Contour is delighted to win ‘House Awards – Service Providers (Asia Pacific)’ in the category of Digital Innovation (Southeast Asia) at the CorporateTreasurer Awards 2022. This win is a testament of Contour’s innovative trade finance solutions that are digitally transforming the global trade industry.
The annual CorporateTreasurer awards celebrate the ‘best of the best’ in the region this year and recognises outstanding contributions from treasurers, CFOs, banks, consultants, technology vendors and accounting firms in supporting the improvement of Asian treasury and finance.
The Digital Innovation award highlights the progress Contour has made by introducing long overdue digitisation in the trade finance industry using decentralised technology. Contour was formed in January 2020, as a global network of banks, corporates and trade partners working together to solve the longstanding inefficiencies in trade finance. Contour now has over 150 members and 18 banks in its network spanning across more than 50 countries.
Contour has also solidified its network by joining forces with 16 strategic partners – from electronic Bill of Lading (eBL) providers to system integrators, shipping and mining networks, and trade workflow providers. These global partnerships establish Contour as the ‘network of networks’, which gives corporate clients a seamless end-to-end experience from trade, finance, execution to delivery.
Carl Wegner, CEO at Contour, comments: “Trade finance is about managing risk and providing working capital. In digitising a typically complex and paper-based Letter of Credit process, Contour’s digital solution is building the trade finance platform of the future. This prestigious award is testament to our stellar growth over a short period of time, proving that the efficiencies from using our platform are greatly beneficial.”