Ensuring the future of insurance Case Study

Situation

Thanks to our financial security expertise, we began a prominent partnership with one of the largest insurance companies in the UAE; an organisation that helps its customers to find the right insurance policies, offering both bespoke commercial and consumer solutions.

With the introduction of Eastnets’ fully compliant technological software, the insurance company is able to adhere to changing regulatory requirements, save time and resources and streamline internal processes to better identify and mitigate risk more effectively for its customers.

Background

For over fifty years, this customer has provided insurance and reinsurance services to individuals and corporations across the Middle East and North Africa (MENA) region. Thanks to its financial maturity and operational excellence, the company continues to provide reliability, protection and peace of mind to all its customers when they need it most.

Unlike other insurance companies, the customer continues to uphold core values of fairness, innovation and quality at every turn, cementing its legacy as one of UAE’s leading insurance providers.

Solution

Eastnets action plan

SafeWatch AML

With this automated solution, the company was able to meet regulatory requirements, streamline its compliance processes and further reduce manual effort.
SafeWatch Screening

With SafeWatch Screening installed, the automated cloud solution within the insurance provider’s systems had a significant impact on operations. It enabled the company to implement a solution both quickly and efficiently, meeting regulatory requirements to avoid costly fines and penalties.

Results

Enhanced flexibility

and responsiveness to regulatory changes

Automated systems

that simplify the screening and monitoring processes

Products used

SafeWatch Screening
SafeWatch AML

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 the trust of 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 do it by helping our partners manage risk through sanction screening, transactions monitoring, analysis, and reporting, all through state-of-the-art consultancy and customer support.

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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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