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Gartner recognizes EastNets as ‘Cool Vendor’ in its latest report

June 17, 2014 8:55 am

EastNets, a leading global provider of compliance and payments solutions for the financial services industry, is one of the few companies selected as a ‘Cool Vendor in Emerging Markets 2014’ by Gartner, The leading information technology research and advisory firm.

According to Gartner, emerging markets will spend nearly $1.3 trillion on IT by the end of 2014, which bodes well for IT solution providers.

Hazem Mulhim, CEO, EastNets, said, “Being recognized by Gartner as a ‘Cool Vendor’ in the 2014 Emerging Markets is a great distinction for us. EastNets will always strive to offer the most advanced technology in regulatory compliance solutions to the financial services Industry and to our clients in the Middle East and globally, enabling them through our specialized software, and professional services to mitigate risk while avoiding complexity and cost. Our client portfolio comprises of over 800 banks, financial institutions and corporates and we look forward to grow and extend support to an even larger base of customers in the near future.”

Over the past 30 years EastNets has emerged as the leading provider of compliance and payment solutions for financial service verticals in the Middle East and globally. With a customer base that spans the globe, the company has major development and support centers in Dubai, Amman and Brussels. EastNets has compliance, payment and SWIFT add-on solutions, offered in both an in-house and in a hosted model.

With data centers in the US, Dubai and Amman EastNets is able to host its compliance and payment solutions such as en.SafeWatch Filtering, en.Reporting and en.PaymentSafe in a hosted model wherein customers are charged on a pay-per-use model. It has also built a comprehensive offering for anti-money laundering, including Watch List Filtering, transaction monitoring and profiling, and fraud detection and prevention, available in both on-primises and in SaaS mode.