AFTAs 2019: Best Collaboration Initiative—Tradeteq

The last decade has seen a widening of the trade finance gap, the discrepancy between the amount banks can provide and what corporates require to fill their funding needs. According to the Asian Development Bank, this gap currently stands at $1.5 trillion, about 8% of global trade, but is predicted to grow to $2.5 trillion by 2025. Tradeteq wins the AFTA for the best collaboration initiative for its work on the Trade Finance Distribution Initiative (TFD Initiative), launched during the year in