MonetaGo teams with IBM to bring secure financing to ASEAN

Thursday 7 October 2021 11:54 CET | News

MonetaGo, a financial technology solutions provider, has started collaborating with IBM on deployments, beginning with the ASEAN region.

Digitisation of trade finance processes provides an opportunity for financial institutions to collaborate while maintaining the privacy of their customers’ data. Cryptographic hashing enables transaction information to be secure from being reverse engineered and thus to remain confidential. All parties can therefore ensure compliance with local laws and regulations while engaging in transactions across borders. MonetaGo’s Secure Financing solution has been in production since 2018, enabling financiers to de-risk invoices before financing them.

With MonetaGo and IBM working together, Secure Financing integrations into, Tradelens, and PEPPOL are now also being pursued. Providing connectivity is a complex task and the benefits for end users from small enterprises to large multinationals will help shrink the trade finance gap and facilitate billions in financings.

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Keywords: digital identity, data privacy, privacy-enhancing technology, product launch, IBM, e-invoicing
Categories: Fraud & Financial Crime
Countries: Asia
This article is part of category

Fraud & Financial Crime