SYDNEY, August 21 /PRNewswire/ --     Norkom Technologies, the leading provider of financial crime
and compliance management solutions to the global financial services sector,
has today announced that Australia's financially strongest building society,
Newcastle Permanent Building Society, has joined its expanding customer list.

Founded in 1903 and voted Building Society of the Year for two
consecutive years in 2007 and 2008 by Money Magazine, Newcastle Permanent
chose Norkom's pre-packaged compliance solutions to help it meet the
Anti-Money Laundering/Counter Terrorist Financing legislation that was passed
in Australia in December 2006. Under the terms of the deal, Newcastle
Permanent will deploy Norkom's solutions across its Australian operations.

With Norkom's AML software, Newcastle Permanent will be able
to monitor transactions across all members and accounts to detect,
investigate, manage and report suspicious and criminal behaviour. When
unusual activity is identified, prioritised alerts will be automatically
issued to a team of investigators to begin a comprehensive, step-by-step
investigation process to uncover potential criminal behaviour. Using Norkom's
Watch List Management solution, Newcastle Permanent will be automatically
alerted if any entity attempting to transact with the institution is listed
on any of the industry's numerous watch lists, ensuring it does not
inadvertently conduct business with known terrorists or criminals.

Bruce Quick, Norkom's Director of Sales & Business Development
for Asia Pacific, says, "We are really pleased to welcome Newcastle Permanent
to our ever-expanding list of clients". In explaining the company's reasons
for launching pre-packaged applications, Quick says, "Every financial
institution in Australia, whether they're large or small, needs to meet the
demands of the regulator. Since our entry into this market in October 2006,
we've served the regulatory needs of the larger institutions. However, we
soon realised that smaller financial services providers who are deemed as
Designated Entities are struggling with the same regulatory demands and need
a solution that will help them comply with the AML/CTF regulations. So we
took another look at our product and delivery suite to see how we can best
serve them and came up with the ideal solution - out-of-the-box, pre-packaged
applications".

Norkom's pre-packaged applications are specifically designed
for small to medium sized financial services organisations. More standard in
nature than the solutions offered to global tier one financial organisations
and comprised of a smaller number of scenarios and limited amounts of
configuration, Norkom's out-of-the-box offerings provide these financial
organisations with the capability to comply with the law.

Since its entry into Asia-Pacific in 2006, Norkom has
experienced considerable success in the Australian financial crime and
compliance marketplace, successfully on-boarding 10 clients such as ANZ,
St.George and Bendigo Bank. In June 2008, the company announced record
revenues to which its Asia Pacific operations contributed significantly.
Norkom now has offices in Sydney, Melbourne and Singapore to serve and
support its expanding client base.

About Newcastle Permanent Building Society 
(http://www.newcastlepermanent.com.au)

Newcastle Permanent is an independent, mutual, retail financial services
provider, with total assets over AUS$5.7 billion. Newcastle Permanent is the
financially strongest building society in Australia and a major economic
entity in the Hunter and Central Coast of NSW. As a complete retail financial
services provider, Newcastle Permanent provides a genuine alternative to
traditional banks for a range of financial services including the day-to-day
needs of personal and business banking members.

Newcastle Permanent's operational area extends north along the east coast
of NSW to the Northern Rivers Region (with branches at Forster, Taree, Port
Macquarie, Coffs Harbour, Lismore & Ballina), west to the New England Region
(with branches at Tamworth & Armidale) and south to Sydney with a branch at
Parramatta.

Newcastle Permanent has a long and distinguished history of returning
benefits to the community. This is demonstrated in the competitiveness of our
products and services, an extensive branch network and a significant level of
support for a wide range of community based initiatives that help improve the
quality of life for the people of those communities.

About Norkom Technologies (http://www.norkom.com)

Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial
organisations to take intelligent action, control defences, and evolve
strategies against fraud, money laundering, and other types of financial
crime. By combining a unique investigative technology platform with deep
domain expertise, Norkom has established a solid track record of reducing
financial losses, protecting users' reputations, improving operational
efficiencies, and lowering the cost information technology.

Norkom serves clients in over 100 countries, including HSBC,
Credit Agricole, DnB Nor, Erste, Fortis, Rabobank, Standard Chartered Bank,
Swedbank, ANZ, St. George and Washington Mutual.

Media contact:

Fiona McLoughlin, Marketing Manager, Norkom Technologies, 
Tel: +353-1-8739612 or email fiona.mcloughlin@norkom.com

Bruce Quick, Director of Sales & Business Development Asia
Pacific, Tel: +61-2-9255-0488 or email bruce.quick@norkom.com