Home News Neil Shonhard Is Named As the Incoming CEO of MonetaGo

Neil Shonhard Is Named As the Incoming CEO of MonetaGo

Neil Shonhard Is Named As the Incoming CEO of MonetaGo

Financial technology solutions provider MonetaGo today announced that its co-founder and CEO Jesse Chenard will transition to the role of Executive Chairman and that Neil Shonhard, currently, President will become Chief Executive Officer, effective immediately.

Shonhard joined MonetaGo as Managing Director, of Asia Pacific in June 2020 before becoming company president in August 2021. His prior experience includes 12 years at the financial services firm TP ICAP, as well as senior roles at securities firms in Europe and Asia. As Executive Chairman, Chenard will remain closely involved with MonetaGo’s activities and act as an advisor to the company’s management team.

Since entering full production in 2018, MonetaGo’s Secure Financing system has processed over 3.5 million transactions in India. MonetaGo has partnered with SWIFT to provide banks with global access to the Secure Financing system via SWIFT’s Global API. More recently, MonetaGo has been mandated to build the 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, convening stakeholders in the public and private sectors, and scaling internationally.

“Building MonetaGo with such a wildly talented, innovative, and creative team has been the gift of a lifetime,” says Chenard. “We’ve built a growing global business that has already helped to unlock trade finance for companies both large and small, and we’re just getting started.”

Chenard continues: “In our next chapter, we are focused on cementing our position as the world’s foremost provider of trade finance fraud prevention technology and continuing to bridge information silos across the trade ecosystem. Neil is a great leader in this new phase of development. As company president, he has driven MonetaGo’s success, meeting the stringent requirements of our clients in one of the most highly regulated industries on earth. As CEO, he will take MonetaGo to the next level, making trade finance work 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 it as a company, and as a team, we are now poised to transform the way trade is financed,” says Shonhard. “I am humbled to be taking the reins as CEO at such a pivotal time, and I look forward to collectively building on the work done so far to lead the company into its next chapter of growth and impact.”

Fiscal Stimulus Bolsters US Economic Growth in Q1, Fastest GDP Growth Since 2003

The second-fastest gross domestic product growth since the third quarter of 2003, reported by the Commerce Department on Thursday, left output just 0.9% shy of its level at the end of 2019.

US Economy Grew Robustly in First Quarter

GDP grew at a 6.4% annual rate in the quarter, leaving the economy within 1% of its peak.

Asia-Pacific Markets Broadly Lower As Investors Turn Cautious

Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session.

World Shares Near Record High on Strong US Economic Data and Earnings

US economic growth accelerated in the first quarter, fuelled by massive government aid.

How the US Won the Economic Recovery

I looked for a country that got the economic response to Covid-19 right. I found the US.

Barclays Boss Predicts Biggest Economic Boom Since 1948

The UK is about to experience its biggest economic boom since the aftermath of World War Two, according to Barclays boss Jes Staley. His upbeat...

Buying American Is Easier Said Than Done: Will Biden’s Plan Juice the US Economy?

Joe Biden and Donald Trump don't agree on much, but this much they do: We should buy American products. But that's easier said than done.

Silver Down As Dollar and Yields on Bonds Rose as US Economy Advanced

Benchmark U.S. 10-year Treasury yields hovered near a more than two-week high, increasing the opportunity cost of holding non-yielding bullion.

Yellen Doesn’t See Biden Plan Creating Inflation ‘Issue’

President Joe Biden’s economic plan is unlikely to create inflation pressure in the U.S. because the boost to demand will be spread over a decade, said Treasury Secretary Janet Yellen.

Inflationary Pressure, Hawkish Fed Official Remarks Keep US Stocks on Leash

Dow added 2.4%, the S&P 500 gained 5.6%, and the Nasdaq jumped 7%. Dow was down 0.54% at 33,875 while the S&P was down by 0.72%. Nasdaq was down by 0.85%.