Contour is honoured to win the Award for Digital Innovation at the inaugural GTR Saudi Arabia 2023 Awards. This award recognises the impact of Contour’s innovative digital trade finance solution in helping banks and corporates in the Kingdom streamline and simplify complex processes.
Contour has made significant progress in Saudi Arabia, having executed the first blockchain-based transaction in the Middle East’s automotive sector in September 2022, and having welcomed Al Rajhi Bank, the world’s largest Islamic bank, to its network in November 2022.
Today, Contour serves 20 of the world’s leading trade banks and over 130 corporates across 51 countries and continues to collaborate with industry partners to expand its digital trade finance network. This year, Contour announced its strategic partnerships with Surecomp and TradeGo as part of a collaborative vision to drive the digital transformation of trade finance.
Carl Wegner, CEO at Contour, comments: “We are thrilled to be recognised for Digital Innovation at the first-ever GTR Saudi Arabia 2023 Awards. This win reflects Contour’s success in digitally transforming the KSA’s trade finance industry using innovative technology. Together with our banks and corporates, we look forward to advancing the adoption of digitalisation and strengthening the Kingdom’s position as a technology-driven trade hub.”