Navigating Trade Tariffs and Financial Compliance
In a recent discussion, Hazem Mulhim, CEO of Eastnets, addressed key challenges in the banking sector:
Trade Tariffs Impact: Recent tariffs disrupt technology sectors reliant on Chinese imports, affecting data centers, cloud computing, and AI.
GCC Financial Integration: The GCC is enhancing its role in the global financial system, focusing on trade and remittances, with significant financial flows in the UAE.
Combatting Financial Crime: Eastnets uses AI and machine learning to help banks fight financial terrorism and money laundering, reducing false positives and ensuring compliance.
Digital Transformation: Emphasizing standards like ISO 20022 and privacy regulations, digital transformation is crucial for banks to enhance services and ensure cyber resiliency.
Future Strategies: Eastnets is developing a platform for banks to access financial products and is moving towards cloud technology to reduce costs and improve accessibility.
This interview offers insights for navigating trade tariffs and financial compliance.
Speakers
Hazem Mulhim
Founder and CEO, Eastnets
Hazem Mulhim
Founder and CEO, Eastnets
In my role as Eastnets’ CEO, I provide the overall direction and leadership for our company. Working closely with our expert leadership team, I focus on understanding our customers and their environment so we provide the very best technologies to ensure they participate safely and securely in the global financial economy.
