This comes after Swift announced it would enable financial institutions to connect to its network and applications through public cloud providers.

Using Swift connectivity on Azure will help banks manage growing regulatory and cybersecurity challenges, increased competition and digital disruption. It will also allow it to better serve a new generation of consumers who expect more from their financial service providers.

Cloud services & Information Security Group Director at Eastnets, Anas Jaber, says, “The benefits of running services in the cloud speak for themselves and we expect a growing demand for our assistance and expertise with migration. The cloud enables us to create, launch, deliver and update tailored solutions even faster and assist customers in the rollout of changes in a timely manner.”

Eastnets believes that the most successful financial institutions will be those that invest in cloud technology for key business areas including payments, sanction screening and fraud detection. These investments will also see a positive ROI as the cloud-based infrastructure will free up resources for banks to focus on other deliverables and projects.

As a Swift certified partner and service bureau, Eastnets is trusted by more than 300 leading corporations and financial institutions. It has clients among the Fortune 500 companies, including credit unions, central banks, tier 1 banks, de novo banks and money services businesses (MSBs). Eastnets can now provide a fully outsourced, cloud-based alternative to the traditional Swift infrastructure without compromising operational efficiency, data security, and business availability. All at a much lower cost of ownership.