On February 4, 2025, Eastnets, a global leader in compliance, payments, and cloud solutions, announced the launch of a Swift Service Bureau in the Kingdom of Saudi Arabia (KSA). This initiative aims to empower institutions with secure, scalable, and compliant solutions, providing seamless Swift connectivity, advanced cloud-enabled operations, and adherence to both local and global regulations, including ISO 20022 and Swift Customer Security Programme (CSP) standards.
The establishment of the Eastnets KSA Service Bureau marks a significant milestone in the company's regional expansion, offering tools that enable Saudi institutions to strengthen their connections with international markets and industry leaders. This Service Bureau becomes the third in Eastnets' growing global network.
Saudi Arabia's financial sector is experiencing rapid transformation as the Kingdom opens its economy to the world, a key component of Vision 2030. Eastnets' KSA Service Bureau is designed to assist institutions of all sizes in modernizing operations, navigating complex regulatory landscapes, and confidently connecting with global markets. From providing smaller institutions with cost-effective scalability to enabling larger banks to maintain robust global connectivity, the Service Bureau is tailored to meet the unique needs of all institutions.
Deya Innab, Deputy CEO of Eastnets, stated, "Saudi Arabia is opening its financial sector to the world as part of Vision 2030, transforming the Kingdom into a global financial hub. We are honored to support Saudi institutions during this transformative era. Our Swift Service Bureau is tailored to the Kingdom’s unique needs, enabling institutions to meet global standards, enhance operational efficiency, and build secure connections with international markets."
Key Features of the Eastnets KSA Service Bureau:
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Seamless Swift Connectivity: Enables secure and efficient global payment messaging, ensuring smooth operations across borders.
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Scalable Cloud Operations: Built on Google Cloud, offering unmatched reliability, disaster recovery capabilities, and the flexibility to scale with institutional needs.
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Regulatory Alignment: Designed to comply with KSA’s data sovereignty and privacy laws while meeting global standards like Swift CSP and ISO 20022 for operational consistency and security.
The Eastnets KSA Service Bureau is supported by Eastnets’ deep expertise and strong partnerships, ensuring reliability and enabling Saudi business institutions to access the global financial community. This includes partnerships with Swift, collaborations with local institutions and technology providers, and 24/7 multilingual assistance.
As Saudi Arabia emerges as a leader in global innovation, the Eastnets KSA Service Bureau provides the foundational tools for institutions to thrive, ensuring they remain competitive and aligned with Vision 2030’s transformative goals.
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