Hazem Mulhim, CEO, EastNets
EastNets, a leading provider of global compliance and payment solutions and services, announced today that Intesa Sanpaolo Group has rolled out its en.SafeWatch Profiling anti-money laundering (AML) solution to meet compliance regulations and improve defenses against counter terrorist financing and money laundering. The en.SafeWatch Profiling solution is already live at Intesa Sanpaolo United Kingdom and is currently being rolled out in nine branches in Europe and Asia.
With 5,500 branches Intesa Sanpaolo is the Italian market leader and has a strong international presence focused on North, Central Europe and the Mediterranean basin.
During the project implementation, EastNets cooperated with Servitia, an Intesa Sanpaolo Group firm that works as a leading global service provider.
The en.SafeWatch Profiling transaction monitoring solution will serve as the central data processing engine for pattern analysis and suspicious behavior identification at Intesa. The roll-out of en.SafeWatch Profiling will be completed next month.
“Since 2010 Intesa Sanpaolo UK Branch and International Subsidiary SEB of Luxembourg s have been using en.SafeWatch Profiling, and we have been very pleased with the ease of use and the results of the solution. When the time came to expand our AML coverage, EastNets’ proven track record in the market as well as our firsthand experience with the solution made EastNets the most obvious choice to strengthen and expand our AML coverage and protection” said Stefano Cabianca, AML International Officer at Intesa Sanpaolo. “We have been particularly impressed with the solution’s Zone Concept that enables strict segregation of information pertaining to each branch for automated detection routing, whether on individual servers, or in our case, one combined server that will lower our maintenance and operational costs.”
“We are delighted with Intesa Sanpaolo’s choice to expand money laundering controls across its European branches with EastNets en.SafeWatch Profiling solution,” said Hazem Mulhim, CEO, EastNets. “Our success thus far, and Intesa Sanpaolo’s subsequent selection of EastNets for future implementations, is a testament to the superior quality of our solution offering and implementation team.”
Intesa Sanpaolo has rolled out en.SafeWatch Filtering for their Filtering operations involving a client database of over 60 million accounts and more than 100,000 messages per day. en.SafeWatch Filtering provides real-time blocking, supporting all lists including OFAC, EU and PEP, and is SWIFT Application Ready. Intesa Sanpaolo Group has been previously using en.SafeWatch Filtering in its Foreign Branches before going live in Italy this month.