Eastnets - Comprehensive Analysis Report

Summary

Eastnets is a global provider of compliance and payment solutions for the financial services sector, founded in 1984 by Hazem Mulhim. With over 40 years of experience, the company is dedicated to enabling safe and secure participation in the global financial economy. Eastnets' core mission is to offer responsive, adaptable services that address partner challenges by delivering flexible solutions that scale effectively, ultimately contributing to a safer and more trustworthy global financial landscape. The company serves approximately 800 financial institutions worldwide, including 15 of the top 50 banks and 22 central banks, across more than 120 countries. Headquartered in Dubai, UAE, with other key offices in Waterloo, Belgium, and New York, USA, Eastnets aims to lead the financial and payment sector toward a dynamic and secure future by safeguarding it from financial crime.

1. Strategic Focus & Objectives

Core Objectives

Eastnets' strategic focus is firmly rooted in protecting the global financial system from financial crime and ensuring efficient, compliant, and secure payment processing. Key objectives include:

• Preventing Financial Fraud: Deploying advanced technologies for proactive detection and mitigation of various forms of financial fraud.

• Combating Anti-Money Laundering (AML): Providing sophisticated platforms that leverage behavioral analytics and flexible rule creation for comprehensive transaction monitoring and risk scoring.

• Ensuring Regulatory Adherence: Developing solutions that align with global regulatory standards, such as FATF recommendations and ISO 20022 requirements.

• Driving Innovation: Continuously enhancing their offerings through advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to deliver real-time insights and enhanced compliance.

Specialization Areas

Eastnets specializes in providing end-to-end compliance, payment, and cloud solutions. Their unique value proposition lies in their modular, AI-powered platforms that help financial institutions manage risk through comprehensive screening, monitoring, analysis, and reporting. The company excels in:

• Sanctions screening

• Transaction monitoring

• Customer due diligence (KYC)

• Real-time fraud detection across various payment channels

• Trade-based financial crime prevention

Target Markets

Eastnets primarily targets:

• Financial Institutions: Banks, central banks, and other financial entities grappling with financial crime risks, regulatory changes, and payments transformation.

• Corporates: Large corporations requiring secure and compliant payment processing and financial crime prevention.

• Government Agencies: Entities needing robust solutions to enforce regulatory compliance and combat illicit financial activities.

Their market positioning emphasizes combining deep industry expertise with cutting-edge technology to offer comprehensive, adaptable solutions globally.

2. Financial Overview

Funding History

Eastnets is a privately held company. While it typically does not engage in traditional venture capital funding rounds, PitchBook records one "Accelerator/Incubator Backed" deal on June 13, 2024. The company is confirmed to be generating revenue. Eastnets' estimated annual revenue is cited through various sources to be between $81.6 million and $230 million.

3. Product Pipeline

Eastnets continuously develops and enhances its suite of compliance and payment solutions, forming its comprehensive product pipeline. Recent launches and ongoing developments focus on addressing evolving financial crime and compliance challenges. Key solutions include:

• SafeWatch AML: An advanced anti-money laundering platform utilizing behavioral analytics and flexible rule-creation for transaction monitoring and risk scoring.

• SafeWatch KYC: A customer due diligence solution that automates identity verification, streamlines onboarding, and continuously monitors customer risk through dynamic scoring methodologies.

• SafeWatch Screening: A real-time sanctions and Politically Exposed Persons (PEP) screening solution that uses AI to reduce false positives and improve detection accuracy.

• PaymentGuard: An AI-powered, multi-channel anti-fraud technology designed to detect and act on fraudulent payments, including SWIFT payments, using machine learning.

• SafeTrade: A platform specifically designed for detecting and preventing trade-based financial crime, integrating advanced AI algorithms, document digitization, vessel tracking, and data integration. It received a 2024 silver medal award in the Best AML Transaction Monitoring Innovation category from Datos Insights.

• ChainFeed: Provides real-time, blockchain-powered updates for sanctions lists and compliance rules, enhancing speed and accuracy.

• PaymentSafe: A modular payment platform supporting secure, compliant, and efficient processing of payment messages.

• Confirmation of Payee (Taakeed): A service launched in Saudi Arabia in October 2025, aimed at reducing fraud, improving transaction confidence, and enhancing customer trust by verifying payee details.

• SWIFT Certified Service Bureau: Offers outsourced SWIFT connectivity and compliance software solutions with managed operations and 24/7 support.

Eastnets' development roadmap is aligned with evolving regulations, market needs, and technological disruptions, particularly in AI, blockchain, and cloud computing.

4. Technology & Innovation

Technology Stack

Eastnets distinguishes itself through its agile, AI-powered technological platform designed to combat financial crime and streamline payment operations.

• Core Platforms and Technologies: The company utilizes proprietary machine learning models that continuously learn and adapt to new fraud tactics and evolving threats. Their solutions analyze historical data, customer behavior, and fraud patterns to calculate risk scores, employing advanced algorithms for enhanced detection accuracy and real-time processing.

• Proprietary Developments: Eastnets has developed AI-driven models that combine human and machine intelligence, focusing on reducing false positives, offering explainability and transparency for regulators, and integrating seamlessly into existing AML and fraud prevention systems. They implement sophisticated behavioral analytics and flexible rule-creation in their AML solutions.

• Scientific Methodologies: Their AI capabilities include real-time transaction monitoring across multiple payment channels, predictive fraud analytics that identify potential fraud before payment execution, and self-learning models that continuously evolve to detect various fraud schemes. These AI-powered tools provide risk assessments from trillions of analyzed transactions. The SafeTrade solution leverages Generative AI and Large Language Models (LLMs) to analyze historical trade data and build accurate pricing models for commodity, region, and transaction history to detect anomalies like over-under pricing.

• Blockchain Integration: Eastnets is an early adopter and founding member of INATBA (International Association for Trusted Blockchain Applications), actively contributing to blockchain initiatives to enhance compliance, particularly for real-time sanctions list updates through its ChainFeed solution. This technology ensures sanctions lists and compliance rules reflect the latest regulatory changes promptly.

• Patents and Intellectual Property: Past patent activity includes a "Mobile remittance computer system and method" with a first filing date in 2010.

5. Leadership & Management

Executive Team

Eastnets is led by an experienced executive team:

• Hazem Mulhim (Founder & CEO): Founded Eastnets in 1984 and has guided the company for over 40 years, championing its vision for secure participation in the global economy.

• Deya Innab (Deputy CEO): Focuses on purposeful innovation within the company and has been instrumental in developing Eastnets' global growth strategy. She has led initiatives for solutions such as ChainFeed.

• Luay Gadallah (Chief Technology Officer): Responsible for adapting technologies in response to shifts in financial compliance, payments, and anti-fraud technologies. He leads a global team and identifies growth opportunities and new technologies.

• Fahed Abu Hijleh (Chief Sales Officer): Emphasizes the importance of knowledge in financial crime risk mitigation.

• Elie Fernaini (Chief Financial Officer): Dedicated to achieving and sustaining growth for Eastnets.

Recent Leadership Changes

Eastnets has recently strengthened its corporate governance with several new board appointments focusing on independent directors.

• April 2024 Board Appointments: Four independent Board Directors were appointed:

• Jochen Biedermann: Brings extensive knowledge in global financial strategies and fintech innovation.

• Sophie Bertin Hadjiveltcheva: Offers expertise in EU regulations and financial crisis management.

• Marwan M. Bataineh: Contributes over four decades of IT and professional services experience, including leadership at the Amman Stock Exchange.

• Thomas Krantz: Brings a strategic focus from his experience within financial services and regulatory frameworks, including his role as Secretary General of the World Federation of Exchanges.

• October 2024 Appointment: Khalid AlGwaiz was appointed as an Independent Board Member for Eastnets in Saudi Arabia and an Advisor to the Global Board of Directors. He brings over 37 years of experience in banking and financial services.

6. Talent and Growth Indicators

Hiring Trends and Workforce

Eastnets demonstrates active growth through continuous recruitment. Current open positions indicate a focus on expanding capabilities across several key areas:

• Sales and Business Development: Roles like Sales Account Manager across multiple regions (Jordan, UAE, KSA, Kenya) suggest a drive for market expansion and customer acquisition.

• Product and Software Development: Recruitment for positions such as Product Development Manager (Trade-Based Money Laundering solution) and Senior Software Development Manager signifies investment in enhancing and diversifying its product portfolio, particularly in cutting-edge areas like TBML.

• Technical and Implementation: Hiring for Pre-sales Consultants and Technical Consultants indicates a need to support sales efforts and implement complex solutions for clients, especially with a need for French speakers for roles like Implementation Project Manager (Lebanon).

• Operational Support: Roles such as IT Systems Administrator and HR Systems & Data Analyst ensure the scalability and efficiency of internal operations.

• Marketing: A Digital Marketing and Lead Generation Manager role highlights the company's commitment to strengthening its digital footprint and inbound lead generation.

Company Size and Expansion Metrics

Eastnets serves over 800 financial institutions globally, including 15 of the top 50 banks and 22 central banks, spanning more than 120 countries. The consistent growth in its client base and expansion into new regions (like Saudi Arabia with the "Taakeed" service) signify a strong growth trajectory. The internal hiring across diverse functions supports the expanding operational demands and strategic goals. The company emphasizes customer satisfaction and aims to deliver high-value solutions, reinforcing its leadership position. Eastnets reportedly has 380 employees.

7. Social Media Presence and Engagement

Digital Footprint

Eastnets maintains an active digital presence, leveraging various channels to communicate its brand message and engage with its target audience. The company employs a Digital Marketing and Lead Generation Manager, indicating a strategic approach to its online activities.

• Brand Messaging and Positioning: Eastnets uses its digital platforms to reinforce its position as a global leader in compliance and payment solutions, focusing on safeguarding the financial sector from financial crime through innovative, AI-powered technology. They promote secure financial inclusion and highlight their expertise in AML, sanctions screening, and fraud prevention.

• Community Engagement Strategies: The company actively develops compelling and industry-relevant content, including blogs, whitepapers, and case studies, to drive lead engagement and establish thought leadership. These efforts aim to foster discussions around critical topics such as payment compliance, environmental crime, and terrorism funding.

• Thought Leadership Initiatives: Eastnets regularly publishes insights and commentary on evolving financial crime trends, regulatory changes, and technological advancements, particularly in AI and automation. They collaborate with research entities like Finextra to unveil reports, demonstrating their commitment to informing the industry.

• Notable Campaigns or Content: Content often highlights their solutions like SafeWatch AML, PaymentGuard, and SafeTrade, showcasing how these platforms help financial institutions manage risk and ensure compliance. Their digital marketing efforts include optimizing website content for search engines and AI platforms, and managing paid search campaigns to maximize ROI and lead generation.

8. Recognition and Awards

Industry Recognition

Eastnets has received significant industry recognition and accolades, highlighting its leadership and innovation in financial crime compliance and payment solutions.

• 2025 MEA Finance Banking Technology Awards: Awarded 'Most Innovative Payment Solutions Provider' and 'Best AML/KYC Solution'. In Saudi Arabia, Eastnets received additional 2025 MEA Finance Awards for 'Most Innovative Cloud Services Provider (Swift Service Bureau)', 'Best AML/KYC Solution Provider (SafeWatch KYC)', 'Most Innovative Payment Solutions Provider (PaymentSafe)', 'Best Cross-Border Payments Technology Provider', and 'Best Anti-Fraud and KYC Payments Solution (PaymentGuard)'.

• 2024 Regulation Asia Awards for Excellence: Received 'Highly Commended' recognition for its trade-based money laundering (TBML) and compliance solution, SafeTrade, acknowledging its effectiveness in addressing trade compliance challenges.

• 2024 Datos Insights Impact Awards in AML: SafeTrade earned the silver medal award in the 'Best AML Transaction Monitoring Innovation' category.

• Chartis RiskTech100® 2025 Rankings: Rose to 54th place globally and secured an award for its trade-based AML solution, demonstrating leadership in tackling financial crime risks in global trade. In the inaugural Financial Crime and Compliance50 (FCC50) ranking by Chartis Research in April 2024, Eastnets was ranked 14th among the top 50 vendors, praised for advancing compliance solutions.

• 2013 Global Custodian Awards for Excellence: Named a finalist in the Compliance award category for its suite of compliance solutions.

9. Competitive Analysis

Eastnets operates in a highly competitive market for financial crime compliance and payment solutions. Key competitors offer similar services, challenging Eastnets to continuously innovate and differentiate.

• NICE Actimize: A major provider of financial crime, risk, and compliance solutions, often ranked highly in the sector. They offer comprehensive platforms encompassing AML, fraud detection, and regulatory compliance.

• Oracle Financial Services AML Transaction Monitoring: Oracle provides a strong suite of financial services software, including AML transaction monitoring solutions, leveraging its extensive enterprise software presence.

• FICO TONBELLER: Known for its integrated suite of financial crime and compliance solutions, including AML, fraud, and risk management.

• Fircosoft (LexisNexis Risk Solutions): Specializes in sanctions screening and watch list management, playing a critical role in regulatory compliance for financial institutions.

• Feedzai: A leading platform powered by artificial intelligence and big data, focused on making commerce safe through fraud prevention and risk management.

• SEON. Fraud Fighters: Provides AI and machine learning-driven solutions for fraud prevention across various online businesses. [cite# Eastnets - Comprehensive Analysis Report

Summary

Eastnets is a global provider of compliance and payment solutions for the financial services sector, founded in 1984 by Hazem Mulhim. With over 40 years of experience, the company is dedicated to enabling safe and secure participation in the global financial economy. Eastnets' core mission is to offer responsive, adaptable services that address partner challenges by delivering flexible solutions that scale effectively, ultimately contributing to a safer and more trustworthy global financial landscape. The company serves approximately 800 financial institutions worldwide, including 15 of the top 50 banks and 22 central banks, across more than 120 countries. Headquartered in Dubai, UAE, with other key offices in Waterloo, Belgium, and New York, USA, Eastnets aims to lead the financial and payment sector toward a dynamic and secure future by safeguarding it from financial crime.

1. Strategic Focus & Objectives

Core Objectives

Eastnets' strategic focus is firmly rooted in protecting the global financial system from financial crime and ensuring efficient, compliant, and secure payment processing. Key objectives include:

• Preventing Financial Fraud: Deploying advanced technologies for proactive detection and mitigation of various forms of financial fraud.

• Combating Anti-Money Laundering (AML): Providing sophisticated platforms that leverage behavioral analytics and flexible rule creation for comprehensive transaction monitoring and risk scoring.

• Ensuring Regulatory Adherence: Developing solutions that align with global regulatory standards, such as FATF recommendations and ISO 20022 requirements.

• Driving Innovation: Continuously enhancing their offerings through advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to deliver real-time insights and enhanced compliance.

Specialization Areas

Eastnets specializes in providing end-to-end compliance, payment, and cloud solutions. Their unique value proposition lies in their modular, AI-powered platforms that help financial institutions manage risk through comprehensive screening, monitoring, analysis, and reporting. The company excels in:

• Sanctions screening

• Transaction monitoring

• Customer due diligence (KYC)

• Real-time fraud detection across various payment channels

• Trade-based financial crime prevention

Target Markets

Eastnets primarily targets:

• Financial Institutions: Banks, central banks, and other financial entities grappling with financial crime risks, regulatory changes, and payments transformation.

• Corporates: Large corporations requiring secure and compliant payment processing and financial crime prevention.

• Government Agencies: Entities needing robust solutions to enforce regulatory compliance and combat illicit financial activities.

Their market positioning emphasizes combining deep industry expertise with cutting-edge technology to offer comprehensive, adaptable solutions globally.

2. Financial Overview

Funding History

Eastnets is a privately held company. While it typically does not engage in traditional venture capital funding rounds, PitchBook records one "Accelerator/Incubator Backed" deal on June 13, 2024. The company is confirmed to be generating revenue. Eastnets' estimated annual revenue is cited through various sources to be between $81.6 million and $230 million.

3. Product Pipeline

Eastnets continuously develops and enhances its suite of compliance and payment solutions, forming its comprehensive product pipeline. Recent launches and ongoing developments focus on addressing evolving financial crime and compliance challenges. Key solutions include:

• SafeWatch AML: An advanced anti-money laundering platform utilizing behavioral analytics and flexible rule-creation for transaction monitoring and risk scoring.

• SafeWatch KYC: A customer due diligence solution that automates identity verification, streamlines onboarding, and continuously monitors customer risk through dynamic scoring methodologies.

• SafeWatch Screening: A real-time sanctions and Politically Exposed Persons (PEP) screening solution that uses AI to reduce false positives and improve detection accuracy.

• PaymentGuard: An AI-powered, multi-channel anti-fraud technology designed to detect and act on fraudulent payments, including SWIFT payments, using machine learning.

• SafeTrade: A platform specifically designed for detecting and preventing trade-based financial crime, integrating advanced AI algorithms, document digitization, vessel tracking, and data integration. It received a 2024 silver medal award in the Best AML Transaction Monitoring Innovation category from Datos Insights. [cite: 7]

• ChainFeed: Provides real-time, blockchain-powered updates for sanctions lists and compliance rules, enhancing speed and accuracy.

• PaymentSafe: A modular payment platform supporting secure, compliant, and efficient processing of payment messages.

• Confirmation of Payee (Taakeed): A service launched in Saudi Arabia in October 2025, aimed at reducing fraud, improving transaction confidence, and enhancing customer trust by verifying payee details. [cite: 5]

• SWIFT Certified Service Bureau: Offers outsourced SWIFT connectivity and compliance software solutions with managed operations and 24/7 support.

Eastnets' development roadmap is aligned with evolving regulations, market needs, and technological disruptions, particularly in AI, blockchain, and cloud computing.

4. Technology & Innovation

Technology Stack

Eastnets distinguishes itself through its agile, AI-powered technological platform designed to combat financial crime and streamline payment operations.

• Core Platforms and Technologies: The company utilizes proprietary machine learning models that continuously learn and adapt to new fraud tactics and evolving threats. Their solutions analyze historical data, customer behavior, and fraud patterns to calculate risk scores, employing advanced algorithms for enhanced detection accuracy and real-time processing.

• Proprietary Developments: Eastnets has developed AI-driven models that combine human and machine intelligence, focusing on reducing false positives, offering explainability and transparency for regulators, and integrating seamlessly into existing AML and fraud prevention systems. They implement sophisticated behavioral analytics and flexible rule-creation in their AML solutions.

• Scientific Methodologies: Their AI capabilities include real-time transaction monitoring across multiple payment channels, predictive fraud analytics that identify potential fraud before payment execution, and self-learning models that continuously evolve to detect various fraud schemes. These AI-powered tools provide risk assessments from trillions of analyzed transactions. The SafeTrade solution leverages Generative AI and Large Language Models (LLMs) to analyze historical trade data and build accurate pricing models for commodity, region, and transaction history to detect anomalies like over-under pricing. [cite: 19]

• Blockchain Integration: Eastnets is an early adopter and founding member of INATBA (International Association for Trusted Blockchain Applications), actively contributing to blockchain initiatives to enhance compliance, particularly for real-time sanctions list updates through its ChainFeed solution. This technology ensures sanctions lists and compliance rules reflect the latest regulatory changes promptly.

• Patents and Intellectual Property: Past patent activity includes a "Mobile remittance computer system and method" with a first filing date in 2010.

5. Leadership & Management

Executive Team

Eastnets is led by an experienced executive team:

• Hazem Mulhim (Founder & CEO): Founded Eastnets in 1984 and has guided the company for over 40 years, championing its vision for secure participation in the global economy.

• Deya Innab (Deputy CEO): Focuses on purposeful innovation within the company and has been instrumental in developing Eastnets' global growth strategy. She has led initiatives for solutions such as ChainFeed. [cite: 26]

• Luay Gadallah (Chief Technology Officer): Responsible for adapting technologies in response to shifts in financial compliance, payments, and anti-fraud technologies. He leads a global team and identifies growth opportunities and new technologies.

• Fahed Abu Hijleh (Chief Sales Officer): Emphasizes the importance of knowledge in financial crime risk mitigation.

• Elie Fernaini (Chief Financial Officer): Dedicated to achieving and sustaining growth for Eastnets.

Recent Leadership Changes

Eastnets has recently strengthened its corporate governance with several new board appointments focusing on independent directors.

• April 2024 Board Appointments: Four independent Board Directors were appointed:

• Jochen Biedermann: Brings extensive knowledge in global financial strategies and fintech innovation.

• Sophie Bertin Hadjiveltcheva: Offers expertise in EU regulations and financial crisis management.

• Marwan M. Bataineh: Contributes over four decades of IT and professional services experience, including leadership at the Amman Stock Exchange.

• Thomas Krantz: Brings a strategic focus from his experience within financial services and regulatory frameworks, including his role as Secretary General of the World Federation of Exchanges.

• October 2024 Appointment: Khalid AlGwaiz was appointed as an Independent Board Member for Eastnets in Saudi Arabia and an Advisor to the Global Board of Directors. He brings over 37 years of experience in banking and financial services.

6. Talent and Growth Indicators

Hiring Trends and Workforce

Eastnets demonstrates active growth through continuous recruitment. Current open positions indicate a focus on expanding capabilities across several key areas:

• Sales and Business Development: Roles like Sales Account Manager across multiple regions (Jordan, UAE, KSA, Kenya) suggest a drive for market expansion and customer acquisition.

• Product and Software Development: Recruitment for positions such as Product Development Manager (Trade-Based Money Laundering solution) and Senior Software Development Manager signifies investment in enhancing and diversifying its product portfolio, particularly in cutting-edge areas like TBML.

• Technical and Implementation: Hiring for Pre-sales Consultants and Technical Consultants indicates a need to support sales efforts and implement complex solutions for clients, especially with a need for French speakers for roles like Implementation Project Manager (Lebanon).

• Operational Support: Roles such as IT Systems Administrator and HR Systems & Data Analyst ensure the scalability and efficiency of internal operations.

• Marketing: A Digital Marketing and Lead Generation Manager role highlights the company's commitment to strengthening its digital footprint and inbound lead generation. [cite: 28]

Company Size and Expansion Metrics

Eastnets serves over 800 financial institutions globally, including 15 of the top 50 banks and 22 central banks, spanning more than 120 countries. The consistent growth in its client base and expansion into new regions (like Saudi Arabia with the "Taakeed" service) signify a strong growth trajectory. The internal hiring across diverse functions supports the expanding operational demands and strategic goals. The company emphasizes customer satisfaction and aims to deliver high-value solutions, reinforcing its leadership position. [cite: 1, 16] Eastnets reportedly has 380 employees. [cite: 12]

7. Social Media Presence and Engagement

Digital Footprint

Eastnets maintains an active digital presence, leveraging various channels to communicate its brand message and engage with its target audience. The company employs a Digital Marketing and Lead Generation Manager, indicating a strategic approach to its online activities. [cite: 28]

• Brand Messaging and Positioning: Eastnets uses its digital platforms to reinforce its position as a global leader in compliance and payment solutions, focusing on safeguarding the financial sector from financial crime through innovative, AI-powered technology. They promote secure financial inclusion and highlight their expertise in AML, sanctions screening, and fraud prevention. [cite: 25, 27]

• Community Engagement Strategies: The company actively develops compelling and industry-relevant content, including blogs, whitepapers, and case studies, to drive lead engagement and establish thought leadership. [cite: 28] These efforts aim to foster discussions around critical topics such as payment compliance, environmental crime, and terrorism funding. [cite: 27]

• Thought Leadership Initiatives: Eastnets regularly publishes insights and commentary on evolving financial crime trends, regulatory changes, and technological advancements, particularly in AI and automation. They collaborate with research entities like Finextra to unveil reports, demonstrating their commitment to informing the industry. [cite: 19]

• Notable Campaigns or Content: Content often highlights their solutions like SafeWatch AML, PaymentGuard, and SafeTrade, showcasing how these platforms help financial institutions manage risk and ensure compliance. Their digital marketing efforts include optimizing website content for search engines and AI platforms, and managing paid search campaigns to maximize ROI and lead generation. [cite: 28]

8. Recognition and Awards

Industry Recognition

Eastnets has received significant industry recognition and accolades, highlighting its leadership and innovation in financial crime compliance and payment solutions.

• 2025 MEA Finance Banking Technology Awards: Awarded 'Most Innovative Payment Solutions Provider' and 'Best AML/KYC Solution'. [cite: 1] In Saudi Arabia, Eastnets received additional 2025 MEA Finance Awards for 'Most Innovative Cloud Services Provider (Swift Service Bureau)', 'Best AML/KYC Solution Provider (SafeWatch KYC)', 'Most Innovative Payment Solutions Provider (PaymentSafe)', 'Best Cross-Border Payments Technology Provider', and 'Best Anti-Fraud and KYC Payments Solution (PaymentGuard)'. [cite: 5]

• 2024 Regulation Asia Awards for Excellence: Received 'Highly Commended' recognition for its trade-based money laundering (TBML) and compliance solution, SafeTrade, acknowledging its effectiveness in addressing trade compliance challenges. [cite: 2]

• 2024 Datos Insights Impact Awards in AML: SafeTrade earned the silver medal award in the 'Best AML Transaction Monitoring Innovation' category. [cite: 7]

• Chartis RiskTech100® 2025 Rankings: Rose to 54th place globally and secured an award for its trade-based AML solution, demonstrating leadership in tackling financial crime risks in global trade. [cite: 16] In the inaugural Financial Crime and Compliance50 (FCC50) ranking by Chartis Research in April 2024, Eastnets was ranked 14th among the top 50 vendors, praised for advancing compliance solutions. [cite: 14]

• 2013 Global Custodian Awards for Excellence: Named a finalist in the Compliance award category for its suite of compliance solutions. [cite: 6]

9. Competitive Analysis

Eastnets operates in a highly competitive market for financial crime compliance and payment solutions. Key competitors offer similar services, challenging Eastnets to continuously innovate and differentiate.

• NICE Actimize: A major provider of financial crime, risk, and compliance solutions, often ranked highly in the sector. They offer comprehensive platforms encompassing AML, fraud detection, and regulatory compliance. [cite: 8]

• Oracle Financial Services AML Transaction Monitoring: Oracle provides a strong suite of financial services software, including AML transaction monitoring solutions, leveraging its extensive enterprise software presence. [cite: 4]

• FICO TONBELLER: Known for its integrated suite of financial crime and compliance solutions, including AML, fraud, and risk management. [cite: 12]

• Fircosoft (LexisNexis Risk Solutions): Specializes in sanctions screening and watch list management, playing a critical role in regulatory compliance for financial institutions. [cite: 12]

• Feedzai: A leading platform powered by artificial intelligence and big data, focused on making commerce safe through fraud prevention and risk management. [cite: 8, 15]

• SEON. Fraud Fighters: Provides AI and machine learning-driven solutions for fraud prevention across various online businesses. [cite