DIFX Selects EastNets Service Bureau For SWIFT Connectivity

The Dubai International Financial Exchange (DIFX), which aims to be the region's first truly international stock exchange, selected EastNets, a payment and security solution provider to implement SWIFT solutions through EastNets Service Bureau. "The move to implement SWIFT through EastNets

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The Dubai International Financial Exchange (DIFX), which aims to be the region’s first truly international stock exchange, selected EastNets, a payment and security solution provider to implement SWIFT solutions through EastNets Service Bureau.

“The move to implement SWIFT through EastNets Service Bureau will allow DIFX a single-window access to a large network of banks and ensure secure transactions,” said Hazem Mulhim, CEO of EastNets. “It will provide them real-time communication and 100% security, besides helping them minimize burdens on decision-making, reduce costs and focus on their core business competencies.”

The solution EastNets is supposed to enable the DIFX to deliver a secure connectivity to brokers, counter-parties, customers and banks via the SWIFT IP Network.

“The DIFX has been conceived as an exchange that will be of international stature,” said Mr. Steffen Schubert, chief executive at DIFX. “The decision to select EastNets was prompted by its impressive record in automation, better risk management by complying to high standards, high levels of security and cost-effectiveness.”

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