01 October 2016
Visit dh.com

EastNets updates AML SaaS

09 May 2014  |  1549 views  |  0 Source: EastNets

EastNets, a leading global provider of compliance and payments solutions for the financial services industry, is offering new features for its Anti-Money Laundering (AML) solution as a service in SaaS mode, to financial institutions (FIs).

The offering is a continuum to its installed base of customers through its direct Service Bureaus and its partners' service bureaus, allowing them a better and more efficient utilization of their resources.  

With over 115 customers already using EastNets AML solution as a service SaaS model directly and through EastNets partner Service Bureaus, EastNets expects this offering to continue to appeal to a large client base of FIs of all sizes and on a global scale.

Today EastNets' AML solution SafeWatch, is installed on premises by over 500 financial institutions and corporates worldwide -- enabling them to meet regulatory requirements and fight money-laundering activities through its SWIFT-certified products. AML modules utilize en.SafeWatch Filtering and en.SafeWatch Profiling that allows its customers to stop suspicious transactions taking place in real-time.

Hazem Mulhim, CEO, EastNets, said: "We are excited to offer AML as a service SaaS mode to our clients, including banks and financial institutions, through our direct and our partner Service Bureaus globally. By continuing to outsource this service to us, clients will be able to deploy their internal resources for other tasks, cut down their cost, and focus on their core competencies. We currently have a portfolio of over 115 banks that use our SaaS and look forward to offering our AML Solution as a service to more clients." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
11327 views comments | 35 tweets | 33 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
8453 views comments | 15 tweets | 31 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
7208 views comments | 22 tweets | 29 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6847 views comments | 13 tweets | 16 linkedin
hands typing furiouslyCan Blockchain Prevent Money Laundering?
6510 views 0 | 24 tweets | 9 linkedin

Featured job

Find your next job