Eastnets partners with Arab-Jordan Investment Bank (AJIB) to further strengthen transaction detection capabilities and automate key compliance processes

As a leading financial institution recognized across the Middle East and Europe in the use of advanced technology, AJIB continuously strives to improve its operations and customer service levels to meet changing market demands.

Through Eastnets SafeWatch Screening and AML solutions, the bank is able to enhance its systems and controls to improve detection rates, allowing it to focus on more complex issues that require investigation.

About AJIB - A history of excellence

For more than four decades, Arab Jordan Investment Bank (AJIB) has embarked on a journey of excellence and leadership, which has paved the way for the bank to become one of Jordan’s leading investment and commercial institutions. Committed to customer services satisfaction, AJIB provides a range of innovative financial and state-of-the-art products that meet all its clients’ needs, whether individuals, SMEs or corporations.

AJIB continuously develops, updates and upgrades its capabilities, providing the latest technologies, best practices and business mechanisms in response to the growing needs of its customers in Jordan and the region.

Solution

Eastnets action plan

AJIB partnered with Eastnets to future-proof its operations and further advance its position as a best-inclass financial institution at a time of significant growth and changing market demands. The partnership focused on further improving the bank’s transaction monitoring and screening processes which included finding more efficient ways of screening current clients against sanctions lists while managing and escalating risks. The partnership also sought to add to AJIBs capabilities to customize business rules and scenarios, whilst boosting the bank’s ability to conduct real-time transaction screening to account for new risks, regulations and bank requirements.

SafeWatch Screening

Using SafeWatch Screening, AJIB reduces false positives such as matching scores, good guys, violation/business rules, and conducts continuous automated monitoring of all inbound and outbound customer information and financial messaging, including newly onboarded customers
SafeWatch AML

By using this solution, AJIB offers an extra layer of security to their customers by tracking current and historical transaction data, whether online or offline, to ensure that every suspicious transaction is detected.
SWIFT gpi Enabler

With their deployment of Eastnets’ SWIFT gpi Enabler solution, AJIB can handle any SWIFT gpi or universal confirmation scenario, generating real-time or manual payment confirmations before sending them on to SWIFT, ensuring universal confirmation compliance.

Results

Real-time transaction screening capabilities

Improved detection accuracy and system reliability

Products used

SafeWatch Screening
SafeWatch AML Offline
SWIFT gpi Enabler

Eastnets ensures peace of mind by securing a safer future for everyone. A global provider of compliance and payment solutions for the financial services sector, our experience and expertise help ensure trust at 750financial institutions across the world, including 11 of the top 50 banks. For more than 35 years, we’ve worked to keep the world safe and secure from financial crime. We doit by helping our partners manage risk through sanction screening, transactions monitoring, analysis, and reporting, plus state-of-the-art consultancy and customer support.

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SafeWatch AML

Messaging Warehouse Monitor, analyse, and control messaging data SafeWatch KYC Know and manage customer risk with ease PaymentGuard Protect payments from fraud instantly