Firm gets business application provider licence

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A financial services platform providing access to a secure treasury and liquidity management system, Multigate, has announced its qualification as a licensed SWIFT Lite2 Business Application Provider.

It disclosed that the SWIFT qualification validates its business application and provides connectivity for its customers to thousands of financial institutions globally by leveraging the SWIFT network.

Statement by the company said, “The SWIFT license will also extend its capacity to offer standardised, safe, and secure services to its clients and partners with an overall objective of increasing revenue by efficiently maximising cash flows. He added, “This also solidifies our adherence to global information security and market best practices and our compliance with global ISO messaging for our clients. We are optimistic about the value we can offer to large corporates through SWIFT to expand to more international markets in the long term.”

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