Bulgaria-based fintech company SEPA Cyber Technologies, which stepped into the Turkish market in February and operates in more than 32 countries around the world, announced that it has signed an important cooperation with MultiBank Group, one of the world’s largest online financial derivatives providers. “We are extremely honored that a financial giant like MultiBank Group has chosen us,” said Marvin Blazhevski, SEPA Cyber Founder and CEO.
The effects of digital transformation, which accelerated in the pandemic, continue in the fintech (financial technology) sector, as in many areas. According to Statista data, the global fintech market, which reached a size of approximately 111.2 billion dollars in 2019, is expected to reach 325.3 billion dollars in 2030 with an annual growth of 10.3% in line with the increasing digital payment, blockchain technology investments and e-commerce activities with the pandemic. The digital transformation steps of world giants also play a decisive role in this picture. Finally, Bulgaria-based fintech company SEPA Cyber Technologies, which stepped into the Turkish market in February, announced that it has signed an important cooperation with MultiBank Group, one of the world’s largest online financial derivatives providers. According to the information obtained from the company, SEPA Cyber Technologies will provide MultiBank Group with solutions in the field of finance and regulation technologies in order to take the right steps towards digitalization and continue its growth.
It will also provide consultancy services.
Making a statement on the subject, SEPA Cyber Technologies Founder and CEO Marvin Blazhevski said, “Within the scope of cooperation, VISA, Mastercard and Union will help MultiBank Group to enrich its service portfolio and position itself as a licensed Electronic Money Institution (EMI) in the European Economic Area (EEA). We will also provide consultancy services on licensing and main membership issues for Share. The complete solution package we offer includes a digital wallet and trading operations, as well as KYB, the verification process of commercial organizations and inclusive ownership structure, KYC, which allows customers to be identified through real-time data, IPG, which offers a payment gateway that companies can brand with their own identities, and political influencers. and PEP products that allow enforcement to be controlled. We are extremely honored that a financial giant like MultiBank Group has chosen SEPA Cyber for its fintech and advisory services. The fact that Naser Taher, Chairman of MultiBank Group, who is one of the Top 50 Influential People in Global Financial Markets, also accepts us as a reliable technology and solution provider, proves once again that we are on the right track.”
MultiBank Group President Naser Taher stated that they believe that SEPA Cyber’s services will make a significant contribution to MultiBank’s completion of its digital transformation journey and said, “As MultiBank Group, we serve a customer base of more than 320 thousand from 90 countries with our 25 offices located all over the world, and with institutions affiliated with major financial centers. We run partnerships. With our transaction volume of over $7.2 billion, we allow 90,000 transactions per day and today we are positioned as one of the largest financial derivatives providers in the world. Now, we are preparing to take new steps that will set an example for the industry by walking with SEPA on our digital transformation journey.”