Leverage Data Collaboration to Mitigate Trade Finance Fraud

Eliminate fraud in the trade finance data ecosystem by enabling multiple lenders to be alerted when a funding request has already been financed – without revealing the identity of the entity making the request.

The Impact of Trade Finance Fraud

Duplicate trade financing has led to billions of dollars in losses for lenders. When seemingly legitimate businesses present the same invoice to multiple lenders, each individual lender is limited to the data available to them. The inability for lenders to share transactional data with one another due to privacy, regulatory, and competitive concerns works against lenders and plays into the hands of bad actors.

Duality’s privacy-preserving data collaboration platform enables lenders to work together to tackle duplicate trade financing without exposing any sensitive information.

Detect Duplicates with Sensitive Data Intact

With Duality, lenders can cross-check for duplicates – while keeping sensitive business and transaction information hidden. Using the platform, a lender inputs relevant details and is able to automatically query lenders as to whether the request for funding has already been financed – without exposing the transactional information or the identity of the lenders themselves. If the same request has already been financed elsewhere, relevant lenders are alerted without exposing which banks financed or submitted the inquiry.


Proactively Detect and Prevent Fraud

Discover duplicate financing requests before disbursing funds.

Make Loan Approval Teams More Effective

Issue simple privacy-preserving queries - no arduous processes involved.

Comply with Privacy and Financial Regulations

No private data is exposed or shared.

Lend with Confidence

Reduce contingency requirements by better understanding the risk of financing applicants.

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Fact Sheet: Prevent Duplicate Trade Financing by Leveraging Ecosystem Data

Preventing duplicate trade financing is challenging because transactional data is not shared across institutions and borders due to privacy regulations and competitive concerns. Read more to understand how Duality enables financial institutions to overcome this obstacle and stop fraud before it starts.

Related Content

Infographic: Trade Finance Fraud

Trade financing is an essential part of business trade and the international economy. When misused, via duplicate trade financing/trade financing fraud, the losses incurred can reach billions.

Blog: Can Standardization Help Tackle Trade Finance Fraud?

Read more to understand why standards are important - and how lenders can leverage them, with new technology, to prevent and mitigate trade finance fraud.

Experience secure collaborative computing today.

Maximize the value of sensitive, regulated, or confidential data.

Experience secure collaborative computing today.

Maximize the value of sensitive, regulated, or confidential data.