The platform aims to digitalise global trade processes such as the creation, exchange, approval, and issuance of letters of credit (LCs). Other participant banks within the network include BNP Paribas, Bangkok Bank, ING, HSBC, Standard Chartered, and Citi Ventures.
The Singapore-based bank will be able to tap Contour's digital solutions to provide a digital end-to-end LC settlement process for its customers, including the transfer of electronic trade and title documents.
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