Jeff Blumenfeld
Executive Vice President

About
MonetaGo is the financial technology company that created Secure Financing. This global digital platform leverages existing financial networks and new proprietary technology to prevent duplicate financing in real-time.
Our business activities align with worldwide political and regulatory mandates to empower institutions to extend their books of business into new markets and to underserved sectors. The company’s platforms have been live since March 2018.
The prevention of fraud helps accelerate growth all while maintaining privacy and allowing critical real-time decision making, enabling financial institutions to address the trillions of dollars lost each year due to inaccessible data and a lack of information sharing.

Total cost of fraud to the global economy
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Our solutions prevent fraud in real-time
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Select information from invoices and other trade finance documents are hashed and uploaded onto our platform
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80%-90% of global trade relies on trade finance
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Lack of digitization leaves trade finance open to fraud

How It Works
Countless instances of scandals trace back to duplicate financing - where multiple banks unknowingly finance the same authentic or fabricated documents - as there was no preventative nor collaborative detection mechanism in place.
Fraud in trade finance is a pervasive, global problem that costs companies billions every year. Fraud can be perpetrated over long periods of time, only discovered when a fraudster is finally unable to repay their financiers.
The Secure Financing network acts as a unified data repository across participants. The platform's Fingerprinting functionality creates a digital fingerprint that guarantees privacy while enabling detection of exact or partial matches between documents in the network.

Cutting-edge, proprietary technology



Critical real-time decision making through user-focused interfaces
Ready for deployment in heavily regulated environments
Coded for interoperability
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Transact directly and in strict privacy

Technology
MonetaGo works with our partners to create proprietary solutions that harness best-in-class technology including the financial industry’s leading enterprise protocols.
Our platforms are specifically designed to easily integrate with existing systems, not to ‘rip and replace’ existing digital infrastructure.
Our solutions are regulator and user-friendly, compliant with current regulations, and ready to easily deploy in heavily regulated environments either through the web or host-to-host API.