At Sibos 2025, Deya Innab, Deputy CEO of Eastnets, outlined the company’s pivotal role in ensuring secure payments and compliance within the financial sector. With over 40 years of experience in supporting safe financial inclusion, Eastnets has become a cornerstone for banks and financial institutions aiming to navigate complex regulatory landscapes while protecting payment systems worldwide. Innab, who began his tenure at Eastnets as Product Director before advancing to Chief Strategy Officer, now emphasizes the importance of aligning teams to effectively manage current operations while also preparing for future opportunities.
Attending Sibos serves multiple purposes for Eastnets, according to Innab. The company is not merely there to showcase its products; it is also focused on listening to market dynamics and contributing to the evolution of financial services. In his view, compliance has become integral to the financial sector, yet traditional methods for combating financial crime are increasingly inadequate against rapidly evolving threats and burgeoning data volumes. To counter these challenges, Innab advocates for the incorporation of artificial intelligence (AI), asserting that it is essential for enhancing efficiency in detection processes and enabling institutions to proactively stay one step ahead of criminals.
Within Eastnets, AI is being woven into the organizational fabric rather than treated as an isolated tool. Teams are encouraged to explore simple, high-impact use cases that can deliver swift value. Innab remarked that the integration of AI is facilitating capabilities that were previously unattainable, revealing new insights and fostering novel approaches to work practices. This cultural shift positions AI not just as a technical enhancement but as a transformative agent within the organization.
In his discussions, Innab pointed out that compliance has often been perceived as a hindrance to innovation, primarily due to its slower adoption of technology compared to other business functions. However, Eastnets aims to redefine this narrative by merging compliance with trusted AI and other advanced technologies, allowing for instantaneous updates on compliance data. This transition can shift compliance from being a back-office burden to a front-line enabler, fostering innovation rather than stifling it. Regulatory changes, as Innab sees it, can act as catalysts for innovation, prompting banks to embrace agile, globally interoperable solutions that meet compliance requirements across more than 100 jurisdictions while still accommodating new business models and promoting financial inclusion.
As the financial landscape continues to evolve amid increasing regulatory scrutiny and technological advancement, the role of companies like Eastnets will be crucial. By leveraging AI and enhancing compliance mechanisms, financial institutions may find themselves better equipped to navigate the complexities of modern banking. Innab’s vision for Eastnets not only positions the company as a leader in secure payments but also as a pivotal player in shaping the future of financial compliance and innovation.
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