Detica NetReveal® and Norkom
We are delighted to confirm that the acquisition of Norkom Technologies by BAE Systems is now complete. Therefore the Norkom Technologies business will be merged with the Detica NetReveal® division within BAE Systems to create the industry leading provider of risk, fraud and compliance solutions. The combined platform will be marketed as Detica NetReveal® going forward, with continued investment in all of the existing components of both platforms.
The combined Detica NetReveal® product set represents the integration of best-in-class real-time prevention, detection and investigation capabilities alongside the leading high volume predictive and social network analytics and visualisation platform. This unique combination provides our clients with the ability to understand the riskiness of an individual, corporate entity or physical device together with the ability to understand the riskiness of the social networks within which they operate.
By deploying this combined capability, institutions can begin to anticipate, prevent and detect significantly more suspicious behaviour, dramatically reducing losses while, at the same time, delivering higher quality true positive alerts. It also supports more efficient investigation processes that allow our clients to cost-effectively execute their response strategies. This combination offers the opportunity for customers to leverage existing investments or adopt the complete platform to tackle all fraud, risk and compliance challenges across a range of sectors including: Banking, Insurance, Payment processors and Taxation.