DBS was the first Singapore-based bank to join Contour’s beta network. It completed the first fully digital Letter of Credit (LC) transaction on the platform in 2020.
DBS will be expanding its offerings on Contour – a network for global trade – to its corporate clients across Australia, China, Hong Kong and Singapore from April onwards.
The move is made to further push the digitalisation of trade finance in the region’s major trade hubs, says the bank.
