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FINANCIAL TECHNOLOGY | Staff Reporter, Singapore

MonetaGo, GUUD partner to expand Asian operations

GUUD will be bolstered by MonetaGo's Secure Financing platform.

US-based fintech MonetaGo and Singapore tech platform GUUD have partnered to bring their services across Asia, a statement read.

GUUD’s solutions will be bolstered by MonetaGo’s Secure Financing platform, which prevents double financing and other types of trade fraud. The Secure Financing platform leverages R3’s blockchain technology and has already facilitated over 1 million transactions worth billions of dollars.

MonetaGo and GUUD’s alliance advances trade finance fraud prevention in APAC and facilitates expansion across the rest of Asia. These efforts have also received the official support of Japanese bank SMBC.

MonetaGo has hired Tat Yeen Yap as Head of Product APAC to support the company’s rapid growth in the region. Tat Yeen brings with him 30 years of experience at top banks, including leading Trade Finance for Société Générale Singapore and trade finance leadership positions with Citibank and ABN AMRO.

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