Multigate obtains SWIFT Lite 2 Business Application (L2BA) certification

Godfrey Elimian
Multigate has become the first pan-African company to achieve this feat
Multigate obtains SWIFT Lite 2 Business Application (L2BA) certification

Multigate, a licensed Financial Services platform that provides access to a safe and secure treasury and liquidity management system, becomes the first pan-African financial services technology company to be certified by SWIFT as a Lite 2 Business Application Provider (L2BA).

In addition, the company has also obtained the highest level of compliance through three certifications: ISO 20000, 22301 and 27001. The certifications and SWIFT announcement further reinforce Multigate’s commitment to putting safety and security at the core of their operation and service delivery to their clients and partners. 

According to Eghosa Nehikhare, the co-founder and CEO of Multigate, the qualification as a SWIFT L2BA certified provider further validates that their business application has met SWIFT’s requirements and standards to offer clients a bank-agnostic solution by leveraging on SWIFT’S connectivity to thousands of financial institutions globally.

This partnership allows us to expand our services into other global markets as we now can partner with other financial services solution providers such as Fintechs, banks and existing ERP providers. It also assures our clients that our systems comply with SWIFT’s global messaging standard. 

Eghosa Nehikhare, Multigate co-founder and CEO

The three ISO certifications demonstrate Multigate’s significant commitment and excellence in its operations. The attainment of ISO 20000 signifies that the company adheres to international best practices in service management. ISO 22301 certification highlights Multigate’s commitment to maintaining business continuity even in the face of unexpected disruptions.

Multigate obtains SWIFT Lite 2 Business Application (L2BA) certification
Eghosa Nehikhare, Multigate co-founder and CEO

The ISO 27001 certification exemplifies the company’s rigorous approach to information security management systems. The certificates enhance the company’s reputation and instil trust in stakeholders, ensuring it operates at the highest level of professionalism and achieves its long-term objectives.

Commenting on the ISO certification, Eghosa Nehikhare says, “Typically, companies work on achieving one or two at a time, but Multigate’s decided to invest in all three. The certificates showcase our willingness to invest upfront in the quality of service, ensuring our products are reliable, and our dedication to service management, business continuity, and information security.

These certifications underline the company’s commitment to delivering high-quality services, effectively managing risks, and safeguarding sensitive information“, he added.

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Multigate’s quest to be a financial powerhouse in Africa

Founded in 2017, Multigate is a financial services technology company providing treasury and cashflow management services to corporates and cross-border payment services to financial institutions.

The financial service provider seeks to address the treasury and cash management needs of African-focused organisations trading regionally and globally. It is also focused on enabling seamless processes for consolidating accounts for local or international payouts from any bank.

Multigate services are powered by fully automated and customisable solutions that help improve business efficiency, increase revenue, and deliver value to clients. Furthermore, it guarantees its clients standardised, safe and secure access to over 10,800 global institutions worldwide.

The company operates in the United Kingdom, Canada, Sub-Saharan Africa, and the Middle East.

In 2022, Multigate qualified as a SWIFT Compatible Application provider but has now obtained its L2BA certification. This further validates Multigate’s capacity to offer a globally recognised multi-bank connector solution that is standardised, safe, and secure for its clients and partners.

This multi-bank connector platform enables their clients to aggregate all accounts for seamless transactions and avoids the complexities associated with managing multiple banking portals. This global certification also allows Multigate to connect seamlessly with banks across the SWIFT messaging network. 

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