EastNets to showcase SWIFT solutions for clearing & settlement, SWIFTNet Funds and SWIFTNet FIX in the UAE

The participation in the road show comes as part of EastNets strategic objective to meet users and prospective business partners and showcase some of SWIFT's best-of-breed securities solutions, including SWIFTNet Funds and SWIFTNet FIX. A presentation will be offered by EastNets during the road show to highlight solutions that it will provide to stock exchanges, banking institutions, and brokerage houses across the Region, in partnership with SWIFT.

The SWIFTNet Funds solution currently enables over 100 industry leaders across fund management companies, asset managers, transfer agents and distributors to leverage their investment made in SWIFT and to deliver the same operational efficiencies in investment funds as other asset classes.

The SWIFTNet FIX solution allows institutions such as stock exchanges to send FIX messages over the existing SWIFT infrastructure while adding intelligence and value added services, such as providing access to all counterparties using a single connection window, testing and certification facility, and translation between all FIX versions.

Hazem Mulhim, CEO of EastNets said,

"Our main aim for organizing this road show is to provide a unique opportunity to prospective customers and introduce to them SWIFTNet Funds and SWIFTNet FIX. Both these technologically advanced, cost-effective services aim to increase the operational efficiency of SWIFT users, while also helping them improve customer service."

EastNets is a recognized SWIFT Business, Service, Service Bureau and Solution partner. Through their strategic alliances with global partners, EastNets have been providing a range of payment and security solutions to the government and financial services industries.