SOURCE: EastNets


September 21, 2011 11:53 ET

Intesa Sanpaolo Goes Live With EastNets Solution to Enhance Its Global Watchlist Filtering Operations

WATERLOO, BELGIUM and NEW YORK, NY--(Marketwire - Sep 21, 2011) - 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 joint offers to be made, which can also include 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 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.

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 and corporates around the globe. EastNets provides Compliance Solutions including anti-money laundering and anti-fraud; Resilient SWIFT Solutions for SWIFT FIN/XML reporting, duplicate detection management, disaster recovery, and outsourced SWIFT connectivity with its SWIFT Service Bureau; and Mobile Remittances Solutions enabling secure, compliant mobile remittances. In addition, EastNets delivers a full range of SAA payment architecture consulting, implementation services, training and maintenance to help clients protect, manage and improve their SWIFT environment. For more information, visit

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