Contour, a blockchain trade finance network, partners with Mphasis
By Edil Corneille
Singapore-based blockchain network Contour announced today a partnership with Indian Information Technology (IT) solutions provider Mphasis, a company specialising in cloud and cognitive services, to accelerate the scaled adoption and extend the reach of the Contour network by banks, enterprises, and partners worldwide. With the backing of strategic investors such as HSBC, BNPP, Bangkok Bank, and Standard Chartered, Contour is on a mission to revolutionise global trade and bring trust, transparency, collaboration, and agility to the trade finance industry.
Through this partnership, Mphasis will leverage its Front2Back Transformation approach and its portfolio of IT and operations capabilities to help accelerate the implementation and usage of the Contour network across the global community of banks, corporates, and ecosystem partners.
“As our business continues to grow following its launch at the start of October, we are constantly looking to expand our network with technology that enhances trade processes and overcomes longstanding obstacles that the traditionally paper-based industry has been subject to. Our vision to create a global standard for trade will be achieved through our work with other technology providers that build upon the interoperability of our network and streamlines processes. With Mphasis’s global footprint and expertise in financial services, our work together will ensure that organisations can reap the benefit of improved trade,” said Carl Wegner, CEO, Contour.
“We are inspired by Contour’s vision and excited to be a partner in their growth journey. With over two decades of experience at the forefront of banking, payments, and technology, Mphasis is in a unique position to help Contour’s banking and enterprise network members – many of which are our clients as well – embrace the power of the network to catalyze and accelerate their own digital transformation,” said Srikumar Ramanathan, SVP & Global head – Industry Solutions Group, Mphasis.
“Contour provides a network foundation that is critical for the scaled re-invention of what has been a centuries-old industry,” said Andres Ricaurte, SVP & Global Head – Payments, Mphasis. “Through this partnership, we will help banks, enterprises, and ecosystem partners find new and transformative ways to transact with one another and capitalize on the vision of digital and connected global trade.”
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