MonetaGo Appoints Ben Arber US, Canada Managing Director

MonetaGo hires Ben Arber to derisk trade finance in the US and Canada (Photo: Business Wire)

KUALA LUMPUR, June 28 (Bernama) -- Financial technology solutions provider MonetaGo has appointed Ben Arber to the newly created role of managing director, US and Canada, effective immediately.

Based in New York, Arber will lead MonetaGo’s US and Canadian operations, bringing together North American and global financial institutions to drive adoption of the company’s universal, standardised deduplication utility, which combats financial fraud in trade finance.

Arber brings with him a wealth of trade finance, payments and commercial banking experience in North America, Asia and the Middle East.

His experience includes 24 years at HSBC in various international roles, including as head of their Canada global trade and receivables finance business which tripled in size under his leadership, and most recently as head of financial crime compliance for US commercial banking and global trade and receivables finance.

“Over the course of my career, I’ve engaged with regulators, policymakers and industry leaders on the opportunities and challenges in managing fraud and crime risk and seen first-hand how use of technology can make a difference,” says Arber in a statement.

“MonetaGo has developed a unique global solution to a pervasive problem, and I’m excited about driving its implementation in the US and Canadian markets. If we can stamp out the bad actors, we have the chance to make trade finance work better for everyone, and I’m looking forward to getting started.”

MonetaGo CEO and co-founder Jesse Chenard adds: “The current economic and geopolitical volatility is placing a squeeze on businesses. As they compete around the world, they need the right support to win global sales.

“Proven in production in its fifth year, MonetaGo’s Secure Financing system has already helped to unlock trade finance for companies both large and small. We’re thrilled to have a banking compliance veteran like Ben on board and look forward to tapping on his expertise in transforming, growing and de-risking the North American trade finance market.”

-- BERNAMA