Trade finance digitisation to make the world go round
Chatsworth is working with the Contour team to define the next chapter for trade finance through digitisation.
Paper and process driven, the traditional methods of trade finance create significant barriers for global trade growth, adding complexity, cost, and delays to both banks and corporates.
A digitised world of global trade would drive trillions in new global trade flows and extend the benefits to smaller corporates as well as large.
Contour is powered by R3’s leading Corda technology and uses the power of decentralisation to provide common tools and resources to help banks and corporates build a global network for trade, without having access to any transactional data or being a single point of failure.
The first step is to digitise what is one of the oldest and most important trade finance tools – the letter of credit.
Carl, Aaron and the Contour team are building great links across the industry, delivering a next generation solution for an important area of global commerce.
We’re proud to be working with them to tell the Contour story.
Chatsworth was the first communications agency to focus on fintech. We’ve been building fintech reputations for 20 years, steering start-ups through launch, growth and onto corporate action, and protecting and enhancing established infrastructures.
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