MultiBank Group selects SEPA Cyber to boost business expansion

By Megha Bhattacharya

SEPA Cyber Technologies, a global FinTech provider, is providing MultiBank Group with FinTech and RegTech solutions to grow into a fully digital bank and expand its business. The final goal is to enrich their service portfolio and become licensed EMI (Electronic Money Institution) in the EEA. SEPA Cyber Technologies is consulting MultiBank on licensing and incorporation as well as principal membership for VISA, MasterCard, and Union Pay. The two companies have set deadlines and plan to go live before the end of 2021.

“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,” said Marvin Blazhevski, CEO and Founder of SEPA Cyber Technologies

The 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.

“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,” said Mr. Naser Taher – Chairman of MultiBank Group.