How Eastnets and FacePhi Are Redefining Digital Compliance in Banking
•February 24, 2026
0
Why It Matters
By merging FaceFi’s cutting‑edge identity verification with EastNets’ extensive banking network, the alliance equips financial institutions to meet stricter KYC and anti‑fraud regulations while expanding market presence globally.
Key Takeaways
- •EastNets partners with FaceFi to broaden digital compliance offerings.
- •Combined solutions target KYC, onboarding, and fraud detection globally.
- •FaceFi brings facial recognition, OCR, and mule‑account detection technology.
- •EastNets contributes extensive banking network across 800 institutions worldwide.
- •Alliance aims to strengthen market reach, especially beyond Latin America.
Summary
The video announces a strategic partnership between EastNets, a long‑standing provider of compliance and payment hub solutions for roughly 800 banks, and FaceFi, a fast‑growing specialist in digital identity verification, facial recognition, OCR and fraud‑prevention technologies. Both CEOs, Hazem Mulham and Javier Mira, explain that the alliance is timed to address rising global fraud and tightening regulatory demands.
Key insights include EastNets’ legacy infrastructure—originating from a 1984 foundation and evolving through Swift’s IP migration and a Belgian compliance acquisition—and FaceFi’s evolution from pure facial‑recognition authentication to a full suite covering KYC onboarding, document OCR and mule‑account detection, now serving about 320 banks. By integrating these complementary stacks, the joint offering promises end‑to‑end digital onboarding, real‑time fraud monitoring and anti‑money‑laundering controls.
Mira highlighted that FaceFi’s strength lies in Latin America, while Mulham noted EastNets’ global footprint beyond that region. The speakers cited concrete numbers—320 banks using FaceFi’s fraud tools and 800 institutions already on EastNets’ platform—to illustrate the scale and synergy. Both executives stressed that the combined portfolio will enable clients to meet stricter compliance mandates without juggling multiple vendors.
The partnership positions the duo to capture a larger share of the digital‑compliance market, offering banks a unified solution that simplifies integration, reduces operational risk, and expands geographic reach. As regulators intensify KYC and AML expectations, the alliance could become a benchmark for how fintechs and legacy providers co‑develop integrated compliance ecosystems.
Original Description
Digital identity and regulatory compliance are rapidly converging — and banks can no longer treat them as separate systems.
In this video, we explore how Eastnets and FacePhi are joining forces to deliver smarter, faster, and more secure compliance solutions for financial institutions worldwide.
Recorded at SIBOS Frankfurt 2025, this episode features Hazem Mulhim, CEO of Eastnets, and Javier Mira, CEO of FacePhi, as they announce a strategic alliance focused on strengthening fraud prevention, onboarding, and regulatory resilience.
Eastnets brings more than four decades of experience in AML, payments connectivity, and compliance infrastructure, serving over 800 banks globally. FacePhi adds advanced biometric verification, KYC, OCR, and fraud analytics trusted by hundreds of institutions.
Together, they are building an end-to-end security ecosystem that unifies identity verification, transaction monitoring, and regulatory reporting into a single, integrated platform.
Key themes covered in this episode:
• Digital identity verification in banking
• AI-powered KYC and AML compliance
• Biometric onboarding solutions
• Fraud prevention and analytics
• End-to-end regulatory platforms
• Secure customer onboarding
• Cross-border compliance readiness
• Payments and identity integration
With fraud activity rising and regulations tightening worldwide, banks need platforms that deliver both security and efficiency. This partnership aims to reduce friction, improve trust, and strengthen governance across the customer lifecycle.
We also examine how combining payments infrastructure with digital identity creates a new foundation for scalable, compliant growth in global financial services.
This isn’t just about technology integration.
It’s about:
• Strengthening regulatory confidence
• Reducing onboarding friction
• Preventing financial crime
• Improving customer trust
• Accelerating digital adoption
• Simplifying compliance operations
• Enabling secure global expansion
If you work in banking compliance, risk management, fintech security, RegTech, digital onboarding, or financial crime prevention, this video offers practical insight into how leading platforms are reshaping regulatory infrastructure.
Explore how Eastnets and FacePhi are transforming compliance and identity verification :
@SibosTV @EastNetsCompany
0
Comments
Want to join the conversation?
Loading comments...