July 1, 2014 - EastNets, a leading global provider of compliance and payments solutions for the Financial Services industry recently announced that it has been awarded the 2014 SWIFT Certified Application Alliance Screening Add-on Label for its list screening solution. en. SafeWatch Filtering is a market-leading Watch-List Filtering Solution that is used by over 600 financial institutions and corporates in 80 countries.
The certification represents recognition of quality for EastNets’ Watch-List Filtering Solution, which is a comprehensive enterprise-wide, multi-jurisdictional, and multi-business unit solution that screens transactions against different files and databases and manages all regulatory requirements. en.SafeWatch Filtering has an advanced analytics for effective multi-cultural name filtering and provides real-time blocking of potential violations as well as batch screening. It supports public, internal and third-party lists with centralized and secure list management capabilities. Finally, it has enhanced screening capabilities for Society for Worldwide Interbank Financial Telecommunication (SWIFT), Single Euro Payments Area (SEPA), free text and custom formats.
Hazem Mulhim, CEO, EastNets, said: ‘We are delighted on being awarded the SWIFT Certified Application Alliance Screening Add-on Label for our Watch-List Filtering Solution--en.Safe Watch Filtering. The recognition is a testimony that EastNets list screening solution is in compliance with the latest SWIFT standards. Rest assured, we will remain steadfast in our commitment in offering our customers with the best in quality solutions that comprises of innovation and expertise.”
EastNets® is a leading global provider of compliance and payments solutions for the Financial Services industry. Over the past 30 years EastNets has built distinctive expertise to develop and implement standardized and individual solutions against financial crime, and for risk management, monitoring, analysis, reporting, and state-of-the-art consultancy and customer support. Over 1000 customers including some of the largest international financial institutions rely on EastNets solutions and professional services, and over 300 corporate and financial institutions rely on EastNets for outsourced SWIFT connectivity and compliance software solutions made available as a service through its fully managed service bureaus. EastNets is a global company with regional offices in major cities, supported by a large network of global strategic partners.