EastNets Un-Covered!

Welcome to the very first post from EastNets …

We’ve been around for almost three decades helping banks and financial institutions keep their transactions secure, compliant and well protected against risk.

The idea of this blog is to provide a new channel for you to get to know us a little bit more, to connect and share your ideas and thoughts on the many industry-related topics that we will be posting… we need to hear what YOU think … so get involved and let’s
begin the online conversation…

More ways to connect with us…

Facebook, Twitter, LinkedIn, YouTube, Flickr, Blogger

Visit our website: www.eastnets.com

Group Breakfast!

Group Breakfast!, a set on Flickr.

One of the many group activities we have around shared with you!
yummy stuff!

More from Sibos Toronto 2011

More from Sibos Toronto 2011, a set on Flickr.

A Little glimpse of our 2011 Sibos Story to tell the world … we would like to share it with you

What do you know about EastNets Academy?

EastNets Academy is a learning community specifically designed for collaborative learning, sharing strategies and techniques to help its members excel in using EastNets technology to improve financial crime protection, resilience and regulatory controls.

The en.Academy platform combines e-learning with a Learning Management System (LMS), to enable administration, documentation, tracking, and reporting of training programs. The platform helps EastNets managing the training programs, workflows and on-line assessment for customers, employees and certified business partners. EastNets has developed a series of e-learning training courses for en.SafeWatch Solutions such as en.SafeWatch Filtering and en. SafeWatch Profiling.

en.Academy is built around a blended training concept. A blended learning community integrates online learning and face-to-face meetings or workshops. All courses are delivered by EastNets accredited consultants, who will be on hand at all times during the course to offer practical advice and guidance and facilitate valuable discussion.

 To know more about EastNets Academy, please click here

EastNets receives conformance statement from SWIFT for en.MoRe mobile remittance solution

EastNets, a global provider of compliance and payment solutions, has announced that it has obtained the SWIFTReady – workers
remittance conformance label for 2011.

en.MoRe is the first application in the workers’ remittances program offering a mobile remittance functionality where it
demonstrated a real time remittance between a Telco operator and a receiving bank .

“The SWIFT certification for the en.MoRe mobile remittance solution validates EastNets’ commitment to deliver great-value
solutions that satisfy the needs of our customers. en.MoRe is particularly important in Europe, Middle East and Americas as it will benefit millions of migrant workers who regularly conduct remittances to their home countries.
EastNets will leverage its network of Mobile Operators globally to allow the maximum number of people to take advantage of this genuinely convenient, fast and secure mobile remittance solution,” said Hazem Mulhim, CEO, EastNets.

A partnership agreement was signed earlier this year with BICS (Belgacom International Carrier Services) to provide mobile money transfer services to millions of migrant workers worldwide. BICS operates an
international network, with over 550 direct connections, including more than 250
routes to mobile operators, in more than 170 countries.

The first pilot implementation of the en.MoRe mobile remittance solution was completed successfully in cooperation with BICS
starting the first Mobile Money Transfer corridor between Qatar and Pakistan.

EastNets will present case studies and discuss the impact of Mobile Money Transfer in changing the developing communities
during its participation at Sibos 2011. Mobile Money is becoming an essential part in the everyday life of people in Africa and Asia, and is considered to be the fastest growing technology after social media.

Sibos 2011 will take place from September 19-23, 2011 at the Metro Toronto Convention Centre (MTCC), Canada. Organized
annually by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the operator of the renowned worldwide SWIFT financial messaging network, the conference gathers banking and financial experts and leaders from around the world to network, do business and talk extensively about financial fraud and other key industry issues.

Read More about EastNets’ Mobile Remittance solution: http://www.eastnets.com/Solutions/MobileRemittances.aspx

Intesa San Paolo goes live with EastNets for AML compliance

EastNets, a leading provider of global compliance and payment solutions and services, announced today that Intesa Sanpaolo is now live with its en.SafeWatch Filtering solution to meet regulatory requirements and improve anti-money laundering (AML) and counter terrorist financing (CTF) controls.

Intesa Sanpaolo is the leading banking group in Italy with over 5,500 branches serving about 11 million customers. en.SafeWatch Filtering provides Watchlist filtering operations involving a client database of over 60 million accounts, and more
than 100,000 messages per day.

During the project implementation, EastNets cooperated with Infogroup, an Intesa Sanpaolo Group firm that works in
the IT industry, primarily for banks and insurance companies. That collaboration led to a commercial agreement that allows the making of joint offers, which include also Infogroup personnel consulting or EastNets products and services
sales into Italian, Greek, Maltese and Canton Ticino markets.

“Intesa is very pleased to have deployed EastNets premier and market-leading en.SafeWatch Filtering solution, used today by over 400 customers in 80 countries,” said Stefano Cabianca, AML International Officer at Intesa Sanpaolo. “We chose
en.SafeWatch Filtering because it offers a robust solution for OFAC/PEP screening, that will help us to ensure compliance with the evolving AML requirements. In addition, the solution’s highly sophisticated matching engine ensures rapid identification of potential risks while limiting false positives, thereby saving our compliance team substantial time and money.”

“We are very pleased with Intesa Sanpaolo’s selection and subsequent deployment of EastNets,” said Hazem Mulhim, CEO, EastNets. “With en.SafeWatch Filtering, we help Intesa Sanpaolo ensure compliance with AML laws and regulations, reduce
workload with reduced false positives, and improve operational efficiencies.”

Intesa Sanpaolo Group has also recently selected EastNets en.SafeWatch Profiling AML solution to meet compliance regulations and improve defenses against counter terrorist financing and money laundering. The solution is already live at Intesa Sanpaolo United Kingdom Branch and International Subsidiary SEB of Luxembourg with plans to roll out en.SafeWatch Profiling
across nine branches in Europe and Asia. en.SafeWatch Profiling provides customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting. Intesa Sanpaolo Group has been previously using en.SafeWatch Filtering in its Foreign Branches before going live in Italy this month.

#sibos en.SafeWatch Anti-Fraud provides

#sibos en.SafeWatch Anti-Fraud provides accurate, real-time credit card, wire and Internet fraud detection and prevention to protect your financial institution against fraud losses

en.MoRe mobile remittances solution from

en.MoRe mobile remittances solution from EastNets is designed to enable cross-border person-to-person mobile initiated payments #sibos