GTR Issue 2 2026

Trade finance is no stranger to grand promises. Over the past decade, the industry has been told that digital platforms would transform trade, that new sources of capital would unlock vast additional financing capacity, and that technology would remove many of the frictions that have characterised the market for generations. Yet, as the stories in this issue illustrate, progress is rarely straightforward. Many of the themes explored in Issue 2 sit at the intersection of innovation and reality. The direction of travel is clear, but the pace of change remains a matter of debate.