May 19, 2020

Vodafone and Netflix join forces to launch Australian TV service

National broadband network
Vodafone
netflix
Addie Thomes
2 min
Vodafone and Netflix join forces to launch Australian TV service

Streaming giant Netflix and Vodafone have collaborated to form a new Vodafone TV service in what is the telco’s first ever streaming device.

The service can be bolted onto various packages and is powered by Android – users will be able to stream the likes of Netflix and purchases from Google Play through devices such as smartphones and Chromecast on TVs.

Ben McIntosh, Vodafone’s Consumer Business Unit Director, commented: “Our vision is to help our customers make the most of their broadband budget by partnering with the world’s best providers and offering a fast and easy connection process.”

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Netflix is enormously popular in Australia, with the average consumer watching more than two hours a day.

“We’re not going to maintain the status quo by buying up content rights and building walls around it,” McIntosh added. “We don’t think it’s fair that Australians are being locked out of access to content they want to watch.”

The partnership with Netflix comes as it prepares to launch National Broadband Network (NBN) services in Brisbane, Gold Coast, Adelaide, Perth and Tasmania during April.

Vodafone is targeting consumers who stream the likes of Netflix with its NBN offerings, which range from $59 to $99 a month depending on the speed they opt for.

The telco has also been busy in New Zealand, this week unveiling its 5G vision with Nokia at an event in Auckland.  

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May 3, 2021

DBS Bank expands digital trade finance on Contour platform

DBS
Contour
DigitalTransformation
Finance
Kate Birch
2 min
DBS Bank and Contour extend digital trade finance offerings to four key APAC markets for corporate customers – boosting resilience and efficiency
DBS Bank and Contour extend digital trade finance offerings to four key APAC markets for corporate customers – boosting resilience and efficiency...

DBS Bank has boosted its digitalisation extending its offerings on trade finance network Contour to corporate customers in four key Asia-Pacific markets – Australia, China, Hong Kong and Singapore.

Singapore-based DBS was the first bank to sign up to Contour’s beta network and completed the first fully digital Letter of Credit (LC) transaction on Contour last year. The bank has moved to Contour’s production network to offer streamlined digital LC transactions for customers, to help digitise global trade. 

Contour’s network focuses on digitising paper-based trade finance processes which can be expensive and time-consuming.

APAC is seen as a key region for digitisation of trade finance as banks and corporates seek to mitigate risk and enhance cost efficiency, including moving away from traditional paper-based LC processes.

Via Contour, which is also based in Singapore, DBS will be able to provide a fully digital end-to-end LC settlement process for customers in Australia, China, Hong Kong and Singapore, including the transfer of electronic trade and title documents – increasing efficiency in the process by up to 90%.

Digitised trade finance builds resilient ecosystem

“Our partnership with Contour aligns with DBS’ ongoing efforts to drive greater efficiencies in trade and unlock strategic value for our corporate customers,” said Sriram Muthukrishnan, Group Head of Trade Product Management, DBS Bank.

“We recognise that digitisation is a powerful enabler to simplify the highly complex nature of trade finance, especially for processes relating to letters of credit. Digitising trade processes is also an increasingly relevant and heightened priority for corporates to survive and thrive in the new normal and will form an integral component for resilient trade ecosystems of the future.”

Contour’s decentralised network increases security as it validates all identities and leverages technology partners to match trade documents to real-time data. Contour also offers a sustainable way for companies to reduce their carbon footprint.

“The addition of another major Asian bank to our production network highlights Contour’s growing presence in APAC as an industry standard for digitising trade finance documentation,” said Carl Wegner, CEO at Contour. 

“DBS has been an important partner for Contour in our work to support Singapore’s position as a key trading hub and has already participated in a number of successful transactions on our network. We’re delighted to facilitate its transition to offering live services to customers in these four markets. This is another important step on our journey to becoming the new digital end-to-end infrastructure for global trade.”

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