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Eastnets, a Management Data Prague partner and a global leader in compliance and payments solutions, announces that it has met the requirements of the EU Digital Operational Resilience Act (DORA) and is ensuring readiness ahead of its implementation on January 17, 2025.

DORA introduces mandatory standards to strengthen cybersecurity and operational resilience across the financial services industry, impacting both financial institutions and their third-party technology providers. The regulation requires compliance with strict measures, including risk assessment, business continuity and third-party oversight.

Eastnets’ timely compliance with DORA strengthens its position as a trusted partner within the financial ecosystem. This achievement enhances its reputation in Europe and globally, and provides customers with the confidence that they are working with a provider committed to the highest standards of digital resilience.

As DORA sets new standards for third-party risk management and ICT oversight, SWIFT certified service bureaux in the Americas and the UAE provide a secure cloud platform designed to reduce operational overhead, ensure compliance and scale easily to meet evolving regulations.

Learn more here.

About Eastnets

Eastnets is a global provider of compliance and payments solutions for the financial services industry. For over 40 years, Eastnets has helped combat financial crime by helping partners manage risk through sanctions screening, transaction monitoring, analytics and reporting, leading-edge consulting and customer support. With experience, expertise and technology, it enables over 800 financial institutions worldwide, including 15 of the 50 largest banks and 22 of the world’s central banks, to participate securely in the global financial economy.

SmartStream, the provider of financial transaction lifecycle management (TLM®) products, won the XCelent Breadth of Functionality 2024 and Luminary 2024 for Advanced Technology awards for its capital markets reconciliation solution. Celent recognized a reconciliation solution that excels in terms of breadth of functionality and advanced technology. As the industry evolves, SmartStream is also keeping pace by further enhancing AI and machine learning capabilities – essential for financial institutions committed to maintaining competitive advantage and operational excellence.

Source: https://www.smartstream-stp.com/press/smartstream-achieves-high-rankings-in-the-celent-reconciliation-systems-capability-report/ 

We thank all the participants and organizers of the Treasury Forum 2024 conference, which took place at the beginning of June at the O2 Universum in Prague.

We were pleased by the interest in the presentations of our solutions in the field of treasury and digital banking, as well as the numerous responses to Josef Brtník's presentation on current topics of payment systems and TMS.

We look forward to meeting you at the next Treasury Forum in June 2025.

 

Source: www.treasuryforum.cz  CAFIN

​Sanctions screening resp. checking all outgoing and incoming payments as well as vendor master data from the company's various ERP systems is a key task for treasury departments and financial managers. The global fight against money laundering and international terrorism further underlines the importance of these activities. The core of the process is the verification of financial transactions according to daily updated international sanctions lists, also known as Sanctions screening. Flexible integration into existing processes characterizes the MultiCash® Denied Party Check solution. ​