About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

EastNets Partners with Refinitiv for AML, Compliance Solution

Subscribe to our newsletter

EastNets, a provider of automated compliance and payment solutions, today announced a tie-up with financial markets data and infrastructure giant Refinitiv, which will provide enhanced automated access to software and data to enable real-time risk management and enhanced compliance capabilities.

The partnership will deliver an enhanced integration of Refinitiv’s Risk Intelligence data within EastNets’ cutting-edge technology, including the en.SafeWatch Filtering (SWF) solution. EastNet’s SWF solution utilizes machine learning and data analytics to provide watchlist screening and AML detection in real-time.

According to a recent report from Refinitiv, 72% of global companies have already suffered from financial crimes such as money-laundering. In response, many of these firms are seeking to ramp up innovation and adopt technology-driven solutions in a bid to plug compliance gaps faster and more effectively.

Eastnets is one of the latest partners to join Refinitiv’s risk intelligence solution World-Check, as the firm seeks to expand its capabilities through cross-industry connections. Other recent tie-ups include Fenergo back in May 2019, and Napier and Trulioo in June.

The new partnership will combine EastNets’ SWF screening technology with Refinitiv’s API technology to integrate the World-Check Risk Intelligence data in order to help customers to manage risk and meet regulatory obligations, delivering joint services to both new and existing customers in over 190 countries.

“We’re pleased to welcome EastNets to our partnership network,” says Phil Cotter, Managing Director of the Risk business at Refinitiv. “Businesses exposed to financial crime threats must maximize their use of technology and collaborations such as this could prove key to realizing the potential of innovation to uncover criminal activity.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

New White Paper: AI and the Operational Reality of e-Comms Surveillance

The rapid expansion of electronic communications channels has fundamentally reshaped how financial firms interact with clients, counterparties and markets. Email and Bloomberg messaging have been joined by collaboration tools, instant messaging platforms, voice calls and video meetings, all of which now sit squarely within the scope of regulatory scrutiny. For compliance teams, this proliferation has...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...