MonetaGo

MonetaGo operates the world’s first global trade finance fraud prevention solution, leveraging digital fingerprinting created from hashing technology to deduplicate documents and provide real-time protection against fraud. The company’s systems are designed to be interoperable, reducing fraud losses with minimal impact on existing business processes. MonetaGo’s data is securely encrypted with AES and SSL, and its information security management system is ISO 27001:2013 certified, ensuring high standards of data privacy and security. The company’s data structures comply with ISO 20022, making its solutions compatible with all trade finance infrastructure. MonetaGo’s Secure Financing solution, available as a web-based UI and RESTful API, was initially built for India’s Trade Receivables e-Discounting System (TReDS) exchanges and is now accessible to Swift’s 11,000 members worldwide. The company partners with Lloyd’s List Intelligence to authenticate key trade finance documents and provides authentication against trusted third-party sources such as trade and maritime data aggregators and government agencies. MonetaGo’s multi-module trade finance operating system combines digitization and fraud prevention solutions, offering deduplication, authentication, over/under invoicing detection, and title document management. The company has offices in New York, Singapore, Mumbai, and London. MonetaGo has received numerous accolades, including the AMTD DigFin Innovation Awards for Best Solution in Trade Finance during the Hong Kong Fintech Week in 2021, the IBS Intelligence Global Fintech Innovation Awards for Most Effective Bank-Fintech Partnership in 2021, and multiple awards in 2023 such as the Trade Finance Global (TFG) Trade, Treasury & Payments Awards for Best Tradetech- Compliance and Risk, the Global Trade Review (GTR) Leaders in Trade Awards for Best Fintech in trade, and the ICC C4DTI Digital Trade Awards for Best Use of Digital Identities. In 2022, MonetaGo was selected by the Association of Banks Singapore (ABS) to build the Singapore Trade Finance Registry and launched the Secure Financing platform over Swift. In 2023, MonetaGo partnered with efcom to integrate Secure Financing into efcom’s core factoring platforms and announced a new initiative with the International Chamber of Commerce United Kingdom (ICC United Kingdom) to strengthen the UK finance industry against duplicate financing fraud.