NEW YORK & SINGAPORE–(Small business WIRE)–Financial engineering remedies provider MonetaGo has appointed Ben Arber to the recently designed position of running director, US and Canada, productive immediately.
Centered in New York, Arber will lead MonetaGo’s US and Canadian functions, bringing jointly North American and world monetary establishments to travel adoption of the company’s common, standardised deduplication utility, which combats fiscal fraud in trade finance.
Arber delivers with him a prosperity of trade finance, payments and commercial banking working experience in North America, Asia and the Center East. His working experience contains 24 yrs at HSBC in various intercontinental roles, including as head of their Canada world trade and receivables finance organization which tripled in measurement beneath his leadership, and most recently as head of economical crime compliance for US commercial banking and world-wide trade and receivables finance.
“Over the class of my profession, I’ve engaged with regulators, policymakers and sector leaders on the alternatives and difficulties in managing fraud and crime hazard and found initially-hand how use of technological know-how can make a difference,” says Ben Arber, running director, US and Canada at MonetaGo. “MonetaGo has made a exclusive world-wide option to a pervasive trouble, and I’m enthusiastic about driving its implementation in the US and Canadian markets. If we can stamp out the bad actors, we have the opportunity to make trade finance do the job better for everyone, and I’m hunting ahead to finding commenced.”
“The present-day economic and geopolitical volatility is placing a squeeze on businesses. As they contend about the globe, they have to have the right assist to acquire international sales,” says Jesse Chenard, CEO and co-founder of MonetaGo. “Tested in output in its fifth 12 months, MonetaGo’s Safe Financing process has previously aided to unlock trade finance for providers both equally massive and smaller. We’re thrilled to have a banking compliance veteran like Ben on board and appear ahead to tapping on his skills in transforming, rising and de-jeopardizing the North American trade finance sector.”
MonetaGo presents the initial-ever world alternative to duplicate funding fraud in trade finance and is the world’s foremost provider of such technologies to protect against both domestic and cross-border duplicate financing.
By reducing fraud in trade finance, MonetaGo’s enterprise things to do align with around the world political and regulatory mandates that empower institutions to sustain source chains and increase their textbooks of organization into new marketplaces and to underserved sectors, all even though keeping privacy and enabling critical serious-time determination generating.
MonetaGo’s Secure Funding platform is established in manufacturing, obtaining been are living due to the fact March 2018 with sizeable transaction throughput.
MonetaGo and its Protected Financing solution have won many accolades which includes Best Fintech Startup in Trade at the GTR Leaders in Trade Awards 2022, Very best Solution in Trade Finance at the AMTD DigFin Innovation Awards throughout the Hong Kong Fintech 7 days 2021 and Most Productive Financial institution-Fintech Partnership at the IBS Intelligence Worldwide Fintech Innovation Awards 2021.