EastNets to highlight cutting-edge anti-money laundering solutions at Sibos 2014

EastNets to highlight cutting-edge anti-money laundering solutions at Sibos 2014EastNets, a leading global provider of compliance and payments solutions for the financial services industry, will showcase its advanced anti-money laundering (AML) solutions at Sibos 2014, the latest edition of the world’s premier financial services event running from September 29 to October 2, 2014 at the Boston Convention and Exhibition Center in the US. EastNets will be there to showcase its state of the art AML software solutions at Stand A34. EastNets AML solutions contain next-generation features for a more sophisticated detection of fraudulent transactions and investigation of alerts, allowing compliance by financial institutions (FIs) with the ever evolving AML regulations.

Two of the solutions to be highlighted are EastNet’s new managed services platform for domestic and international wire transfers en.PaymentSafe and its enhanced Web AML watch-list filtering tool. en.PaymentSafe integrates multiple back-office systems and offers a connection to both SWIFT and FedLine Direct networks, while the latter contains modern features for swift detection of suspicious transactions. EastNets delegates will also showcase the integration of IBM® i2® Analyst’s Notebook® Premium with the company’s AML solutions, which helps FIs perform thorough analysis of their AML cases. The company’s AML software-as-a-service (SaaS) solution, which offers a better and more efficient utilization of resources, will be highlighted as well.

Hazem Mulhim, CEO, EastNets, said: “As one of the biggest and most important events for the financial sector, Sibos is an important platform for showcasing the latest and best security and compliance solutions for financial service practitioners and institutions. Our company intends to capitalize on its popularity to highlight our cutting-edge AML solutions as well as engage with other participants about the latest trends and developments in the market. Joining the event and meeting existing and potential partners and customers from across the globe form part of our business strategy and are vital to our overall success.”

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