Using world-leading innovation and cutting-edge technology to provide fraud detection and prevention solutions for global finance and trade ecosystems.

MonetaGo empowers finance and trade industries to solve for systemic risks through privacy preserving digitization and fraud mitigation at scale. The award-winning Secure Financing system, built to scale at the global level to support multiple use cases, positions MonetaGo as the world’s foremost provider of fraud prevention technology.

Recent events around the world show that fraud can be perpetrated over long periods of time, to be discovered only when disruptions to operations occur causing fraudsters to be unable to repay their financiers.

Closed ecosystems and standalone in-country solutions can only mitigate risk within narrowly defined digital islands or domestic boundaries and do not address global, cross-border risk.

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, all while maintaining the privacy and enabling critical real-time decision-making.

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Industry organisations and
partners we work with

Key achievements and milestones

Key achievements

-The Trade Receivables Discounting System (TReDS) platforms in India have migrated the invoice fingerprinting solution from DLT to confidential cloud computing. The new solution, referred to as “Secure Financing” is standards-based and can handle many millions of documents and multiple document types.

-FCI, the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables, has announced a new partnership with MonetaGo, a leading global provider of fraud prevention technology. The partnership will grow the adoption of enhanced fraud prevention measures, including interoperable receivables recording centres, to drive meaningful action in combatting fraud in factoring and receivables finance
-The International Chamber of Commerce United Kingdom (ICC United Kingdom) has announced a new initiative to strengthen the UK finance industry against the impacts of duplicate financing fraud. The Centre for Digital Trade and Innovation (C4DTI)-led initiative will leverage ICC United Kingdom’s convening capabilities to deliver this flagship project under the C4DTI’s Shutting fraudsters out of trade workstream in partnership with MonetaGo.
-efcom and MonetaGo join forces to future-proof the factoring industry. The partnership will see MonetaGo's Secure Financing platform integrated into efcom's core factoring platforms, providing financiers with an additional layer of security and increasing trust in the factoring industry amid rising demand.
-MonetaGo partners with Lloyd’s List Intelligence to authenticate key trade finance documents to strengthen its real-time interruption of fraudulent trade financing attempts through the authentication of key trade documents.
-Through a first-of-its-kind partnership with Swift, the new Secure Financing platform is the first value-added trade service accessible to Swift’s 11,000 members worldwide via the Swift Global API Gateway. With the launch of the system over Swift, the trade finance industry now has a natively global solution that is interoperable between markets, institutions, and platforms, enabling financiers to catch and stop both domestic and cross-border fraud.
-The International Chamber of Commerce UK (ICC UK) and MonetaGo released a key industry whitepaper ‘Shutting fraudsters out of trade’.
-Leading Edge Technology: Pioneer in Data Privacy. Pioneering usage of Google Cloud’s Confidential Computing technology to allow financiers to compare pooled data securely, anonymously and in real-time, meaning nobody can access the data.
-After an extensive bidding process, the Association of Banks Singapore (ABS) selected MonetaGo to build the Singapore Trade Finance Registry, an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud in the Singapore domestic market.
-In December 2020, MonetaGo was awarded the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant. The goal was to prove that institutions can prevent duplicate financing fraud relating to Invoices, Purchase Orders, Warehouse Receipts, and Bills of Lading by collaborating from any location.
The resulting whitepaper was released entitled ‘A Global Standardized Approach to Combating Duplicate Financing Fraud in Trade Finance.
-Secure Financing is deployed: Built originally for India’s Trade Receivables e-Discounting System (TReDS) exchanges, commercial banks, and factors to prevent duplicate financing in the Indian domestic receivables finance market.