Industry Scenario
The $1.6 Trillion Trade Finance Gap persists despite FinTech breakthroughs. According to an Asian Development Bank (ADB) Brief, Asia's share of the trade finance gap was 40% of the global total. In its fifth annual study, 2017 Trade Finance Gaps, Growth, and Jobs Survey, ADB quantifies market gaps for trade finance and explores their impact on growth and jobs through a survey of over 515 banks and 1,336 firms from 103 countries.
Source: Global Trade Finance Gap Reaches $1.6 Trillion, SMEs Hardest Hit – ADB