Enhancing Compliance and Operational Efficiency for Nuran Bank with Eastnets Messaging Warehouse Upgrade

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Situation

Performance bottlenecks

Nuran Bank, one of Libya’s leading financial institutions, relied on Eastnets Messaging Warehouse v3.2 to manage compliance operations. While the solution had been integral to their processes, the bank’s growing transaction volumes and evolving operational demands highlighted the need for an upgrade. Performance bottlenecks, including slower processing of messages and events, were  beginning to affect operational efficiency.

Additionally, the existing monitoring system faced challenges in handling the increasing complexity of performance tracking and system oversight. Nuran Bank sought to enhance the reliability and scalability of its infrastructure to meet these demands while ensuring uninterrupted service delivery.

 

Task

Upgrade compliance system

Nuran Bank aimed to upgrade its compliance system to improve the speed and efficiency of message and event processing, strengthen the monitoring framework, and ensure overall system reliability.

The solution needed to support the bank’s expanding operations, providing the robustness required for seamless compliance and operational performance in a dynamic financial environment.

 

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Action

Eastnets action plan

Nuran Bank implemented the latest version of EMW, introducing targeted upgrades to address performance and monitoring challenges.

  • Enhanced message and event processing

    significantly reducing delays and improving operational speed

  • Upgraded monitoring functionality

    faster and more reliable system oversight, providing the tools needed for accurate performance tracking

  • Maintain operational stability

    These advancements were designed to build on the strengths of the existing solution, ensuring that Nuran Bank could handle increasing volumes and maintain operational stability.

  • Reduce cost of compliance

    Reduce the financial impact of staying compliant

Results

Enhanced EMW solution

The enhanced EMW solution delivered measurable improvements to Nuran Bank’s compliance infrastructure. Faster message and event processing streamlined workflows, enabling more efficient operations. 

Reliable oversight

boosting confidence in system performance and ensuring that any issues were addressed proactively

Optimising compliance infrastructure

the bank is well-positioned to support future growth and sustain its reputation as a trusted financial institution.

Products used

Messaging Warehouse

The upgrade to EMW has been transformative for Nuran Bank.It has allowed us to address key challenges in performance and monitoring while ensuring the stability we need to serve our customers effectively. The enhanced message processing and reliable monitoring system have streamlined our operations, allowing us to confidently handle increasing transaction volumes. The transition was seamless, thanks to the expertise and support provided throughout the process.This upgrade has truly reinforced our ability to deliver efficient and reliable financial services in today’s dynamic environment.

The next products in your Anti Money Laundering journey

Eastnets products are toolsets designed to work together for maximum protection and security. Stacking our products into a modular solution that fits your exact needs is highly recommended to reduce financial crime, fraud and other nefarious acts that could compromise your network.

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