Today we have announced the organizations recognized and commended for their contribution to the trade sector at the International TFG Trade Awards 2020, in cooperation with BAFT.

The global efforts of banks, financial institutions and technology vendors to enable trade has never been more important, particularly in light of the ongoing trade war and recent coronavirus outbreak, which has forced the industry to refocus on digitalisation and acknowledge the complexity of global supply chains. These challenges are compounded by increased competition, the focus on sustainability, and issues around anti-money laundering.

The winners were selected by an independent steering committee of industry experts from around the world.

Mark Abrams, Director at Trade Finance Global and a member of the Awards Steering Panel said: “A core aim of TFG is to help companies access information and education around trade finance. It is important to highlight those leading the way in trade and receivables finance, whether that be from the perspective of financiers, insurers, logistics, law firms or tradetechs.”

“Continuous innovation is needed from within the trade industry, to support businesses around the world, as they navigate the changing landscape of trade finance in uncertain times. We are delighted to be cooperating with BAFT on this industry initiative.”

Tod Burwell, President & CEO, BAFT said: “At a time when companies face significant challenges fulfilling cross-border trade, it is critical that banks are able to demonstrate leadership in providing financing and innovative solutions that evolve with the changing needs of their clients. e congratulate the organizations being recognized for their leadership, and commend TFG for showcasing these institutions.”

The winners for the International TFG Trade Awards 2020 were announced, as follows:

Global

Best Trade Financier – Standard Chartered

Best Receivables Financier – Banco Santander

Best Supply Chain Financier – Citi

Best Export Credit Agency – UK Export Finance

Best Multilateral Development Bank – Asian Development Bank

Regional

Best Trade Financier in Europe – BNP Paribas

Best Trade Financier in Asia – SMBC

Best Trade Financier in Australia Pacific – ANZ Bank

Best Trade Financier in North America-  Wells Fargo

Best Trade Financier in Latin America – BBVA

Specialist

Best Trade Finance Law Firm – Allen & Overy

Best Trade Credit Insurance Provider – Euler Hermes

Best Logistics Provider – Maersk

Sustainable Finance Award – ICC Banking Commission

Best Tradetech Company – Marco Polo Network

Innovator in Global Trade – Finastra

MENA Specific

Best Trade Financier in the Middle East and North Africa – First Abu Dhabi Bank

Best Trade Financier in Africa – Trade and Development Bank

Best Islamic Financier – International Islamic Trade Finance Corporation

MENA Fintech Innovator Award – komgo