Standard Chartered has successfully completed an industry-first pilot testing of the Trade Financing Validation Service (TFVS) provided by MonetaGo over SWIFT, to mitigate the risks of duplicate trade finance fraud in both domestic and global transactions.

Designed to detect, deter and prevent duplicate financing, it also overcomes challenges created by information silos, private-private data sharing and data confidentiality within and between financiers through the use of privacy-preserving technologies including confidential computing.

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