Ovum recommends Detica NetReveal as 'Shortlist', the highest category in its recent `Selecting an Anti-Financial Crime Solution in Retail Banking` report.

Guide to Anti–Financial Crime Solutions in Retail Banking © Ovum (Published 10/2011)

I was excited to see the announcement that BAE Systems would be acquiring Norkom Group and combining it with Detica's NetReveal technology. Detica and Norkom's capabilities and customer base are extremely complementary, and Detica’s robust link analysis functionality really rounds out Norkom’s offering. This merger truly combines the best of both companies into a very powerful solution financial institutions can leverage in their fight against enterprise fraud.

Julie McNelley, Senior Analyst, Aite Group

Prior to its acquisition by BAE Systems, Norkom was one of the major vendors in this area. Norkom basically defined the initial AML market and has been a leading vendor since. Detica NetReveal has a very broad portfolio that covers nearly every type of financial crime, which makes it the vendor of choice for banks that are looking for an enterprise-wide platform. Client references are solid and come from various geographies. Detica NetReveal has sufficient geographical reach and capability to service many markets and should be shortlisted by most retail banks.

Guide to Anti–Financial Crime Solutions in Retail Banking © Ovum (Published 10/2011)

Our decision to purchase Detica NetReveal® was based on the significant return we achieved very rapidly from a pilot study. We are delighted to be working with Detica, a company with a strong background in innovative information intelligence solutions.

Brendan Pickering, Head of Group Fraud Technology at HSBC 

BAE Systems acquisition of Norkom bolsters the company's market presence and capabilities in the fraud prevention space. Combining Norkom's fraud prevention and enterprise investigation management capabilities with Detica NetReveal's link analysis and fraud analytics capabilities provides the company with a more comprehensive offering for the enterprise fraud management market.

George Tubin, Senior Research Director, TowerGroup