Unloq embeds MonetaGo duplicate-finance screening into receivables workflows

Unloq has embedded MonetaGo’s Secure Financing technology into its trade and supply-chain finance workflows, introducing cross-institutional screening designed to identify potentially duplicated receivables before financing is advanced.

The integration directly targets one of the most difficult fraud risks in receivables finance: the same underlying invoice or trade obligation being presented for funding to multiple financiers that cannot see each other’s transaction records.

MonetaGo’s technology provides Unloq with an additional validation check across institutions while keeping the underlying commercial information confidential, according to the companies’ announcement on Monday.

The timing is significant for trade finance because recent commodity and receivables disputes have repeatedly demonstrated that invoice verification at a single institution may not be enough where documentation is fabricated, altered or presented through several financing channels.

Unloq said the screening is carried out before funds are advanced. That places fraud detection directly in the credit-origination process rather than relying solely on post-funding monitoring or recovery procedures.

The company provides receivables, payables and wider supply-chain financing and is part of Linklogis Group. Unloq says its wider platform has processed more than US$290bn of supply-chain assets and supports more than 450,000 companies across 42 countries.

Those figures relate to Unloq and the broader platform’s historical operating scale and should not be interpreted as the volume currently screened through MonetaGo.

The commercial significance lies instead in how the technology changes transaction controls. A conventional financier can validate documents against information supplied by a borrower and debtor, but duplicate financing across unrelated lenders is difficult to identify if each institution operates within a separate data environment.

A shared validation layer can potentially close that visibility gap without requiring financiers to expose commercially sensitive transaction information to competitors.

For receivables financiers, the development is therefore less about another software integration than about where fraud checks sit in the funding process.

Screening before advance could become increasingly important as trade assets are originated and distributed across banks, non-bank lenders and digital platforms operating in different jurisdictions.