Pinnacle Solutions Incorporated selects EastNets SWIFT Service Bureau to power its synergy banking and trade services solution

Pinnacle's web-based suite of integrated banking applications currently operates in more than twenty countries worldwide, and is now available, powered by EastNets SWIFT Service Bureau, as an outsourced SaaS alternative, providing customers with a more cost-effective, hassle-free and flexible solution. Synergy, powered by EastNets, offers businesses the following key capabilities:

- Full back-office and customer front-end support for Letters of Credit processing;
- Complete back-office handling of loans and deposits;
- Inbound and outbound SWIFT payments and messages; and
- DDA/Nostro accounts processing.

"We are delighted to have selected EastNets' market leading SWIFT Service Bureau to host our core banking and trade service offering," said Ralph Carbone, President of Pinnacle Solutions Incorporated. "The company's proven track record, broad geographic reach, and strong SWIFT expertise made EastNets the right choice."

"Outsourcing solutions and business processes provides an opportunity for financial institutions to increase their profitability by reducing costs, improving operational workflow, and controlling risk," said Hazem Mulhim, CEO of EastNets. "With Synergy, powered by EastNets, financial institutions and corporate treasuries will have fast, effective and affordable access to SWIFT connectivity and a premiere banking and trade services environment."

EastNets provides both a fully-managed hosting facility as well as a shared environment - both complete with disaster recovery and FileAct support. en.Service Bureau is SWIFT recognized and offers around the clock availability of its services and contingency environment.

Institutions can immediately benefit from Synergy with fast time-to-live, low-cost monthly fees for the software solution and the IT infrastructure. With no capital investment, Synergy is the affordable "big-bank" solution.