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MEA Finance Leadership Series with Hazem Mulhim, Founder and CEO

By Eastnets

20 min watch

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MEA Finance Hazem Eastnets

Partnership

Navigating Trade Tariffs and Financial Compliance

In a recent discussion, Hazem Mulhim, CEO of Eastnets, addressed key challenges in the banking sector:

  1. Trade Tariffs Impact: Recent tariffs disrupt technology sectors reliant on Chinese imports, affecting data centers, cloud computing, and AI.

  2. 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.

  3. Combatting Financial Crime: Eastnets uses AI and machine learning to help banks fight financial terrorism and money laundering, reducing false positives and ensuring compliance.

  4. Digital Transformation: Emphasizing standards like ISO 20022 and privacy regulations, digital transformation is crucial for banks to enhance services and ensure cyber resiliency.

  5. 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. 

Access the interview