NEW YORK, NY and DUBAI, UNITED ARAB EMIRATES — (Marketwired) — 04/09/13 — EastNets, a leading global provider of compliance and payments solutions, announces it has been named the 2013 Kinetic Process Innovation Award winner for its en.Service Bureau solution deployed at Ansbacher Bahamas.
EastNets helped the bank reduce complexity, cost and risk related to payments and other international financial transactions through its SWIFT connectivity. Now in its 17th year, the awards program recognizes EastNets- excellence in the financial technology applications and this year-s award is sponsored by High Tech Views, an online publication that reports on technology innovation.
Hazem Mulhim, CEO, EastNets, said, “This latest recognition reaffirms our steadfast commitment to develop and provide our customers with cutting-edge technologies that not only give them the confidence and security of being protected against risk but also help achieve more productivity and increased efficiencies in their operations. The deployment of our en.Service Bureau solution at Ansbacher Bahamas has perfectly demonstrated the benefits of a fully hosted SWIFT connectivity solution that has helped the bank free up internal resources, reduce cost and offload the risk and liability associated with managing their connection to SWIFT.”
“Our partnership with EastNets therefore serves as a reaffirmation of our commitment to provide premium-quality financial services to our customers. We are very satisfied with level of support that we have received from EastNets, from installation through to continuing professional support,” said Frank Thurston, Head of IT at Ansbacher Bahamas.
The en.Service Bureau-s seamless connectivity to the SWIFT network helps Ansbacher banking operations maintain a competitive edge. In addition, the en.Service Bureau significantly reduced the drain on Ansbacher internal resources and managed SWIFT-s frequent mandatory and costly upgrades. EastNets- service model substantially saved the bank time in deployment and optimized operations.
The awards program was founded by Kinetic Information LLC in 1996 and sponsored by High Tech Views, recognize innovation in the application of information technology. Awards focus on the business benefits user organizations derive from their technology systems. Winners are selected by a panel of experts consisting of independent professionals who are recognized authorities in their fields. The judging process is free of any vendor or other bias so the emphasis remains on the business benefits provided by each winning implementation. For more information, visit
, is a leading provider of global compliance and payments solution and services, with offices across the global and a wide reaching network of partners and resellers. A veteran in the industry with over 30 years of experience and a client base of 1,000 customers in 120 countries, EastNets provides regulatory compliance solutions for Anti-Money Laundering, KYC, Watch List Filtering, Sanctions screening, FATCA Compliance, regulator reporting and duplicate message detection, and a wide range of professional services. Via its partner network, EastNets also offers outsourced solutions-as-a-service, AML and SWIFT solutions. Industry analysts have accredited EastNets annually with high rankings among the top players. EastNets is also a pioneer in Mobile Remittances Solutions enabling secure, compliant mobile remittances. More info at .
Media Contact:
Dawn Fontaine
Ripple Effect Communications
P. 617-536-8887
E.
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