Tagged: contour

Digital Transformation: Japan’s MUFG Joins Contour’s Network to Streamline Global Trade

Contour, the digital trade finance network, announced that the Singapore office of MUFG Bank, which claims to be Japan’s premier bank is joining its growing digital network. MUFG has a global presence “spanning around 50 markets, while its parent Mitsubishi UFJ Financial Group (MUFG) is… Read More

Blockchain Adoption: Commerzbank Is Reportedly the First German Bank to Complete Live Transactions on Trade Finance Network Contour

Commerzbank is reportedly the first German bank to have completed a blockchain-based Letter of Credit (LC) transaction for its client, Ascentex Exim LLP, a Singapore-based textile trader, on Contour, a digital trade finance platform. The LC was issued for “a shipment of rubber threads from… Read More

Trade Finance Network Contour Partners Global Shipping Business Network to Offer All-Digital Trading, Financing, Shipping Solution

Online trade finance network Contour has teamed up with the Global Shipping Business Network (GSBN) in order to provide an all-digital solution for participants involved in trading, financing and shipping goods across the globe. As mentioned in the announcement: “Pandemic-induced lockdowns and the subsequent explosive… Read More

DBS Bank and Contour to Expand Digital Trade Offerings in Australia, China, Hong Kong, Singapore

DBS Bank and Contour have expanded their digital trade offerings to four new markets in the Asia-Pacific (APAC) region. As mentioned in a release, digital letter of credit capabilities will be offered in Australia, China, Hong Kong and Singapore starting this month. The announcement also… Read More

Blockchain Network Contour Completes Pilot Transaction in Vietnam

    Contour, a Singapore-based blockchain network, recently announced it a completed pilot transaction between Tainan Spinning and Century Synthetic Fiber Corporation. Contour reported CTBC Bank, a founder bank of Contour, was the advising bank in the LC transaction, supporting Tainan Spinning. The importer, Century… Read More

Standard Chartered Announces Investment in Blockchain-Based Open Industry Platform Contour

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced on Tuesday it has made an investment in Contour, a blockchain-based open industry platform that will initially focus on digitally creating, exchanging, approving and issuing Letters of Credit (LCs). … Read More

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