EastNets, a leading global provider of compliance and payments solutions and services for financial institutions and corporates, recently celebrated its 25th anniversary. Founded in 1984, EastNets serves over 1,000 customers in 120 countries, with over 300 employees and global headquarters in Dubai and 16 offices across Europe, the Middle East, Asia and United States.
“In a highly demanding and competitive market environment, it is a remarkable achievement for EastNets to have maintained the highest quality standards in our products and services over the past 25 years,” said Hazem Mulhim, Founder and CEO of EastNets. “The company has successfully leveraged its extensive experience and world-class expertise to constantly improve and strengthen our portfolio of banking and financial solutions. Our dedication to quality and excellence, and our strong commitment to protect the integrity and safety of the financial system are key attributes that distinguish EastNets as a premier provider of payment and compliance solutions and services all over the world.”
EastNets anti-money laundering solutions include: en.SafeWatch Filtering, providing real-time blocking and list filtering, supporting all lists including OFAC and PEP; and en.SafeWatch Profiling, providing customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting.
EastNets also delivers value-add SWIFT connectivity plug-ins including: en.Recovery, enabling SWIFTAlliance users to restart operations within minutes after an outage instead of hours; en.Reporting for FIN and XML traffic monitoring and reporting; and en.Duplicate Detection, preventing in real time emission of duplicate payments or other FIN messages sent to correspondents.
EastNets also provides SWIFT connectivity and add-on services for over 250 International financial institutions with its outsourced fully-hosted en.Service Bureau network.
EastNets has strategic technology partnerships with SmartStream, delivering reconciliation solutions, and SWIFT, delivering SWIFT solutions, integration services, training and support.
In addition, EastNets manages a vast reseller partner network across the globe including: Alliance Factors in Russia; ASL in Hong Kong; BCG in Panama; Blitz in Vietnam; Cambridge Solutions in India; Comas in South Korea; FL Sistem in Croatia; Financeware in Brasil; NCS in China; NewGens in Singapore; Omikron in Hungary; Perago in South Africa; Sumisho Computer Systems Corporation in Japan; SMA in the United Kingdom; and VenSys in Indonesia.
•Eastern Networks, now EastNets, was founded in 1984
•In 2003, launched a fully-hosted outsourced SWIFT Service Bureau, today serving over 250 clients
•In 2005, launched BPO (Business Process Outsourcing Services), quality assurance and software testing services with its center in Egypt
•Acquired SIDE International in 2007, a market leader for anti-money laundering solutions, and ranked by Celent in 2006 as providing one of the top Watchlist Filtering solutions
•In 2009, awarded IBS top ranking for anti-money laundering solution sales for 2008
•In 2009, awarded a license to open a new office at the Dubai International Financial Centre (DIFC)