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Eastnets and FacePhi Unite for Smarter Compliance
At SIBOS Frankfurt 2025, two leaders in financial technology — Hazem Mulhim, founder and CEO of Eastnets, and Javier Mira, CEO and co-founder of FacePhi — announced a strategic alliance that underscores the growing convergence between digital identity verification and financial compliance.
Founded in 1984, Eastnets has built a global reputation for providing compliance and payments solutions to over 800 banks worldwide. Its platforms combat money laundering, counter financial terrorism, and connect institutions to major payment networks through its smart hub. Mulhim described the company’s evolution as a series of “trigger events,” from SWIFT migrations to acquiring compliance technology innovators — all shaping Eastnets into a cornerstone of secure banking infrastructure.
Now, in partnership with FacePhi, Eastnets aims to strengthen its fraud prevention and onboarding capabilities. FacePhi, originally known for its pioneering facial recognition technology, has expanded into KYC, OCR, and fraud detection — now trusted by more than 320 banks, particularly across Latin America. The partnership fills mutual gaps: FacePhi’s strength in digital identity and fraud analytics complements Eastnets’ compliance and payments expertise, giving clients a comprehensive end-to-end security solution.
Mulhim called the collaboration “timely,” citing rising global fraud activity and tightening regulatory demands. By integrating their solutions, the companies intend to create a unified ecosystem that simplifies compliance while improving trust and customer experience.
For Mira, the partnership represents both geographic expansion and strategic alignment. “Together,” he said, “we can now offer a broader, more powerful portfolio that meets every aspect of what our clients need.” The alliance marks a decisive step toward a future where compliance, payments, and identity verification work as one seamless layer of financial security.
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