National Bonds, a UAE-based Shari’a-compliant saving scheme, has outsourced its SWIFT connectivity to EastNets, providing customers with a convenient way to save their money from anywhere in the world.
EastNets, a global provider of compliance and payments solutions and services, has connected National Bonds to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the financial messaging network that is used by financial institutions worldwide to send and transfer money using the secured technology.
EastNets’ fully automated SWIFT Service Bureau, en.Service Bureau has given National Bonds worldwide reach for its customers to have a user-friendly experience when saving with National Bonds. Existing and new customers will now have the opportunity to purchase bonds from any part of the world, as well as transfer money or documents for processing. The en.Service Bureau will also ensure security for all National Bonds customers’ transactions, with its add-on capabilities for watchlist filtering and reconciliation services.
Hazem Mulhim, CEO and chairman of EastNets, said: “The integrity and efficiency of financial transactions are high priorities among businesses given the prevailing downturn, which is why demand for SWIFT’s communications platform is at an all-time high. We expect National Bonds, a company known for its unmatched level of excellence, to attain a higher global profile via the SWIFT Network.”
Hani Hussein, chief operating officer of National Bonds, said: “By deploying outsourced SWIFT connectivity from EastNets, National Bonds has further strengthened its scope and quality of services to customers, offering them a simple and seamless experience when saving to secure a better future. The SWIFT service makes buying bonds for the first time or repeat purchases easy and convenient from anywhere in the world.”