SMBC joins Contour and Komgo as Covid-19 propels digital trade

in hive-116221 •  4 years ago 

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Sumitomo Mitsui Bank Corporation SMBC is stepping up its involvement in blockchain-based trade finance networks, joining Singapore-based Contour and Swiss platform Komgo.

The Japanese bank, which is already in the process of launching the Marco Polo trade digitalisation platform into the market, has signed a letter of intent to join Contour's Beta Network and scored a membership deal with Komgo.


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4 years ago by

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