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National Bonds outsources Swift connectivity

Dubai, March 8, 2010

National Bonds Corporation, a Shari’a-compliant saving scheme, said it has outsourced its swift (Society for Worldwide Interbank Financial Telecommunication) connectivity to EastNets, a global provider of compliance and payments solutions and services.

The move is aimed at providing customers an easier, faster and more convenient way to save their money, from anywhere in the world, the National Bonds Corporation said in a statement.

Swift is the financial messaging network that is used by financial institutions worldwide to send and transfer money using the most secured technology.

By virtue of its affiliation with Swift, National Bonds Corporation becomes a member of the Swift user group that is part of the Emirates Banks Association, said a top official.

Hani Hussein, chief operating officer, National Bonds Corporation, 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. By using the latest state-of-the-art technology, National Bonds has reaffirmed its commitment to provide superior products and services,' Hussein added.

EastNets’ fully automated Swift Service Bureau has given National Bonds extensive worldwide reach for its customers to have a user-friendly experience when saving with National Bonds, pointed out Hazem Mulhim, CEO and chairman of EastNets.

National Bonds is the latest major UAE-based corporate entity to join the SWIFT network via EastNets’ en.Service Bureau, providing outsourcing and managed services used by over 1,000 customers and 250 firms, he stated.

'Existing and new customers will now have the opportunity to purchase bonds easily and quickly from any part of the world, as well as transfer money or documents for processing. The en.Service Bureau will also ensure safety and security for all National Bonds customers’ transactions, with its add-on capabilities for watchlist filtering and reconciliation services,' he added.-TradeArabia News Service




Tags: EastNets | National Bonds | Swift |

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