Compliance and payments software specialist EastNets is offering new features for its anti-money laundering (AML) solution as a service in software-as-a-service (SaaS) mode, to financial institutions (FIs).
The offering is a continuum to its installed base of customers through its direct service bureaux and its partners’ service bureaux, allowing them a better and more efficient utilisation of their resources.
Hazem Mulhim, chief executive (CEO), EastNets, said: “By continuing to outsource this service to us, clients will be able to deploy their internal resources for other tasks, cut down their cost, and focus on their core competencies. We currently have a portfolio of over 115 banks that use our SaaS and look forward to offering our AML solution as a service to more clients.”
EastNets’ AML solution SafeWatch, is installed on premises by over 500 FIs and corporates worldwide. AML modules utilise en.SafeWatch filtering and en.SafeWatch profiling that enables customers to stop suspicious transactions taking place in real-time.
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