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THE CHALLENGES Duplicate SWIFT messages can result in significant and avoidable costs for your SWIFT Alliance Access (SAA) environment. SAA can stop duplicate messages only in the case of a 100% match with a previously sent message, meaning that all fields have the same values. If just one field has a different value, SAA considers the message to be unique and sends it over the network. With SWIFT Alliance Access, detection occurs only against all non-archived messages present in the Access database. THE SOLUTION EastNets' en.Duplicate Detection plug-in enables SAA users to detect in real time all types of duplicate messages: a full duplicate, a duplicate of non-Acknowledged messages (NAK), a non-configured message, and so on. These options allow the user to fine-tune detection between en.Duplicate Detection Application and SAA. Users are thus able to prevent the emission of outgoing payments and processing of incoming duplicate payments. As a result, the costs and complications of do

SEPA, the single Euro Payment Area, is a framework designed by the European Payment Council to improve the efficiency of cross-border payments in Europe and turn the fragmented national markets for euro payments into a single one. SEPA will enable customers to make cashless euro payments to anyone located anywhere in the European Union (EU) using a single bank account and a standard set of payment instructions. The SEPA Regulation marked the 1 February 2014 as the point at which all credit transfers and direct debits in euro would be made under the same format: SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD). The 17 countries of the Eurozone have been fully operational for the past year. The 18 other countries of the SEPA zone with non-Euro domestic currencies, must also comply with SEPA migration deadlines by 2016. How are you going to make your payment workflows ready for processing SEPA Credit Transfer and Direct Debit in time without turning your IT infrastructure and res

THE CHALLENGES The banking sector today is facing rapid changes in payment infrastructures across new regulations, rules, and messaging formats. Meeting these challenges requires a strategic response to revisit IT infrastructure, business or operational processes, and financial messaging workflows. In this context, financial institutions need a messaging service platform that can centralize the straight-through processing (STP) of multiple financial workflows. EastNets offers a modular solution that allows different levels of customization or integration and can integrate with SWIFT, payment market infrastructures, and ACH and RTGS networks. THE SOLUTION en.PaymentSafe® is a financial messaging hub that unifies workflow processing with multiple payment networks in a single platform powered with a suite of services to optimize STP, clearing & settlement processes, and operational effi¬ciency. It acts as an intelligent central engine for payment information capture and mapping. It c

Meet today’s complex regulatory and payment challenges with EastNets flexible, configurable, and globally recognized anti-money laundering software used today by over 600 financial institutions and corporates worldwide. Real-Time Web-Based Watch List Filtering With EastNets top ranked en.SafeWatch Filtering compliance solution, customers will get the following key benefits: Manage and Control Risk in Real Time Ensure Compliance with AML Laws and Regulations Control Costs with Rapid Deployment and Implementation Reduce Workload and Increase work efficiency with Reduced False Positives Streamline Processes and Improve Operational Efficiencies Transaction Monitoring AML with powerful Analytics and Visualization Capabilities EastNets Transaction Monitoring Solution en.SafeWatch Profiling main features: Automatically detect suspicious activity using rule-based and behavior-based logic. Offers Advanced Visualization: a powerful tool that allows users to display in an interactive graphical r

Reduce costs, free up internal resources, and offload your risks and liabilities by outsourcing your infrastructure to EastNets with the following solutions: SWIFT Service Bureau EastNets en.Service Bureau provides outsourced SWIFT connectivity, used today by over 260 financial institutions and corporates. EastNets offers the following SWIFT connectivity solutions: Gateway Connectivity Fully Managed Hosting Shared Alliance Access Server Disaster Recovery Connectivity FileAct Service Anti-Money Laundering SWIFT Duplicate Detection Hosted Banking and Trade Services Portal Solutions EastNets hosts Portal Solutions via its Service Bureau network for banks, corporates, securities and insurance companies to access a variety of financial and SWIFT messaging, content and compliance services, from payments to trading, and offers clients access to static information such as market data, financial news, reference data EAI, watchlist/OFAC filtering and IBAN validation.

THE CHALLENGES Financial institutions own large amounts of data, which requires them to perform queries for historical data. They must also generate various reports to meet regulatory compliance requirements (Auditing, Central banks, EMIR standards, FINTRAC, etc.). Financial institutions must be aware of receiving large amounts of transactions to speed the Straight-Through Processing (STP) settlement process or be notified of events occurring in the System Log. For all these reasons, financial institutions have to know their current positions in real time to make the right business decisions. THE SOLUTION By deploying en.TransactionDataRepository, financial institutions can produce and design activity reports (technical and business reports) both routinely and on demand. They can also preview their business and performance behavior in real time via graphical charts. en.TDR allows the user to search Payments Messages using criteria ranging from simple to very complex. Traffic and trigg

What will happen to your SWIFT messages in case of SWIFT Alliance Access software failure or Alliance Access database failure? This is one of the most important problems faced by institutions, and one that poses significant risk that can be eliminated with the protection that en.Recovery provides. en.Recovery provides full backup and recovery capabilities to protect your payment environment, and manage outage recovery of your SWIFTAlliance Access environment. A unique set of benefits which will give you: Global protection against Database corruption In addition to protecting you against physical failures and database software failures, en.Recovery also protects you against potential SAA software failures. Resume operations in a matter of minutes: Because it is an application-level tool, en.Recovery enables you to resume operations on an SAA cold backup in a matter of minutes. en.Recovery guards against multiple system failure risks. Database corruptions can result from a physical fail

THE CHALLENGES Managing corporate banking relationships is extremely complex and demanding. It is filled with challenges, such as overseeing connectivity with multiple banks, handling multiple payment types and formats, keeping up with changing and varied communications requirements, and dealing with inconsistent security standards. Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides financial institutions (FIs) with access to more than 10,000 institutions in over 200 countries. Many organizations believe connecting to SWIFT is expen­sive, complex, and time consuming. In addition to mem­bership and licensing, the cost of hardware, communica­tions, and expertise may seem prohibitive. Now there’s a way to overcome such real or mental barriers. To ensure seamless, continuous access to the SWIFT Network, EastNets offers outsourced SWIFT connectivity and infrastructure via its own service bureau. Through this option, EastNets provides a cost-effective way for SWIFT