Norkomâs AML solution, recognised by leading analyst firms as the marketâs most advanced solution, was deployed across its 17 retail banking operations in France, with a subsequent rollout planned for a further 7 banking entities.
Speaking about the project, David Hotte, Head of Financial Security said, âWe are pleased with the successful implementation of Norkomâs AML solution. At Banque Populaire, we take the issues of financial crime and compliance very seriously. We appreciate the benefits of deploying a single technology infrastructure across the enterprise for the risk-based management of our business, in an effort to enhance our overall compliance and improve our defences against financial crime of all types. By improving our defences in this way, we decrease the risk of incurring financial or reputational damage implicit in financial crime, helping to protect our business, customers and shareholdersâ.
Norkomâs advanced AML solution enables Banque Populaire to effectively monitor, detect, investigate and report on suspicious activities or unusual behaviour across all its operations and business lines. Forming part of a fully-integrated financial crime software suite underpinned by a common technology platform, it enables financial institutions to detect multiple types of crime â from money laundering to fraud.
According to Alain Tayenne, General Manager of Norkom Europe, âWe are delighted to add Banque Populaire as one of our satisfied clients. We have a very strong understanding of the challenges facing financial institutions and strive to enhance their operations through the expertise and solutions they need to combat all forms of financial crime. This joint success with Banque Populaire further consolidates our market-leading position in the European financial crime and compliance marketplaceâ.
Norkom counts six of the worldâs top ten banks as clients, in addition to the largest banks in Belgium, Germany, France, Italy, Netherlands, UK, Scandinavia, Spain and Australia.