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Multigate - The First Pan-African Financial Service to become SWIFT Certified Partner and attain ISO 20000, 22301 & 27001

July 27, 2023
analytics

London, 27 th July. 2023 - 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 & 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.

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.

“The qualification as a SWIFT L2BA certified provider further validates that our business
application has met SWIFT's requirements and standards to offer our clients a bank-
agnostic solution by leveraging on SWIFT's connectivity to thousands of financial institutions
globally,” said Eghosa Nehikhare, Co-Founder and CEO Multigate. “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.”

The three ISO certifications demonstrate Multigate's significant commitment and excellence
in the organisation’s 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. The ISO 27001 certification exemplifies Multigate’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.

Eghosa Nehikhare, Co-Founder and CEO of Multigate, also comments on the ISO
Certification, “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.”

Founded in 2017, Multigate seeks to address the treasury and cash management needs of
African-focused organisations trading regionally and globally and is also focused on
enabling seamless processes for the consolidation of 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 our clients standardised, safe and secure
access to over 10,800 global institutions worldwide.


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