The MonetaGo Secure Financing system facilitates digitalization and reduces risk in trade finance.

The Secure Financing system

Secure Financing is a multi-module trade finance operating system that combines digitization and fraud prevention solutions, by leveraging encryption and confidential computing technology. This enables financiers to cooperate to detect suspicious transactions.

Solutions

Deduplication

Our industry-leading approach with confidential computing environments enables ecosystem level duplicate financing detection at scale.

We don't change the application or workflow for managing your financing operations, we supplement them with the required data to enable duplicate financing requests from customers, shielding you from risk and losses.

We don't store your documents. We are trade finance product agnostic. By leveraging metadata fields from trade documents we can provide insight into both exact matches (exact document being financed at another financial institution) and partial match detection (when fraudsters alter some fields in their attempt to evade detection).

In production since 2018 and operational over billions of dollars of trade, we are a trusted, proven duplicate financing detection solution.

Authentication

Authentication icon

Connecting to various golden sources of data around the world and removing the complexity of integration while delivering the data points you need to reduce risk.

Through the submission of a small subset of metadata using documents such as the Bill of Lading, we verify against various golden sources of data to provide you further insights into the authenticity of documents.

With Lloyds List Intelligence, S&P Global, regional tax registries, and with many more to come, we take care of the complexity of integration and provide you with a simple, unified response back.

We also integrate with data sources such as Legal Entity Identifiers (LEIs) which allow us to automate validation of entities in a transaction, aiding in validation of identity within documents as well as streamlining KYC processes.

Over/Under Invoicing Detection

Also referred to as misinvoicing, our unique approach enhances the efficacy of detection through the collation of transactional data at the customer level, and aggregating statistics and analyses in a privacy preserving manner across financial institutions to detect unit pricing anomalies.

Using analytics and big data, long term contract impacts on price variations across the broader community of financiers can be established. Nuances around trade corridors and economic sectors can also be applied.

Title Document Management

Exporters and carriers use various productivity tools to produce electronic Bills of Lading. Our objective is to shield you from that complexity when it comes to both presentation of documents and transfer of possession operations.

Branch level operations require a simplified approach to verifying and validating electronic title documents. The current mode of dealing with eBL platforms don't scale for operating model embedment.

Simplified verification and transfer of possession will greatly reduce operating model complications and enable you to scale out your verification and transfer of possession workflows, without the need to train employees on the various title document applications globally.

Ways to connect

Secure Financing is available to financiers as a web-based UI as well as RESTful API, with multiple channels available.

  • Where automated integration is not viable or cost-effective, a web application can be used for processing of transactions. This will also provide a visual platform for report generation by users even if they are API consumers.

  • Client integration to APIs is facilitated by OpenAPI 3 specifications and ISO 2022 compliance.

  • To facilitate as many integration options as possible, MonetaGo works openly with various channel partners to offer access to the service, including direct integration to existing trade platforms and core systems providers.

Swift & MonetaGo: The Trade Finance Validation Service

Secure Financing is available
via the Swift API gateway.

  • In a first-of-its-kind partnership with Swift, the Secure Financing solution is the first value-added trade service accessible to Swift’s 11,000 members worldwide via the Swift Global API Gateway.

  • Swift provides identity management, authentication, security, network reach and connectivity for banks worldwide to the global Secure Financing service.

  • Learn more about Secure Financing available via Swift here.

How to join

Getting started is easy

Getting started with MonetaGo is easy. Simply fill in the below form and a local representative will contact you.