SOURCE: EastNets


April 06, 2010 13:38 ET

EastNets Awarded SwiftReady Services Label for 2010

Certification Validates EastNets Capability to Perform Implementation, Integration and Upgrade Services for SWIFT Products

NEW YORK, NY and DUBAI, UAE--(Marketwire - April 6, 2010) - EastNets, a leading global provider of compliance and payments solutions, announced today that it has again been awarded the SwiftReady Services label after successfully passing the renewal criteria for 2010. The certification validates EastNets' capability to perform implementation, integration and upgrade services in 2010 for SWIFT products and solutions that include Alliance Access, Alliance Entry, Alliance Starter Set, Alliance RMA, Alliance Gateway, Alliance WebStation, CCI Screenflow over SWIFT, Solutions Integration, Cash Reporting and Funds.

The SWIFTReady certification involves three stages of validation: technical validation wherein SWIFT uses an external provider to execute the technical validation of the products applying for a SWIFTReady application label; functional validation, which consists of a detailed demonstration of the applicant product to SWIFT business experts, who assess compliance; and customer validation, which verifies customer satisfaction regarding the usage of the product.

Hazem Mulhim, CEO, EastNets, said: "The SWIFTReady label reaffirms our continuing thrust to deliver premium-quality solutions and value-added services to our growing portfolio of customers worldwide. With the certification, our customers can have complete confidence in EastNets' capabilities to provide compliance and payment solutions that have passed the most stringent quality standards."

EastNets SWIFT-ready solutions value-add SWIFT connectivity plug-ins including: en.Reporting, enabling SWIFTAlliance Access (SAA) users can benefit from one central view to investigate, monitor and report all their FIN and XML traffic within one environment; en.Recovery, enabling SAA users to restart operations within minutes after an outage instead of hours; and en.Duplicate Detection, preventing in real time emission of duplicate payments or other FIN messages sent to correspondents, and EastNets anti-money laundering solutions: en.SafeWatch Filtering, providing real-time blocking and list filtering, supporting all lists including OFAC and PEP; and en.SafeWatch Profiling, providing customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting.

About EastNets
EastNets is a leading provider of global compliance and payment solutions and services with over 1,000 customers in 120 countries. Founded in 1984, EastNets has over 25 years of experience serving financial institutions, corporates and government agencies around the globe. EastNets 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. Through its outsourced fully-hosted Service Bureau, EastNets provides SWIFT connectivity and add-on services for over 200 financial institutions. For more information, please visit

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