with IBM to deliver new financial crime and compliance (FCC) software solutions
ï Establishment of the companyâs relationship with Dubai Islamic Bank, Norkomâs first client in the Middle East
ï Announcement of pre-packaged compliance solutions for Newcastle Permanent Building Society in Australia, signifying the companyâs entry to the market segment that serves smaller financial institutions
ï Strengthening global coverage through a 250 percent revenue increase, to â¬4.6m, in the Asia/Pacific region
âThis FinTech 100 ranking is a milestone for Norkom. It is a clear signal to all that we are here to stay â through our addition of new clients, our entry to new markets, and our strengthening and expanding of existing relationships throughout the world,â said Kerley.