EastNets' Service Bureau Awarded SWIFT Operational Assurance Label
EastNets’ service bureau has been awarded the operational assurance label from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), an international consortium that facilitates secure financial messaging services.
SWIFT’s operational assurance labelling encourages and rewards providers that meet high standards of resiliency and security. The practice also enables users to identify top providers and confirm their ability to operate within strict quality parameters. The label authorises EastNets to implement, integrate and upgrade services under the SWIFT network throughout 2010.
SWIFT subjected the company to thorough background checks on compliance with key operational requirements covering availability, security and access control, telecommunications, and integrity and change management prior to awarding the label.
“The operational assurance label validates the exceptional ability of our infrastructure to harmonise with SWIFT’s network,” said Hazem Mulhim, chief executive officer (CEO) of EastNets. “EastNets intends to constantly push our technologies and adopt best practices to ensure that our operations fully align with SWIFT’s quality goals as well as the evolving needs of financial institutions and corporates.”