Singapore and Hong Kong have emerged as the leading destinations for forex traders, ahead of other international financial centres, including London and New York.
The investment will support the bank’s growth in Vietnam and demonstrates the market’s prominence as an Asean trade hub, for local and multinational corporates alike.
The latest report by trade credit insurer, Allianz, paints a gloomy picture for global corporates, although Asia-based firms will fare comparatively better.
SC veteran, Samuel Mathew, has joined Contour as a board director, in Singapore. The network's CEO sees opportunities to grow and commercialise its trade finance solution amid China’s reopening.