Press releases & announcements

Financial technology solutions provider MonetaGo has selected Lloyd’s List Intelligence as a data partner to strengthen its real-time interruption of fraudulent trade financing attempts through the authentication of key trade documents.

MonetaGo is the world’s leading provider of best-in-class fraud detection and prevention solutions for trade finance. Its Secure Financing system is the first third-party service available through Swift API, accessible to 11,000+ institutions worldwide on the Swift network.

Secure Financing enables banks, non-bank financial institutions, fintechs and trade finance funds to verify documents such as invoices, bills of lading, warehouse receipts and purchase orders, before deciding to finance them. The solution hashes relevant information from documents to create a unique fingerprint, which is compared in MonetaGo’s global registry to identify if the same document has been used in a prior financing.

The system also provides financiers with an additional layer of security against potential fraud attempts by verifying documents against trusted data sources to identify falsification or tampering.

Under the new partnership, MonetaGo will incorporate Lloyd’s List Intelligence’s trade and maritime data in the Secure Financing system, to provide Bill of Lading verification, container location and loading, vessel tracking and container movements for the entire voyage, including actual ports of load and discharge, vessels involved and transhipment points on route to destination.

“Lloyd’s List Intelligence is the industry leader in providing actionable insight into the global maritime industry, including the most complete near-time maritime data covering almost 90% coverage of global bill of lading issuances,” says Chas McNee, Strategic Partnership Manager at Lloyd’s List Intelligence. “Integrating our analytics into MonetaGo’s Secure Financing system furthers our mission to drive commercial advantage, evaluate risk, and support the efficient and lawful movement of seaborne trade.”

Financiers can now leverage Lloyd’s List Intelligence vessel information to authenticate and verify the underlying information when reviewing trade documents within the Secure Financing system, thereby mitigating the risk of forged documents being presented for financing.

“Working hand in hand with partners worldwide, we have made tremendous progress in the fight against trade finance fraud,” says Neil Shonhard, CEO of MonetaGo. “In collaboration with Lloyd’s List Intelligence, we are now further strengthening financiers’ visibility into the validity of transaction data submitted by borrowers, delivering on our goal of ensuring bad actors have nowhere to hide.”

Lloyd’s List Intelligence have partnered with Dow Jones to bring fast and efficient dual use goods screening to its Seasearcher customers.

Export Control data from Dow Jones is now integrated with Seasearcher, allowing users to search across a number of lists all in one place to expose dual use goods risk, investigate export restrictions and bring to light potential links to financial crime.

Dual Use Goods screening data is delivered as an enhancement to the Seasearcher platform and will soon be made available via API.

In an increasingly pressurised market, professionals in maritime trade finance and other shipping sectors are under scrutiny to detect whether a shipment is carrying goods that have a potential dual use in armaments. They also need to check whether that shipment is licenced under regional or national regulations. Any possible connection to money laundering is another key concern.

Seasearcher Dual Use Goods will enable maritime compliance professionals to overcome these challenges. Its industry-wide benefits include:

• A centralised view, saving compliance teams time when consulting multiple sources to detect dual use goods risk.
• Verification of shipment descriptions as an addition to vessel screening workflows, enabling greater efficiency and transparency.
• Elimination of inconsistent terminology within trade documentation.

Leading private equity firm Montagu has announced an agreement to acquire Maritime Intelligence, commonly known as Lloyd’s List Intelligence, from Informa plc.

Lloyd’s List Intelligence is a leading provider of maritime data, insight and intelligence, widely used across the shipping ecosystem, extending to the finance, legal, academic, insurance and government sectors. Its market-leading products provide reliable, high-quality data and actionable analytics, which help professionals make informed decisions on compliance, risk management and operations.

The business consists of maritime data and analytics, legal reference sources and insight services, including Lloyd’s List, the industry-leading source for global shipping news, analysis and insight with origins stretching back to 1734, and Insurance Day.

Maritime Intelligence chief executive, Michael Dell, said: “We are delighted to join Montagu and the suite of knowledge-led and tech-enabled businesses in their portfolio.

“Partnering with Montagu supports our continued delivery of innovative maritime analytics for customers and we are confident of a bright and prosperous future under their leadership.”

Montagu director Edward Shuckburgh added: “Maritime Intelligence is a unique business with a historic legacy and reputation hard-won over hundreds of years. It is complementary to our portfolio of data and analytics investee companies with strong current growth and revenue acceleration potential. We are pleased to welcome the business to the Montagu family.”

The Montagu portfolio includes global aerospace and defence information service, Janes.

Following the launch of vessel risk ratings that help trade finance and compliance professionals evaluate operational risk more easily, Lloyd’s List Intelligence are pleased to announce their partnership to provide this data on the Traydstream platform.

To further support trade compliance needs, clients can now access Lloyd’s List Intelligence vessel information when reviewing trade documents for Letters of Credit, Collections and Open Account transactions from within the Traydstream platform.

The expanded data provides vessel risk indicators and invaluable Bill of Lading tracking for the whole voyage, including transshipment information. This is sourced from Lloyd’s List Intelligence quality assessed vessel characteristics, ownership and real-time tracking data.

Traydstream’s OCR engine extracts all the necessary data points to provide a fully automated document checking service as part of an integrated compliance review process.

“Traydstream platform efficiency and Lloyd’s List Intelligence’s vessel and voyage analytics enable better decision making and reduce the costs, complexities and risk of trade,” said Uzair Bawany, Chief Commercial Officer at Traydstream. “Our mission has always been to focus on the pain points that document checkers face, by ensuring that they have the right information, at the right time.”

Lloyd’s List Intelligence, part of Informa, has been at the heart of the industry for over 300 years, providing the intelligence, data and expertise that support the shipping market and keep global trade moving efficiently.

“Working with select partners like Traydstream enables us to further support customers with managing their day-to-day work more efficiently. Combining our vessel and voyage risk analytics and maritime data expertise with Traydstream’s platform furthers our continuous mission to innovate and support ever-evolving market needs,” noted Thomas Richmond, Strategic Partnerships Manager at Lloyd’s List Intelligence.

OrbitMI, Inc., a global provider of maritime SaaS software, today announced its partnership with Lloyd’s List Intelligence, the trusted expert partner providing actionable insight into the global maritime industry for 300 years. OrbitMI has partnered with the company, which is part of Informa PLC, as an additional provider of both vessel characteristics as well as company and ownership data for tankers.

The data will be integrated and visualized throughout Orbit, the company’s suite of integrated maritime solutions. Orbit is explicitly designed in its product architecture with an integration layer to pull in multiple systems and data feeds into one unified interface, allowing the company to respond to customer demands.

2050 compared with a 2008 baseline. Given the historically and financially assumed 20-year lifespan of vessels, the maritime sector must ensure that zero-emission vessels are operating on a commercial scale on deep-sea trade routes by 2030, opening the way for a large-scale deployment in the 2030s and 2040s. 

“At OrbitMI, we’re looking to collaborate and build partnerships with like-minded, world-class, customer-centric companies like Lloyd’s List Intelligence who allow us to deliver a technology solution that fits our customers’ workflow,” said Ali Riaz, Chairman and CEO of OrbitMI. “Lloyd’s List Intelligence is one of the most respected and influential brands in maritime and have a shared vision of transparency and sharing within our industry.”

The unparalleled real-time data from Lloyd’s List Intelligence will allow OrbitMI to offer its customers with insights that empower them to make better decisions, and ultimately move their business forward.

“Being data-driven used to be an aspiration,” added Riaz. “Now, it’s imperative.”

Following on the heels of a record-setting webinar in June of last year on maritime intelligence, the two organizations continued to expand their partnership with research and successful lead generation programs. The ongoing discussions throughout 2020 have all led to today’s announcement.

“OrbitMI is both nimble and innovative,” said Michael Dell, President, Lloyd’s List Intelligence. “We have spent the last year working closely with OrbitMI and building this partnership. We are happy to be part of a solution that is driving the transparency and the ever-evolving transformation of the maritime industry."

About OrbitMI

OrbitMI is a software company headquartered in New York City with offices in Sweden, Norway Serbia and Greece, supported by our global partners, whose purpose is to unlock the value in the data the maritime sector generates. By transforming raw data into actionable insights and predictive intelligence, OrbitMI helps maritime become more efficient, profitable, and sustainable.