Eastnets, Facephi form global partnership to fight financial crime
Eastnets, a global provider of compliance and payments security, and Spain-based Facephi have entered into a strategic partnership to integrate compliance technology with biometric identity verification, the companies announced.
The alliance aims to create an end-to-end defense system against financial crime, combining Eastnets’ four decades of expertise in anti-money laundering (AML), sanctions screening, and transaction monitoring with Facephi’s biometric digital identity platform.
Combating fraud with tech integration
The companies said their combined reach will span major financial hubs, offering localized expertise while expanding global coverage. The partnership is designed to help banks and financial institutions reduce risks, meet regulatory requirements, and improve customer trust.
Among the features to be rolled out are advanced biometric onboarding, AI-powered mule account detection, multi-layer authentication against identity theft, and identity verification integrated directly into AML and sanctions workflows.
The collaboration comes as financial crime continues to escalate, with illicit funds estimated at $3.1 trillion flowing through the financial system in 2023. Compliance costs have also surged, reaching more than $200 billion annually.
Leaders weigh in
“Facephi shares our mission of protecting financial institutions and their customers from risk while enabling safe, inclusive finance,” Eastnets CEO Hazem Mulhim said. “By combining Eastnets’ AI-driven compliance expertise with Facephi’s biometric innovation, we’re equipping banks to fight fraud and build digital trust at scale.”
Facephi CEO Javier Mira called the move a reshaping of financial crime prevention. “By merging compliance and biometrics, Eastnets and Facephi can protect the financial system end-to-end, offering a defense that is powerful, inclusive, and ready to meet the regulatory challenges of tomorrow,” he said.
