The EastNets solutions offered on Clearstream Services External Businesses’ On Demand banking platform include en.SafeWatch Filtering, en.SafeWatch Profiling, en.Recovery, en.Reporting and en.Duplicate Detection.
Michel Rodriguez, external business development director of Clearstream Services, said: “We are delighted to have selected EastNets’ market leading solutions as the centerpiece and command centre of our anti-money laundering service offering. The company’s long history in compliance and payments, the exceptional quality of its solutions and strong industry expertise made EastNets an obvious choice.”
Hazem Mulhim, CEO of EastNets, said: “As financial institutions strive to control costs and risk, outsourcing operations and business processes become increasingly interesting and appealing. With Clearstream Services External Businesses’ integration of EastNets’ solutions, financial institutions will have immediate and cost-effective access to world-class anti-money laundering solutions to meet regulatory requirements and mitigate risk.”
Luxembourg-based Clearstream Services is the IT department of Clearstream, the international central securities depository (ICSD) within Deutsche Boerse Group.
Clearstream Services External Businesses hosts and operates an entire front and back-office banking environment through an ‘On Demand’ banking platform, providing clients with secured environment to house their IT infrastructure.
EastNets is a provider of global compliance and payment solutions and services with over 1,000 customers in 120 countries. It provides anti-money laundering, payment and transaction management solutions, and SWIFT plug-ins to add value to SWIFT connectivity to improve risk protection, transparency, and cost savings.
