24 August 2017
Find out more

Iccrea Banca implements EastNets' AML and Swift monitoring tools

02 July 2009  |  2802 views  |  0 Source: EastNets

EastNets, a leading global provider of compliance and payments solutions and services for financial institutions and corporates, has announced that ICCREA Banca, one of the Italian Banking System's main financial institution, has implemented its watchlist filtering and SWIFT value-add plug-in solutions to expand its anti-money laundering (AML) capabilities, and improve SWIFT traffic control.

ICCREA Banca, a Central Institution for over 440 "Cooperative Credit Banks" with 4,044 branches, serving 5 million customers throughout Italy, has deployed three integrated EastNets solutions including: en.SafeWatch Filtering, providing real-time blocking and sanction list filtering; 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. This deal was completed in collaboration with EastNets new Italian Partner, Net Solving. Both Companies believe that this relationship will increase their market penetration in the Italian banking sector.

"After the deployment of EastNets' solutions, we saw an immediate improvement of our compliance and SWIFT operations," said Claudio Di Legge, Head of C.A.I.S. of ICCREA. "The joint efforts of EastNets and Net Solving gave us the right confidence to start these projects."

"We are very pleased with the ICCREA Banca implementation and the excellent results that they are achieving with our solutions," said Hazem Mulhim, CEO of EastNets. "With ICCREA as a flagship customer and with our strategic partnership with Net Solving, we are well positioned to significantly expand our footprint in the Italian market."



"With many small to mid-sized financial institutions, Italy is a prime market for EastNets' products and services to quickly and affordably address the regulatory and transparency needs of Italian banks," said Mr. Alessandro Salini, Marketing & Sales Director of Net Solving. "With EastNets' SWIFT value-added plug-ins, SWIFT users can now effectively and efficiently manage and optimize the usage of SWIFT network services to streamline processes and reduce cost."

EastNets' en.SafeWatch Filtering solution was ranked by the Celent analyst firm as a leading watch list filtering solution used today by

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comvisit www.abe-eba.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21039 views comments | 43 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12046 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11395 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11195 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10877 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job