In the second episode of Future of Trade, Trade Finance Global and Standard Chartered explore why digital trade adoption continues to lag behind innovation.

TFG’s Mark Abrams speaks with Samuel Mathew, Managing Director and Global Head of Documentary Trade at Standard Chartered, on the difference between digitisation and true digitalisation, the interoperability challenges holding paperless trade back, and the role of legacy infrastructure.

The episode also examines the foundations needed for AI in trade finance, the growing relevance of digital assets and tokenisation, and why regulatory progress remains necessary but insufficient for digital trade to scale.

Alternative lenders - non-bank entities that provide financing outside traditional banking channels - are no longer peripheral to the trade finance ecosystem. Their increased presence reflects a structural failure: banks' declining ability to lend to small and medium-sized enterprises (SMEs).

As the environmental cost of global supply chains – responsible for over 60% of global yearly emissions – becomes impossible to ignore, the EU’s Carbon Border Adjustment (CBAM) is emerging as a central tool for aligning trade with climate objectives.

On January 1, 2026, CBAM will move from a reporting framework and become a real financial liability for importers: those who haven’t secured authorised CBAM declarant status will face penalties, higher costs, and operational disruption.

Trade Finance Global’s (TFG) Charles Osborne spoke with Adam Hearne, CEO and Co-founder of CarbonChain, about what this transition means in practice.