SIDE International announces the implementation of SafeWatch ASP in EastNets™ Service Bureau

Sydney - 11 October 2006

At SIBOS 2006, SIDE International & its Business Partner EastNetsâ„¢ announce the launch of the first SafeWatch ASP in EastNetsâ„¢ Service Bureau.

EastNetsâ„¢ and SIDE teamed up to offer the best AML filtering solutions in a service based infrastructure. SIDE SafeWatch will be installed centrally and made available by EastNetsâ„¢ to all its customers through their SWIFT Service Bureau infrastructure.

All customers will have the possibility to filter their transactions in a very modular way.

The service has many advantages for the Service Bureau:

· Free license
· No activation cost
· No maintenance

Moreover, customers pay for the service as they go.

The EastNetsâ„¢ Service Bureau is an outsourcing and managed services platform located in the Dubai Internet City Data Center. It provides services to over 100 banks throughout the Middle East, North Africa, Balkans and Pakistan. The services range from connectivity to the SWIFT Network, to a complete outsourcing of card management application and e-billing systems.

“The success of SIDE SafeWatch increases continuously: more than 200 customers in over 70 countries use SIDE SafeWatch to filter millions of transactions every day. This new implementation of SIDE SafeWatch for Service Bureau offers the best AML detection system at an affordable price to all customers, and in a very modular way“, says Luc Delbrassine, SIDE Group CEO.

Hazem Mulhim, CEO, EastNets™ said: “EastNets™’ partnership with SIDE International will ensure the reliable, secure and cost-effective delivery of the company’s AML detection system in the region. The high level of service and security that EastNets™ solutions offer has brought us a growing number of corporate and banking clients. Today we have over 100 customers on the EastNets™ Service Bureau and are contracted to implement EastNets™’ payment and security solutions, through the platform, for more customers by the end of the year.”

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