25 February 2017
visit nextgenbanking.co.uk

EastNets updates AML SaaS

09 May 2014  |  1637 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)
http://www.financialcrimerisk.fiserv.com/aml?r=finextravisit dh.com

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12510 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8524 views comments | 40 tweets | 34 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6773 views comments | 18 tweets | 13 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6696 views comments | 7 tweets | 4 linkedin
Visa opens London innovation centreVisa opens London innovation centre
6036 views comments | 20 tweets | 19 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job