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Security Comes With Compliance
Erste Bank Group (Vienna, Austria; $181.4 billion in total assets), a financial services group that provides banking, investment, loan and insurance services, will deploy Norkom Technologies' (Dublin, Ireland) financial crime solutions across its central European business operations. The software will assist Erste in protecting its business, shareholders and customers from financial crime while complying with all European Union and country-specific legislation pertaining to financial crimes.
Erste Bank Group initially will deploy Norkom's Anti Money Laundering application in Erste's Czech and Slovak subsidiaries, followed by its business operations in Austria, Hungary, Croatia and Central and Eastern Europe. "The Norkom solution enables us to adopt a fully integrated approach to how we manage the prevention of financial crime in our business," says Leopold Fetterle, money laundering reporting office, Erste Bank Group.
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