Borton brings 35 years of expertise in the fields of trade finance and cash management. He joins MonetaGo following 11 years at National Australia Bank (NAB), where he held roles of head of transactional & trade sales Asia, and head of trade & working capital product.
His experience also includes 3 years with Commonwealth Bank of Australia, as trade and receivables finance product head, and 25 years at Standard Chartered, most recently as regional head of trade and cash management services, Hong Kong and North East Asia.
Borton’s prior work will come in handy at MonetaGo
He is a former member of the board of directors at the Bankers Association for Finance and Trade (BAFT) where he also co-chaired the BAFT Asia Council, and as chair of the ICC Australia Banking Committee where he was involved in the ICC’s work on trade digitisation.
Welcoming Borton, Jesse Chenard, CEO and founder of MonetaGo, said, “Mark is well known in the industry, having represented all of the banks 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“His solid on-the-ground knowledge of the region gives him unique insights into how outdated, paper-based processes are holding back trade.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.”
“Joining MonetaGo provides an exciting new avenue to work on applying digital technologies to solve problems in trade finance,” adds Mark Borton, managing director, ANZ at MonetaGo.
“I’m looking forward to applying a passion around the digitalisation of trade finance to bring about opportunities for banks and businesses to gain increased financing to reduce risk.”
MonetaGo provides a global solution to duplicate financing fraud, and is the world’s foremost provider of such technology to prevent both domestic and cross-border duplicate financing.
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, all while maintaining privacy and enabling critical real-time decision making.
MonetaGo’s Secure Financing platform is proven in production, since inception in March 2018.
The Secure Financing solution has been recognised as Best Solution in Trade Finance at the AMTD DigFin Innovation Awards at the Hong Kong Fintech Week 2021, and as Most Innovative Use of Blockchain in Banking and Most Effective Bank-Fintech Partnership at the IBS Intelligence Global Fintech Innovation Awards 2021. Visit www.monetago.com.