FinTech startup MonetaGo has hired its first head of strategy in Europe, tapping Oswald Kuyler, to chart the firm’s continental expansion.
Kuyler will assume his newly created role based in London, tasked with leading MonetaGo’s European expansion as it ramps up its growth plans across the region. He will help promote the company’s financing solution through Europe’s patchwork economies, with a sharp focus on optimising the flow of products to help European, UK and global institutions “combat financial fraud and overcome paper-based manual document workflow inefficiencies,” MonetaGo said.
Prior to landing at MonetaGo, Kuyler was the first managing director of the International Chamber of Commerce (ICC)’s Digital Standards Initiative (DSI). During his time at the DSI, he was instrumental in bringing together participants from across the global trade ecosystem to facilitate interoperability in trade finance digitalisation.
Kuyler also spent seven years at mining giant BHP, where he last held the position of head of data strategy, leading a number of initiatives that covered blockchain technologies, electronic documentation in trade finance, data analytics and process automation.
Commenting on his appointment, Oswald Kuyler said: “We are on a mission to enable the financial ecosystem to effectively service more customers – accelerated by increasing the productivity of financial workflows and drastically reducing risks. It is a privilege to join a company where I know the work we do every day will make a difference to so many.”
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.
“MonetaGo’s global momentum is driven by our focus on partnerships across the trade ecosystem. As we continue to work with key international organisations and associations to provide a universal, standardised deduplication utility that will safeguard trade finance, Oswald’s proven ability as a convener, thought leader and digitalisation advocate will be invaluable,” added Jesse Chenard, CEO and founder of MonetaGo.