Global Fraud Prevention for Finance and Trade

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Industry organisations and partners we work with

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Core Digital Public Infrastructure for finance and trade

MonetaGo is the leading provider of global Digital Public Infrastructure (DPI), used to unlock inclusive growth by de-risking trade finance, enable greater MSME financial inclusion, and enhance VAT collection.

Underpinned by our proven and market-agnostic technology, interoperable and standards-based, and trusted by Swift, Google, AWS, Oracle, central banks, banks and inter-governmental agencies globally.

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Why MonetaGo

  • First-ever fraud prevention solution

    MonetaGo operates the world’s first global trade finance fraud prevention solution, designed by trade experts with more than 200 years of combined banking experience who can help to reduce costs and streamline processes.

  • Accelerates client growth

    MonetaGo is the world’s foremost provider of duplicate financing prevention technology. Our software leverages leading-edge technologies to accelerate client growth, connect markets efficiently, and prevent fraud, all while maintaining the privacy and enabling critical real-time decision-making.

  • Award-winning technology

    MonetaGo’s award-winning Secure Financing solution is the first third-party service, in trade, available on the Swift API channel.

  • Opens up new markets for growth

    By reducing fraud in trade finance, MonetaGo’s business activities align with worldwide political and regulatory mandates that empower institutions to sustain supply chains and extend their books of business into new markets and underserved sectors.

  • Interoperable in trade finance systems

    MonetaGo’s systems are interoperable, meaning you can reduce fraud losses with minimal impact to business systems and processes.

Key features and benefits

Features explained

  • Trade document information is hashed into digital fingerprints, enabling efficient secure comparison and detection of duplicates.

  • Data is securely encrypted with AES and SSL, and the information security management system is ISO 27001:2013 certified. Data structures comply with ISO 20022.

  • Neutral, agnostic and interoperable - MonetaGo’s solution is designed to be compatible with all trade finance infrastructure.

  • Data is processed within a trusted execution environment to guarantee privacy.

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What the industry
says about MonetaGo

  • "There is a real opportunity here for government and industry to work together. This report should be a wake-up call to business and government alike to act now."

    Chris Southworth, Secretary General, ICC United Kingdom, speaking about the joint ICC UK and MonetaGo whitepaper ‘Shutting Fraudsters out of trade’.

  • "The adoption of such a solution by key industry players will be key to mitigating fraud and reducing duplicate financing risk in trade finance."

    Samuel Mathew, Global Head of Flow and Financial Institutions Trade, Standard Chartered

  • "We warmly welcome this new Swift and MonetaGo initiative – using standards defined in the ICC Standards Toolkit – to scale value throughout the banking community and make trade an even safer asset class than it is today."

    Andrew Wilson, Global Policy Director, International Chamber of Commerce

  • "The launch of the MonetaGo Trade Financing Validation Service over Swift is an example of where technology together with the financial services ecosystem can reduce the risk of multiple financing across the world."

    Peter Mulroy, Secretary-General, FCI

  • "The Trade Financing Validation Service, provided with MonetaGo, is a great example of how our API platform can be harnessed to provide a single solution to help banks tackle fraud and financial crime at the international level."

    Shirish Wadivkar, Head of Wholesale Payments and Trade Strategy, Swift

  • “At no time in history has the world had a greater need for the Secure Financing platform. MonetaGo helped us by adding a critical layer of important control for our domestic factoring proposition in India.”

    Ravi Valecha, CEO, India Factoring

  • “We are pleased to provide our strong endorsement for MonetaGo's Secure Financing service. As pioneers in utilising this cutting-edge solution since 2018, we have experienced firsthand the transformative benefits it offers to India’s TReDS exchanges.

    MonetaGo's service provides efficient verification that enhances the integrity of our transactions by identifying already financed invoices and effectively preventing fraudulent activities, through the use of advanced cryptographic techniques that ensures data security. MonetaGo's technology seamlessly integrates with our existing operational processes, and has demonstrated remarkable scalability and resilience as the volume of invoices processed continues to grow.

    At RXIL, we firmly believe that efficient and secure invoice financing processes are crucial for the success of the TReDS platforms and the financial inclusion agenda they serve. Based on our first hand experience, we wholeheartedly recommend implementing MonetaGo's Secure Financing service to prevent fraudulent and unintentional duplication of invoice financing transactions.”

    Ketan Gaikwad, Managing Director & CEO, RXIL

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