Regtech and financial technology solutions provider SEPA Cyber Technologies has announced that it is providing Retail FX group MultiBank with fintech and regtech solutions, to aid MultiBank to grow into a fully digital bank and expand their business. The final goal is to enrich their service portfolio and become a licensed EMI (Electronic Money Institution) in the EEA.
To reach this aim, SEPA Cyber Technologies said that it is consulting to MultiBank on licensing and incorporation as well as principal membership for VISA, MasterCard, and Union Pay. The two companies have set ambitious deadlines and plan to go live before the end of 2021.
The parties stated that the revolutionary services of SEPA Cyber will open the doors for MultiBank to complete digitalisation. The full package of solutions includes a digital wallet, issuing and acquiring processing, IPG, KYC, KYB, PEP and Sanctions.
Marvin Blazhevski, CEO and Founder of SEPA Cyber Technologies said:
“We are extremely honoured that a financial giant such as Multibank Group has chosen SEPA Cyber with the delivery of financial technologies and consultancy services. We know we’re on the right track when people part of TOP 50 Influential Figures in Global Financial Markets choose us as their trusted technology and solution provider.”
Naser Taher, Chairman of MultiBank Group added:
“I have always firmly believed that a company is nothing without the effort and support of its core team that works hard in their day-to-day job and making this happen. In this aspect, I have been blessed to have a very talented team, particularly our extremely competent and dynamic Management Board.”
SEPA Cyber Technologies is a Bulgaria based fintech company that enables the establishment of neobanks and digitisation of financial services. The unique technological solution CoreX banking system, into which the SEPA MuSe (Multi-Service Gateway) platform is integrated, distinguishes a company with scalability and the capability of creating a tailor-made solution for every client.
