Web?based AML Application's Simplicity, Flexibility and Open Architecture Drive Strong Demand

Dubai - May 5, 2009 ? EastNets, a leading global provider of compliance and payments solutions and services for financial institutions and corporates, has announced that its en.SafeWatch Profiling solution has been named the 4th top?selling anti?money laundering (AML) solution for 2008 by IBS Publishing.

IBS manages several unbiased publications and events throughout the world focusing on the back office banking systems and operations market. Its latest AML market survey analyzed results from 21 vendors for AML licenses sold in 2008.

"EastNets has done particularly well, achieving 21 wins in its first year offering a transaction monitoring solution," said James Ling, Senior Reporter at IBS Publishing. "With its experience in watchlist filtering, this seems like a natural step for the supplier and it has made quick work in signing up new clients."

"The popularity of en.SafeWatch Profiling lies in the fact that it was designed to be both simple and flexible. This application is built on the same open architecture used in all of our products and is fully customizable to be compatible with various applications and formats. We are very pleased with this honor and top ranking, which reflects both the technological and market superiority of our AML portfolio," said Hazem Mulhim, CEO, EastNets.

en.SafeWatch Profiling is a web?based application that delivers customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting.

It can be easily integrated with any banking application to capture data quickly and cost?effectively. Although the system comes with predefined import formats, business rules and reports, it can also be customized to meet unique client specifications.

EastNets solutions include: en.SafeWatch Filtering, providing real?time blocking and list filtering, supporting all lists including OFAC and PEP; en.SafeWatch Profiling, providing customer and account monitoring and profiling, risk scoring, peer group analysis, case management and regulatory reporting; and value?add SWIFT connectivity plug?ins including: en.Recovery, enabling SAA users to restart operations within minutes after an outage instead of hours; en.Reporting for FIN and XML traffic monitoring and reporting; and en.Duplicate Detection, preventing in real time emission of duplicate payments or other FIN messages sent to correspondents.

EastNets' en.SafeWatch Filtering solution was ranked by the Celent analyst firm as a leading watch list filtering solution used today by over 300 customers in 80 countries.

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About IBS Publishing
IBS Publishing provides independent, authoritative and detailed Journals, Reports and Guides dedicated to the banking and corporate treasury operations and systems market. We cover every aspect, including banking, implementations, selection, functionality, regulations and other key issues affecting the industry. The IBS AML Sales League Table acts as an independent barometer for sales within the AML systems space, identifying the key trends and drivers. Visit www.ibspublishing.com for more information.

About EastNets
EastNets is a leading provider of global compliance and payment solutions and services with over 900 customers in 120 countries. Founded in 1984, EastNets has over 25 years of experience serving financial institutions, corporates and government agencies around the globe. EastNets provides anti?money laundering, payment and transaction management solutions, and SWIFT plug?ins to add value to SWIFT connectivity to improve risk protection, transparency, and cut costs to preserve your bottom line. Through its outsourced fully?hosted Service Bureau, EastNets provides SWIFT connectivity and add?on services for over 200 financial institutions. For more information, please visit www.eastnets.com.

For further information, please contact:
Orient Planet PR & Marketing Communications
Tel: +971 43988901
Fax: +971 43988941
P.O.Box 23345, Dubai, UAE
Email: info@orientplanet.com
Website: www.orientplanet.com

© Press Release 2009