Radware, a Tel Aviv-based provider of integrated application delivery solutions for business-smart networking, has announced a partnership with Ireland’s Norkom Technologies, a provider of real-time financial crime and compliance software, to enable online businesses fight fraud, identity theft and money laundering.
Radware claims that its 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.
Paul Kerley, CEO of Norkom, said: Financial organizations are looking to technology to help them deliver a cohesive strategy and defense against the increasing volumes and sophistication of financial crime. Employing Norkom’s ‘gold standard’ financial crime and compliance platform in conjunction with Radware’s Inflight platform will enable clients to achieve new levels of intelligence and effectiveness in the fight against fraud.
Norkom’s financial crime management platform claims to provide financial services organizations 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.