SOURCE: EastNets


April 25, 2016 14:57 ET

EastNets Announces New Cutting-Edge Features of Customer and Account Profiling Anti-Money Laundering Solution

En.SafeWatch Profiling Powered With Enhanced Risk Scoring, Link Analysis Capabilities & Interactive Dashboard

NEW YORK, NY and DUBAI, UNITED ARAB EMIRATES--(Marketwired - Apr 25, 2016) - EastNets, a leading global provider of compliance, payments and cloud solutions for the financial services industry, has unveiled the new features of its leading Anti-Money Laundering Solution, en.SafeWatch Profiling, demonstrating anew its commitment to constantly enhance its solutions to help organizations better comply with regulations, mitigate risks, and increase their capabilities to effectively foil money laundering activities.

New functionalities for customer and account profiling, include enhanced risk scoring, a dynamic dashboard and visualization capabilities. Enhanced Risk Scoring allows financial institutions to monitor their customers according to the Financial Actions Task Force (FATF) Risk Based Approach. It identifies the areas where business is most vulnerable to money laundering and terrorist financing risks, and helps take the appropriate preventative measures.

Risk scoring works by identifying and monitoring high-risk countries, products/services, transactions and clients from the financial organizations' entire customer base which also helps in determining the appropriate levels of needed customer due diligence. A dynamic dashboard provides users with a holistic overview of suspicious transactions and cases being processed. The data is displayed using graphical interactive charts and tables.

 Powered by IBM -i2 Analyst's notebook, the Cross-Checker functionality provides unique link analysis and visualization capabilities leading to a more accurate customer profiling and segmentation. It allows users to centralize data from various sources, detect connections and hidden relationships between entities and individuals, and then display the results in a visual, easy-to-understand graphical manner.

Hazem Mulhim, CEO, EastNets, said: "The enhanced and highly flexible en.SafeWatch Profiling Anti-Money Laundering solution empowers financial institutions by allowing them to gain more insight into the profiles of their customers. This single-window system is equipped with contemporary yet easy-to-use features to better analyze trends and customer behaviors. Such functionalities will increase the financial institutions' ability to make informed decisions in terms of complying with regulations and combating money laundering. As criminal activities get bolder and more sophisticated, financial service institutions must efficiently respond through implementation of cutting-edge solutions. Our commitment is to support the global industry in this fight and our solutions new features are a testament to that."

EastNets has been a provider of leading compliance and payments solutions and services for more than 31 years, serving over 1000 customers including some of the largest international financial institutions across the globe. It is renowned for its competitive portfolio of solutions across various verticals, enabling it to sustain a leading market foothold and global competitiveness.

About EastNets
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. Visit

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