Technology Veteran Joins EastNets to Expand Asia Pacific Operations

Hong Kong - 24 November 2009

EastNets, a leading global provider of compliance and payments solutions and services for financial institutions and corporates, announced today that Paul Chin has joined EastNets as General Manager for the Asia Pacific operations. Based in the company’s Hong Kong offices, Paul is responsible for managing channel partners, spearheading business development, and driving regional growth.

Paul brings with him over 20 years of work experience as Regional Marketing Manager for Hewlett Packard Asia-Hong Kong; Founder & CEO of Saggio (Asia Pacific) Company Limited, Hong Kong; Founder & CEO of Inturio Inc, Fremont, California, USA; and as Founder & CEO of SourceWorkz Limited, Hong Kong. Paul holds a BS and MS in Biochemistry from the University of California at Berkeley and at Stanford University, and an Executive MBA from Golden Gate University in San Francisco.

“We are delighted to have Paul join EastNets to expand our operations in the Asia Pacific region,” said Hazem Mulhim, CEO of EastNets. “Asia Pacific financial institutions face increasing risks and challenges with a diverse and complex regulatory landscape as well as escalating anti-money laundering (AML) supervision and enforcement. Paul is an excellent addition to our organization, and we are confident his experience and leadership will drive success in this high-growth region and continue to help our customers to meet these challenges with effective enterprise compliance solutions.”

“EastNets has built a strong partner network and client base with over 100 customers in the Asia Pacific region,” said Paul Chin, General Manager of EastNets Asia Pacific. “I am very excited to be working with our channel partners to continue to expand our customer footprint, and deliver world-class solutions and services to mitigate financial crime and meet the region’s evolving compliance requirements.”

Throughout the Asia Pacific region, EastNets works together with a world class partner network serving over 100 customers. EastNets’ partners include: ASL in Hong Kong; Blitz in Vietnam; Cambridge Solutions in India; Comas in South Korea; NCS in China; NewGens in Singapore; Sumisho Computer Systems Corporation in Japan; and VenSys in Indonesia.

EastNets’ enterprise compliance suite of integrated solutions include en.SafeWatch Filtering, providing real-time blocking and list filtering, supporting all lists including OFAC and PEP; en.SafeWatch Fraud, providing real time ATM, online, credit card and wire fraud prevention; 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.

Over 1,000 clients in 120 countries work with EastNets solutions to improve risk protection, streamline operational efficiencies, and meet global regulatory demands.

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