National Bonds outsources Swift connectivity to EastNets

Source: EastNets

National Bonds Corporation PJSC, the Shari'a-compliant saving scheme has outsourced its Swift connectivity to EastNets, providing customers an easier, faster and more convenient way to save their money, from anywhere in the world.

EastNets, a global provider of compliance and payments solutions and services, has connected National Bonds to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the financial messaging network that is used by financial institutions worldwide to send and transfer money using the most secured technology.

EastNets' fully automated SWIFT Service Bureau, en.Service Bureau has given National Bonds extensive worldwide reach for its customers to have a user-friendly experience when saving with National Bonds. Existing and new customers will now have the opportunity to purchase bonds easily and quickly from any part of the world, as well as transfer money or documents for processing. The en.Service Bureau will also ensure safety and security for all National Bonds customers' transactions, with its add-on capabilities for watchlist filtering and reconciliation services.

National Bonds Corporation PJSC is the latest major UAE-based corporate entity to join the SWIFT network via EastNets' en.Service Bureau, providing outsourcing and

managed services used by over 1,000 customers and 250 firms. By virtue of its affiliation with SWIFT, National Bonds Corporation PJSC becomes a member of the SWIFT user group that is part of the Emirates Banks Association.

Mr. Hazem Mulhim, CEO and Chairman, EastNets, said: "The integrity and efficiency of financial transactions are high priorities among businesses given the prevailing downturn, which is why demand for SWIFT's communications platform is at an all-time high. We expect National Bonds Corporation PJSC, a company known for its unmatched level of excellence, to attain a higher global profile via the SWIFT Network".

Mr. Hani Hussein, Chief Operating Officer, National Bonds Corporation PJSC, said: "By deploying outsourced SWIFT connectivity from EastNets, National Bonds has further strengthened its scope and quality of services to customers, offering them a simple and seamless experience when saving to secure a better future. The SWIFT service makes buying bonds for the first time or repeat purchases easy and convenient from anywhere in the world. By using the latest state-of-the-art technology, National Bonds has reaffirmed its commitment to provide superior products and services".

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