Marco Polo Network is amongst one of the ventures recognized and commended for their contribution to the trade sector at the International TFG Trade Awards 2020, in cooperation with BAFT.

Marco Polo Network has been awarded “Best Tradetech Venture” by Trade Finance Global (TFG).

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 digitalization 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.”

“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,” said Tod Burwell, President & CEO, BAFT. “We congratulate the organizations being recognized for their leadership, and commend TFG for showcasing these institutions.”

Robert Barnes, Chief Executive Officer at Marco Polo Network said: 
Thank you to Trade Finance Global and BAFT for the 2020 award for ‘Best TradeTech’ Venture. It is truly humbling to be recognised by highly respected peers within the trade finance community. Our journey to innovate and transform antiquated processes and siloed systems that have been in use for hundreds of years and build a new trade ecosystem is of great complexity and difficulty. This award is definitely a strong vote of confidence in our capability to deliver enormous value to you and your community. Thank you for the recognition.”.

For more information on the Awards and interviews with the winners, please visit: https://www.tradefinanceglobal.com/international-trade-awards-2020/#ttc.

ABOUT TRADE FINANCE GLOBAL

Trade Finance Global (TFG) is the leading trade finance platform. We assist companies to access trade and receivables finance facilities through our relationships with 270+ banks, funds and alternative finance houses.

Our award winning educational resources serve an audience of 120k+ monthly readers in print & digital formats across 187 countries, covering insights, guides, research, magazines, podcasts and video. www.tradefinanceglobal.com

ABOUT BAFT

BAFT, the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages on a wide range of topics affecting transaction banking, including trade finance, payments, and compliance. The association’s website is www.baft.org