MonetaGo and IBM are partnering to deploy the recently-announced global secure financing solution in Asean.
Digitising key trade finance processes will create opportunities for financial institutions to collaborate in new ways while maintaining privacy of customer data. Cryptographic hashing lets transaction information 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 enables financiers to de-risk invoices before financing them.
“This thought through approach of breaking down information silos between institutions while maintaining the privacy of customers’ data is an effective method to resolve trade finance problems. We are excited to team with MonetaGo to take secure financing into several Asean countries,” said Martin Chee, General Manager of IBM Asean.
MonetaGo and IBM are working together to integrate secure financing into we.trade, Tradelens and PEPPOL.
“As we look to expand this solution across the globe, partnering with IBM provides value on many levels, from technical know-how to deep relationships with governmental bodies and financial institutions. By working with IBM, we know we can provide value to their clients in many countries in record time,” said Jesse Chenard, CEO of MonetaGo.