Contour selects Mphasis to expand open trade finance network

Contour, which is building an open trade finance network, has selected Mphasis to accelerate the adoption and extend the reach of the Contour network by banks, enterprises and partners worldwide.
Mphasis business solutionsContour has the backing of strategic investors such as HSBC, BNPP, Bangkok Bank and Standard Chartered.

Mphasis will leverage its Front2Back Transformation approach and its IT and operations capabilities to accelerate the implementation and usage of the Contour network across the global community of banks, corporates, and ecosystem partners.

“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,” said Carl Wegner, CEO of Contour.

“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 to catalyze and accelerate their own digital transformation,” said Srikumar Ramanathan, SVP & Global head – Industry Solutions Group, Mphasis.