Multigate is the first pan-African financial services technology company to receive SWIFT approval as a Lite 2 Business Application Provider (L2BA).
It provides a secure treasury and liquidity management system.
The three ISO certifications (20000, 22301, and 27001) provide the best level of compliance. The certificates and SWIFT statement of Multigate show how much they care about safety and security.
Multigate.io, a Nigerian financial technology company founded in 2017 that provides instant cross-border funds transfer and advanced treasury and cash management to businesses and individuals within and outside of Africa, is leading the future of fintech and cross-border payments on the continent. The company focuses on providing simplified solutions that unravel the complex payment and cash management challenges encountered by enterprise corporations.
As technology progresses, digital payment methods are becoming the norm. Wordplay estimates that 41.8 percent of global online transaction volume was made via digital and mobile wallet payments. In Asia Pacific, online wallets make up over 58% of e-commerce payments, and that trend is slowly spreading to more developed African countries.
Multigate.io and other fintech firms have grown their services and operations across Africa. Many financially excluded Africans have benefited from fintech’s rapid expansion.
Eghosa Nehikhare, co-founder and CEO of Multigate, says that becoming a SWIFT L2BA certified provider proves that their business application meets SWIFT’s standards so that they can give clients a solution that works with any bank by using SWIFT’s connections to thousands of financial institutions around the world.
We may now collaborate with banks, Fintech companies, and ERP vendors to enter new international markets. It also gives clients peace of mind knowing that our solutions meet the world messaging standard set by SWIFT.
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Multigate’s key ISO certifications
The three ISO licenses show how dedicated and good Multigate is at running its business. When a company gets ISO 20000 certification, it shows that it follows foreign best practises for service management. ISO 22301 approval shows that Multigate is committed to keeping business running smoothly, even if something unexpected happens.
The ISO 27001 approval shows that the company takes information security management systems very seriously. The certificates improve the company’s image and help stakeholders trust it. This makes sure that the company works at the highest level of professionalism and meets its long-term goals.
Eghosa Nehikhare says about the ISO certification, “Usually, companies work on one or two at a time, but Multigate has decided to put money into all three.” The certificates show that we are ready to put money into service quality and product reliability up front. They also show that we are committed to service management, business continuity, and information security.
“These certifications show that the company is dedicated to providing high-quality services, managing risks well, and keeping sensitive information safe,” he said.
Multigate wants to be Africa’s banking powerhouse
Multigate is a financial services technology business that started in 2017. It helps corporations manage their treasury and cash flow and helps financial institutions make payments across borders.
The financial service provider wants to meet the treasury and cash management needs of African-focused businesses that do business in the area and around the world. It also aims to make it easy for any bank to pay out money to local or foreign accounts from any account.
The fully automatic and adaptable solutions used by Multigate help businesses operate more effectively, earn more money, and provide customers with better value. Also, it gives its clients safe, uniform access to more than 10,800 global institutions around the world.
The company does business in the Middle East, the United Kingdom, and Sub-Saharan Africa.
Multigate became a SWIFT-compatible application provider in 2022, but it now has its L2BA approval as well. This shows that Multigate is able to give its clients and partners a standardized, safe, and secure multi-bank connector option that is known around the world.
This multi-bank connector tool lets their clients connect all of their accounts so that transactions go smoothly and they don’t have to deal with the hassle of managing multiple banking portals. With this global certification, Multigate can also connect easily with banks using the SWIFT messaging network.