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September 22, 2008updated 06 Sep 2016 3:02pm

Petra Financial signs agreement with EastNets

Petra Financial, a banking and corporate services arm of Petra Group, has announced that EastNets, a provider of business software, has signed an agreement to integrate Vortex into their en.finmex portal that offers business and transaction solutions for the financial sectors in the Middle East and North Africa.

By CBR Staff Writer

Vortex is Petra Financial’s online and software-as-a-service delivered application that enables banks and institutions to check, validate, and enrich Swift payments messages and part of the Petra Financial suite of products that deliver increased STP and reduced costs to financial services markets.

David Sinclair, CEO of Petra Financial, said: Our agreement delivers to customers a compelling combination of Petra Financials Vortex software-as-service payments software, together with the effective applications that EastNets en.finmex portal offers to the banking and corporate market sectors. This combination provides efficient simplicity that delivers a real customer benefit. We are truly delighted to have partnered with such a major provider as EastNets, who are both a global company and the market leader in the Middle East.

Hazem Mulhim, CEO of EastNets, said: Online financial messaging has become an important tool for the financial services community. Our new portal assures users of secure and reliable solutions to suit their organizational needs, and Vortex adds significant benefits to ensuring accuracy, validity and enrichment for the payments messages our customers generate.

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