Secure Access to Key SWIFT Functionalities

Eastnets, a global leader in compliance and payment solutions, has unveiled its Managed SWIFT Service on AWS Cloud, offering financial institutions a cutting-edge solution to address challenges in regulatory compliance, operational complexity, and cybersecurity risks. This new cloud-based service delivers a secure, scalable, and cost-effective alternative to traditional in-house SWIFT management, empowering banks, fintechs, and compliance leaders to streamline operations and enhance their competitive edge.

Managing SWIFT connectivity internally has historically been a resource-intensive endeavor, requiring substantial infrastructure investments and specialized expertise. With the launch of its Managed SWIFT Service, Eastnets eliminates these barriers by integrating seamlessly with existing systems while providing secure access to key SWIFT functionalities. This includes SWIFT Alliance Access (SAA), SWIFT Alliance Gateway (SAG), and SWIFT API integration—all hosted on the reliable and scalable AWS infrastructure.

Anas Jaber, Group Director of Cloud Services & Information Security at Eastnets, emphasized the transformative nature of this service: “With the global launch of this service, we are empowering financial institutions to replace complex, resource-intensive SWIFT management with a streamlined, secure, and cost-effective solution. This service offers the flexibility, scalability, and compliance that organizations need to stay competitive in an evolving financial ecosystem.”

The Managed SWIFT Service is equipped with a robust suite of features tailored to meet the needs of modern financial institutions:

A comprehensive, fully managed SWIFT solution, including SWIFT Alliance Access (SAA), SWIFT Alliance Gateway (SAG), SWIFT API integration, ISO 20022 translation, and secure message archiving.
An integrated payment hub for advanced processing and workflow automation, featuring ISO 20022 translation, duplicate detection, transaction monitoring, and fraud prevention tools.
Subscription-based pricing, offering financial institutions predictability and scalability, customized to their contract duration and usage.
Full compliance with SWIFT Customer Security Programme (CSP) standards, ensuring continuous monitoring, regular security updates, and robust authentication mechanisms.
AWS-backed infrastructure providing automatic failover and disaster recovery capabilities, guaranteeing uninterrupted operations even during unexpected disruptions.

The service is a game-changer for banks, credit unions, fintechs, and compliance leaders, offering them a reliable and scalable solution to handle SWIFT connectivity with ease. It also builds on Eastnets’ decades-long expertise, operating accredited service bureaus in the UAE and the Americas, ensuring secure and scalable services on a global scale.

Eastnets’ Managed SWIFT Service represents a significant step forward in simplifying financial connectivity while meeting the highest standards of security and compliance. To learn more about this innovative service, visit www.eastnets.com.