IBS manages several unbiased publications and events throughout the world focusing on the back office banking systems and operations market. Its latest AML market survey analyzed results from 21 vendors for AML licenses sold in 2008.
âEastNets has done particularly well, achieving 21 wins in its first year offering a transaction monitoring solution,â said James Ling, Senior Reporter at IBS Publishing. âWith its experience in watchlist filtering, this seems like a natural step for the supplier and it has made quick work in signing up new clients.â
âThe popularity of en.SafeWatch Profiling lies in the fact that it was designed to be both simple and flexible. This application is built on the same open architecture used in all of our products and is fully customizable to be compatible with various applications and formats. We are very pleased with this honor and top ranking, which reflects both the technological and market superiority of our AML portfolio,â said Hazem Mulhim, CEO, EastNets.
en.SafeWatch Profiling is a web-based application that delivers customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting. It can be easily integrated with any banking application to capture data quickly and cost-effectively. Although the system comes with predefined import formats, business rules and reports, it can also be customized to meet unique client specifications.
EastNets solutions include: en.SafeWatch Filtering, providing real-time blocking and list filtering, supporting all lists including OFAC and PEP; en.SafeWatch Profiling, providing customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting; and value-add SWIFT connectivity plug-ins including: en.Recovery, enabling SAA 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.
EastNetsâ en.SafeWatch Filtering solution was ranked by the Celent analyst firm as a leading watch list filtering solution used today by over 300 customers in 80 countries.