"There is a real opportunity here for government and industry to work together. This report should be a wake-up call to business and government alike to act now."

Chris Southworth, Secretary General, ICC United Kingdom, speaking about the joint ICC UK and MonetaGo whitepaper ‘Shutting Fraudsters out of trade’.

"The adoption of such a solution by key industry players will be key to mitigating fraud and reducing duplicate financing risk in trade finance."

Samuel Mathew, Global Head of Flow and Financial Institutions Trade, Standard Chartered

"We warmly welcome this new Swift and MonetaGo initiative – using standards defined in the ICC Standards Toolkit – to scale value throughout the banking community and make trade an even safer asset class than it is today."

Andrew Wilson, Global Policy Director, International Chamber of Commerce

"The launch of the MonetaGo Trade Financing Validation Service over Swift is an example of where technology together with the financial services ecosystem can reduce the risk of multiple financing across the world."

Peter Mulroy, Secretary-General, FCI

"The Trade Financing Validation Service, provided with MonetaGo, is a great example of how our API platform can be harnessed to provide a single solution to help banks tackle fraud and financial crime at the international level."

Shirish Wadivkar, Head of Wholesale Payments and Trade Strategy, Swift

“At no time in history has the world had a greater need for the Secure Financing platform. MonetaGo helped us by adding a critical layer of important control for our domestic factoring proposition in India.”

Ravi Valecha, CEO, India Factoring

“We are pleased to provide our strong endorsement for MonetaGo's Secure Financing service. As pioneers in utilising this cutting-edge solution since 2018, we have experienced firsthand the transformative benefits it offers to India’s TReDS exchanges.

MonetaGo's service provides efficient verification that enhances the integrity of our transactions by identifying already financed invoices and effectively preventing fraudulent activities, through the use of advanced cryptographic techniques that ensures data security. MonetaGo's technology seamlessly integrates with our existing operational processes, and has demonstrated remarkable scalability and resilience as the volume of invoices processed continues to grow.

At RXIL, we firmly believe that efficient and secure invoice financing processes are crucial for the success of the TReDS platforms and the financial inclusion agenda they serve. Based on our first hand experience, we wholeheartedly recommend implementing MonetaGo's Secure Financing service to prevent fraudulent and unintentional duplication of invoice financing transactions.”

Ketan Gaikwad, Managing Director & CEO, RXIL