Eastnets Blockchain Solutions : ChainFeed

A unique & transformative solution for sanction list updates that guarantees data integrity and security.

Feeding accurate, and timely information to the screening engines is critical, as delays can expose institutions to operational, reputational, financial, and political risks.

With sanctions lists constantly changing, managing sanctions risk is becoming more challenging and it presents operational and compliance challenges to financial institutions. The nature of list information, the increasing volume of data, the frequency of updates, and the consequences of sanctions are all factors that make compliance more complex. The fluid nature of sanction lists, however, is not an excuse for failure to perform timely updates.

The need for operative and reliable list management tools coupled with an effective and efficient sanctions screening engine is crucial. Having one of them without the other will cripple the operation. A sanction check platform that executes immediate updates, in real-time, is a must-have in the current environment of fast-changing sanctions

Blockchain technology makes for a smoother, easier update journey – and an industry-leading watchlist update solution. It ensures watchlists are always up to date and error-free while reducing the administrative burden of manual updates.

All with automation, speed, downtime elimination, integrity checks, more comprehensive security, and greater consistency