Norkom Technologies

The platform now also incorporates the following capabilities of Norkom Technologies.

Innovative, sophisticated and advanced analytics

• Behavioural profiling of multiple entities, transactions and non-financial events in both batch and real-time scenarios, and in large volumes, is essential to understanding and identifying behavioural patterns (for example IP, counter-party and address profiling).
• Peer group segmentation to create different groups and segments with levels of granularity so a single rule can support multiple outcomes Champion/Challenger to allow users to compare two models in live production.

Predictive modelling

• Selective/transparent detection (aka white-box) provides you with clear visibility to understand and manage your risk by allowing users to perform data mining and custom models that out perform the industry average.
• Unique profiling and predictive modelling allows for the combination of real-time data, batch data and behavioural patterns to develop robust profiles, which has been empirically proven to better predict behavioural patterns than data alone.
• Drift detection technology shows changes in the accuracy of the prediction against current (evolving) data, which is essential in fast-moving fraud typologies to maintain accuracy.

Empowering and flexible

• Multi-channel approach which leverages information across silos to assess risk.
• Single platform for easy management of multiple risk functions across multiple organisations and domains.
• Configurator enables partners and other validated third parties to configure elements of our products to suit their unique business needs, for example screen layout, workflows, user access, permission rights, detection scenarios and profiles.
• SOA architecture provides a flexible approach to integrating data and services
• Data acquisition, model and repository allows access to data from any source system, coupled with pre-packaged data models designed specifically for the needs of different financial services sectors.
• Profiling Engine creates profiles based on peer group analysis, behavioural analysis and risk analysis to improve the art of detection.
• Workflow engine configures workflows of financial crime and compliance business processes into Norkom's platform, ensuring that correct processes are followed throughout the organisation.
• Alerts engine and case management delivers prioritised alerts, pre-populated with all necessary information, directly to the investigators desktop for investigation and end-to-end management of cases.