EastNets Introduces Advanced Detection Techniques

Combining Focused AML Solutions with Effective Actionable Intelligence Link Analysis and Visualization Tool

June 5, 2014

EastNets, a leading global provider of compliance and payments solutions and services for financial institutions and corporates, today announced the integration of EastNets’ Anti-Money Laundering (AML) Solutions with IBM® i2® Analyst’s Notebook® Premium. The integrated offering will help EastNets’ clients perform deeper analysis of their Anti-Money Laundering cases by capturing the relevant values within the massive amounts of information displayed. This new powerful addition will allow analysts to quickly collate, analyze and visualize data from various sources while reducing the time required to discover key information in huge complex data, thus allowing the detection of key people, events, connections and patterns that might otherwise be missed.

The integrated offering enhances EastNets’ AML Solution with a highly visual interface to bring powerful analytics that complement its Transaction Monitoring, FATCA Compliance and Regulatory Reporting flagship capabilities delivered by en.SafeWatch Profiling. It equips en.SafeWatch Profiling with a state of the art analytics and link analysis capabilities from IBM, enabling EastNets’ AML clients to address a comprehensive spectrum of Regulatory Compliance needs.

EastNets’ Anti-Money Laundering Solution also provides comprehensive enterprise risk management protection for financial institutions, covering Sanctions Screening, Transaction Monitoring, real-time cross channel anti-fraud solutions, and regulatory reporting. As part of the integration with IBM i2 Analyst’s Notebook Premium, EastNets’ clients will benefit from the IBM i2 link analysis and visualization tool, which adds a new level of intelligence analysis to EastNets AML solutions. This helps organizations reveal complex and hidden relationships and networks, patterns of transfers between correspondent banks, patterns of transactions between internal accounts, customers, and external entities, patterns of recurring originators and beneficiaries in funds transfer, and other complex relationships.

“EastNets has chosen IBM i2 Analyst’s Notebook Premium because of its powerful search and query capabilities which can provide analysis-ready data to build a single cohesive intelligence picture,” said Hazem Mulhim, CEO, EastNets. “It performs effective analysis of a wide range of data types with a flexible modeling and visualization environment. This new collaboration will bring EastNets’ compliance solutions full circle, and offer our clients a fast, simple and cost-effective path to business insight and better decision making. We are confident that our integration with IBM will enable us to offer best in breed, highly advanced data analytics and visualization which will enhance the understanding and depth of the intelligence products for more effective resource utilization and will help financial institutions address the ever expanding needs to deal with a large amount of complex data.”