MonetaGo appoints first Head of Australia and New Zealand operations

abdelaziz Fathi

FinTech startup MonetaGo today announced the appointment of Mark Borton to the position of managing director, Australia and New Zealand. The new hire comes barely a week after the firm has named its first head of strategy in Europe, tapping Oswald Kuyler, to chart the firm’s continental expansion.


In his newly created role, Borton brings a broad perspective of the Asia Pacific market. He is tasked with delivering closer collaboration across MonetaGo’s different lines of business, as well as its industry, to help simplify each customer’s move to digitally transform their trade finance.

In the role, Borton will also focus on optimising the flow of products to help APAC institutions combat financial fraud and overcome paper-based manual document workflow inefficiencies.

Prior to landing at MonetaGo, Borton served more than 11 years at National Australia Bank (NAB), where he held the dual roles of head of transactional & trade sales, and head of trade & working capital product. His professional experience, which dates back to 1987, also encompasses stops at Commonwealth Bank of Australia. There, he spent three years as trade and finance product head within the working capital team.

The bulk of Mark’s career was spent at Standard Chartered where he worked 25 years, most recently as regional head of trade and cash management services for Hong Kong and Northeast Asia.

MonetaGo to sharpen focus on the Asia Pacific

Jesse Chenard, CEO and founder of MonetaGo, comments: “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 His solid on-the-ground knowledge of the region gives him unique insights into how outdated, paper-based processes are holding back trade.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.”

The creation of this new managing director of Australia and New Zealand role is designed to focus on fostering MonetaGo’s presence in the APAC market.

MonetaGo solutions aim to lower the risks that are associated with duplicate financing and fraudulent documents used in trade finance. The fintech first launched its operations back in 2018 in India, where they are used by commercial banks and non-bank financing companies. In its most notable milestone, MonetaGo teamed with SWIFT to provide banks access to a trade finance validation service via the bank cooperative’s Global API Gateway.

“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,” added Mark Borton.

Read this next

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”

Digital Assets

FINMA-regulated crypto bank SEBA Bank rebrands to AMINA

“As we look forward to 2024, our ambition is to accelerate the growth of our strategic hubs in Switzerland, Hong Kong, and Abu Dhabi, and to continue our global expansion, building on all the successes we have laid down over the past years.”

Retail FX

Good For New Traders: Free Crypto Sign Up Bonus No Deposit Required

In cryptocurrency trading, where innovation knows no bounds and the stakes are as dynamic as the digital assets themselves, the concept of no-deposit bonuses comes off as an enticement both for old and new traders. 

Digital Assets

Binance announces banking triparty agreement

“We’ve developed a solution that ensures our institutional clients can optimize their collateral and cryptocurrency investments, modeled after the traditional markets’ trading conduct. We are in close discussions with an array of banking partners and institutional investors who have also expressed strong interest in participating.”

Digital Assets

CoinEx fined $2 million in Québec, Canada

“This new decision follows the important decision obtained in earlier this year and is part of the AMF’s offensive against crypto asset trading platforms operating illegally in Québec that have not entered into pre-registration undertakings.”

Industry News

FINRA fines BofA Securities $24 million for spoofing in US Treasuries

BofA Securities failed to detect spoofing due to inadequate supervisory systems. These systems were not equipped to identify manual spoofing by traders.

Retail FX

Belgium regulator blacklists FXP360, Appex Finance, and Wise-Markets

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), has issued a warning against the unauthorized activities of multiple ‎ platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

Digital Assets

MicroStrategy piles on Bitcoin, acquiring 0.90% of circulating supply

MicroStrategy, the world’s largest Bitcoin corporate holder, has further increased its holdings of the primary cryptocurrency. According to a recent filing, the company acquired an additional 16,130 bitcoins between November 1 and November 29, spending $593.3 million at an average price of $36,785 per bitcoin.

Display only crypto