Mark Borton designated MonetaGo Australia and New Zealand Managing Director

Mark Borton, Managing Director of Australia and New Zealand (Photo: Business Wire)

KUALA LUMPUR, Feb 14 (Bernama) -- Financial technology solutions provider MonetaGo continues its global expansion with the appointment of Mark Borton to the newly created role of managing director, Australia and New Zealand, effective immediately.

Borton, who brings to the role 35 years of expertise built up in the fields of trade finance and cash management across the wider Asia Pacific region, joins MonetaGo following 11 years at National Australia Bank (NAB), where he held the dual roles of head of transactional & trade sales Asia, and head of trade & working capital product.

In a statement, MonetaGo CEO and founder, Jesse Chenard said: “Mark is well known in the industry, having represented all of the banks he has worked for in various capacities at the ICC. His solid on-the-ground knowledge of the region gives him unique insights into how outdated, paper-based processes are holding back trade.

“He’s exceptionally well-placed to drive our work to prevent fraud in trade finance, and we’re thrilled to have him on board.”

Meanwhile, Borton said: “Joining MonetaGo provides an exciting new avenue to work on applying digital technologies to solve problems in trade finance.

“I’m looking forward to applying a personal passion around the digitalisation of trade finance to bring about opportunities for banks, non-banks and businesses to gain increased financing as well as reduce risk.”

MonetaGo provides the first-ever global solution to duplicate financing fraud in trade finance, and is the world’s foremost provider of such technology to prevent both domestic and cross-border duplicate financing.

By reducing fraud in trade finance, MonetaGo’s business activities align with worldwide political and regulatory mandates that empower institutions to sustain supply chains and extend their books of business into new markets and to underserved sectors, all while maintaining privacy and enabling critical real-time decision making.

For more information, visit www.monetago.com.

-- BERNAMA