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New York and London and Singapore –(Business Wire–Financial technology solutions provider MonetaGo Co-founder and CEO Jesse Chenard has announced that he will be transitioning to executive chairman and Neil Schoenhardt will be the current CEO.
Schoenhardt joined Monetago as Managing Director Asia Pacific in August 2020 before becoming Company President. As Executive Chairman, Chenard will be closely involved with MonetaGo’s activities and act as an advisor to the company’s management team.
In the year Since going into full production in 2018, MonetaGo’s secure financial system has processed over 3.5 million transactions in India. MonetaGo has partnered with SWIFT to provide banks with global access to a secure financing system through the SWIFT Global API. Recently, MonetaGo was commissioned to build a trade finance registry in Singapore.
Since its inception, MonetaGo has been laser-focused on developing a standards-based approach to fraud prevention, continuously improving its roadmap, mobilizing public and private sector stakeholders, and growing globally.
“Building MonetaGo with such a talented, creative and innovative team has been the gift of a lifetime,” says Chenard. “We’ve built a growing global business that has helped unlock trade finance for companies large and small, and we’re just getting started.”
Chenard continued: “In our next phase, we will focus on strengthening our position as the world’s leading provider of trade finance fraud prevention technology and bridging data silos across the business ecosystem. Neil is a great leader for this new phase of growth. As Company President, he led MonetaGo’s success by meeting our customers’ stringent requirements in one of the most highly regulated industries on Earth. As CEO, he will take MonetaGo to the next level, making business finance better for everyone.
“MonetaGo’s engagement with regulators, policymakers, and industry leaders on the key opportunities and challenges in managing fraud risk has long distinguished us as a company, and as a team we are now poised to transform the way trade finance is conducted,” said Schoenhardt. “I am thrilled to be appointed as CEO at such a critical time and look forward to building on the work accomplished so far to lead the company into its next phase of growth and impact.”
About MonetaGo
Monetago’s secure financing solution enables banks and traditional financiers as well as non-bank financial institutions, fintechs and trade finance funds to check for fraud and duplicate financing. By reducing trade finance fraud, MonetaGo’s business operations are aligned with global political and regulatory imperatives that encourage institutions to continue up the supply chain and expand their books of business into new markets and underserved sectors, all while maintaining confidentiality and enabling critical real-time decision-making.
MonetaGo was awarded the Best Fintech Startup in Business 2021 by Global Business Review, Secured Financial Solution as Best Solution in Business Finance by AMTD DigFin Innovation Awards at Hong Kong Fintech Week 2021 and Most Effective Bank-Fintech Partnership at IBS Intelligence Global Fintech Innovation Awards 2021.
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