MonetaGo announced that the company has teamed with IBM and started collaborating on deployments, beginning with the ASEAN region. Top banking regulators have been moving quickly following a new spate of large-scale frauds across trade finance, demanding that more be done to identify risks in the sector. The collapse of Greensill and Hin Leong in the past year were the most recent high-profile examples. Digitization of key trade finance processes provides an opportunity for financial institutions to collaborate in new and exciting ways while maintaining the privacy of their customers’ data. Cryptographic hashing enables transaction information to 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 has been in production since 2018, enabling financiers to de-risk invoices before financing them.