Preventing duplicate financing of invoices and eWay Bills – India Factoring and MonetaGo join forces
Recently, Indian banks have had a number of high-profile fraud cases. In the first half of this year alone, there have been 40 cases of bank fraud reported to CBI.
Because of this, many customers have been turning to alternative lending platforms to avoid the fraud problems which persist in the Indian banking system. For this to be a viable option, these non-bank financiers must be able to overcome the fraud problems.
Through the onboarding of MonetaGo’s Secure Financing solution, India Factoring is able to offer a level of fraud protection to its clients which many banks cannot match, enabling non-bank financiers to provide a viable alternative to bank funding.