Norkom Technologies has signed a deal with global investment bank Daiwa Capital Markets Singapore Ltd that will see the bank use Norkom’s sanctions and politically exposed people screening and transaction-monitoring technology.

The analytics software screens more than one billion financial relationships daily against industry watch lists. The aim is to protect the bank against business being inadvertently carried out with high-risk entities.

Norkom has made progress in expanding its footprint across Asia in the past 12 months.