Financial technology solutions provider MonetaGo has been selected by the Association of Banks in Singapore (ABS) to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud.
“The MonetaGo-built TFR will significantly improve efficiencies in trade finance in Singapore, mitigating the risk of double financing, and ensuring confidence can be upheld globally in trade fraud mitigation.”
