EastNets Receives High Ranking in Chartis RiskTech100 Survey

Dubai, UAE - 14 December 2009

EastNets, a leading global provider of compliance and payments solutions and services for financial institutions and corporates, has announced that it has been ranked 41st in the latest RiskTech 100 survey released by Chartis Research. EastNets was one of 100 technology firms selected for the annual study which evaluates the global market for risk management systems.

The annual Chartis RiskTech 100 report is recognized as the most comprehensive and prestigious study of the top technology firms involved in the risk management market. EastNets was evaluated under six criteria including functionality, core technology, organizational strength, customer satisfaction, market presence and innovation. The rankings were determined after evaluating responses from 357 risk and technology vendors.

“We are extremely pleased to be ranked so highly in the Chartis RiskTech100 survey for global risk technology companies,” said Hazem Mulhim, CEO, EastNets. “We realize the importance of security and risk management given today’s turbulent financial and business environments, and continue to be very committed to developing and delivering cutting-edge technologies that better protect our clients against risk.”

EastNets was recently named as having the 4th top-selling anti-money laundering solution for 2008 by IBS Publishing, and was ranked by the Celent analyst firm as providing a leading watch list filtering solution.

EastNets provides anti-money laundering (AML), anti-fraud, payment and transaction management solutions, and SWIFT plug-ins to add value to SWIFT connectivity for improved risk protection, transparency and cost controls. EastNets is one of the world’s largest SWIFT Service Bureau providers, with more than 250 clients.

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