Unlocking Insights and Compliance: How Eastnets Transformed Access to Archived Messages

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Situation

Enhancing operational efficiency

Eastnets formed a strategic partnership with eight of the top worldwide tier1 financial institutions with significant contributions to the banking and insurance industry.

Together, we embarked on a transformative journey to enhance operational efficiency and drive sustainable growth.

Background

Using their extensive expertise in banking and tailored financial services across multiple regions, the eight tier-1 financial institutions play a crucial role in fostering economic progress, empowering retail operations, and facilitating asset growth.

The institutions embarked on a journey to revolutionise their data management practices by implementing Eastnets Messaging Warehouse. Together, the financial institutions had a centralized data repository for 10-30 years’ worth of data, giving secure access to more than 1500 users. 

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Action

Eastnets Messaging Warehouse

By joining forces with Eastnets, the eight tier-1 financial institutions were first advised to archive their messaging interface systems to prevent any crashes. Then the Eastnets Messaging Warehouse was implemented, yielding many positive results.

  • Real-time and Historical Insights

    The partnership enabled the institutions to access both live and archived financial data from a single platform.

  • Efficient Compliance

    The institutions successfully met regulatory requirements by implementing our robust solution for managing archived financial data.

  • Enhanced Data Analysis and Reporting

    With improved access to archived data, the institutions gained a comprehensive understanding of their financial operations, enabling them to make informed business decisions and identify growth opportunities

  • Improved Operational Efficiency

    By eliminating manual search efforts, the institutions can work more efficiently and save time and effort when accessing and retrieving archived financial data.

Results

Improved operational efficiency

Better ability to identify and mitigate risk

Products used

Messaging Warehouse

Mais Yasen Product Manager at Eastnets

As key players worldwide, these institutions hold a pivotal position in the banking and insurance industry. Eastnets Messaging Warehouse services have empowered them with advanced capabilities to access and manage their live and archived transactions.

By addressing their diverse business, compliance, regulatory and operational requirements, we have enabled them to make remarkable improvements in their operations. This innovative solution sets the benchmark for the future of financial data warehousing worldwide.

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
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