Solutions for Faster, Smarter Trade Finance
Unlocking opportunities with streamlined, digitised workflows
Letter of Credit
Letters of Credit (LCs) are among the most important instruments in international trade as they enable importers and exporters to transact with confidence. Digitisation streamlines this process, bringing speed, efficiency and security to this paper-heavy and complex process.
Learn more about Letters of Credit below.
How It Works
Digitised Letters of Credit
Contour transforms the Letter of Credit process by managing the entire end-to-end process in a collaborative workflow, giving buyers and sellers instant access and real-time visibility of the transaction, all on one connected platform.
Our journey has just begun by transforming Letters of Credit and we'll soon expand into other areas of trade finance.
Key Benefits
Contour's decentralised platform is designed in collaboration with the trade ecosystem.
The result is a solution that is seamless, fast and secure.
Cost Savings
Cost Savings
With real-time status updates on transactions, Contour enables businesses to optimise efficiency, free-up cash flow and make more informed business decisions.
Cost Savings
Optimise efficiency, increase working capital
With real-time status updates on transactions, Contour enables businesses to optimise efficiency, free-up cash flow and make more informed business decisions.
Fast and Efficient
Fast and Efficient
Contour reduces the LC presentation time by up to 90%, from 10 days to under 24 hours.
In addition, our fully digitised end-to-end process from all leading eBL providers cuts transaction times and boosts efficiency.
Fast and Efficient
90% process acceleration, improved data quality
Contour reduces the LC presentation time by up to 90%, from 10 days to under 24 hours.
In addition, our fully digitised end-to-end process from all leading eBL providers cuts transaction times and boosts efficiency.
Private and Secure
Own your data, protect your network
Private and Secure
Utilising a decentralised blockchain network ensures privacy as every participant in the network has separate databases only accessible by them. No one single party has control of all the data. There is also no public ledger of any activity on the network.
Private and Secure
Own your data, protect your network
Utilising a decentralised blockchain network ensures privacy as every participant in the network has separate databases only accessible by them.
No one single party has control of all the data. There is also no public ledger of any activity on the network.
Interoperable
Seamless API integration with leading trade finance platforms
Interoperable
As banks are currently using our APIs to connect to their back-office systems, we are constantly improving our API coverage to include corporates, eBL providers, other trade finance solutions and more.
Interoperable
Seamless API integration with leading trade finance platforms
As banks are currently using our APIs to connect to their back-office systems, we are constantly improving our API coverage to include corporates, eBL providers, other trade finance solutions and more.
Working Sustainably
Working Sustainably
With digitisation, Contour helps reduce your carbon footprint by cutting paper usage and eliminating the need for couriers.
Business continuity is also ensured in times of crises.
Working Sustainably
Enabling paperless trade
With digitisation, Contour helps reduce your carbon footprint by cutting paper usage and eliminating the need for couriers.
Business continuity is also ensured in times of crises.
Fraud Prevention
Fraud Prevention
Every Contour member has an immutable audit log for every transaction. We also validate identities to ascertain permission of access and tap on partners to track trade documents to real-time data.
Fraud Prevention
Trade with confidence
Every Contour member has an immutable audit log for every transaction. We also validate identities to ascertain permission of access and tap on partners to track trade documents to real-time data.
