Contour is delighted to win ‘Best DLT Platform for Trade Finance’ at Global Finance’s award ceremony for the World’s Best Trade Finance and Supply Chain Finance Providers 2023. This win is a testament of Contour’s leadership in digitally transforming the global trade industry by leveraging on distributed ledger technology (DLT).
The annual Global Finance Awards are backed by a 35-year history of editorial accuracy and integrity. The 2023 awards have just been announced, highlighting the outstanding contributions in the world’s best supply chain finance providers (bank and non-bank).
The Best DLT Platform for Trade Finance award highlights the progress Contour has made by introducing long overdue digitisation using decentralised technology. The fintech 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. Today, Contour has over 130 members, including 20 banks on its production network spanning over 50 countries.
Contour continues to collaborate with industry partners to expand its digital trade finance network. In October 2022, Contour announced a strategic collaboration with Finastra to integrate Finastra’s Fusion Trade Innovation software with Contour’s decentralised network. The integration connects banks’ internal Letter of Credit workflows to Contour’s global network of banks and corporates, increasing access to trade finance while enabling seamless and secure transactions.
Carl Wegner, CEO at Contour, comments: “This prestigious award is a recognition of Contour’s success in building a trade finance platform of the future. By leveraging the power of decentralised technology, specifically DLT, we are positioning ourselves at the forefront of the trade finance revolution.”