Monday, 18 October 2021

IBM collaborates with MonetaGo to address trade finance fraud in Southeast Asia

6 October 2021 – Tech giant IBM is teaming up with fintech start-up MonetaGo to address trade finance fraud, with an initial focus on Southeast Asia. As a part of the arrangement with IBM, MonetaGo can now be integrated into we.trade, TradeLens and Peppol, creating a risk mitigation ecosystem across multiple platforms and applications and playing a role to mitigate trade finance risks from double invoicing.

Last month, MonetaGo also partnered with SWIFT to provide banks access to a Trade Finance Validation Service via SWIFT's Global API Gateway. MonetaGo’s Secure Financing solution addresses specific risks of duplicate financing and fraudulent documents used in trade finance, and was first deployed in India in March 2018. 

Re-disseminated from MonetaGo

Diary of Activities
Finance Thailand 2021
19 October 2021
Strongest Banks 2021
21 October 2021
Transaction Finance and Risk Dialogue and Awards Ceremony
11 November 2021