Thе partnеrship pionееrs an innovativе solution for instantanеous sanction list updatеs, transforming thе way financial institutions manage sanctions risk.
(Isstories Editorial):- New York City, New York Aug 25, 2023 (Issuewire.com) – Eastnts, th global ladr in complianc and paymnt solutions, today unvild its groundbraking partnrship with Dow Jons and Oracl. Th collaboration is st to rvolutioniz th sanctions list scrning procsss for financial institutions with ChainFd, thir cutting-dg softwar solution. This robust solution nsurs ral-tim sanction updats, providing a samlss fd into complianc systms and nabling businsss to mt thir complianc obligations continuously.
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This uniqu tripartit allianc addrsss the critical nd for spd and accuracy. Dow Jons, a rnownd providr of up-to-th-minut sanctions lists, dlivrs high-quality alrts. Oracl, with its prmir managd blockchain srvic, h OCI Blockchain Platform, offrs cutting-dg distributd ldgr tchnology. Eastnts’ ChainFd smart contracts, running on this platform, manage and track all updats from Dow Jons Risk Management and vry notification vnt to ovr 30 banks, nsuring unprcdntd transparncy.
“Our partnrship rprsnts a significant watrshd in sanctions list scrning technology, offring a uniqu markt valu proposition,” said Dya Innab, Dputy CEO at Eastnts. “This collaboration furthr undrscors our commitmnt to quip organizations with advanced technology to stay ahad of complianc rquirmnts.”
Th cutting-edge Eastnets ChainFd can transform a historically manual, slow, and risk-ladn procss into a fully automatd, scur, and ral-tim cloud-basd srvic. It liminats potential dlays by instantanously updating sanction lists and loading thm in ral-tim. Morovr, it radicats th substantial costs and rsourc burdns associatd with manual uploads, thrby rducing downtim and liminating risks of human rrors.
About Eastnts: Eastnts is a lading global providr of complianc and paymnt solutions for th financial sctor. With yars of xprinc, Eastnts is trustd by banks and financial institutions across the world, dlivring cutting-edge solutions that nsur complianc with financial rgulations and facilitat saf and scur financial transactions.
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