More than 2,000 institutions participated in the 2026 Euromoney Financial Institutions Survey, including 139 non-bank financial institutions (NBFIs) that completed the trade finance pathway.
The survey was conducted between 26 January and 5 April 2026 and asked respondents to share their priorities, outlook, primary cash management providers, and assessments of those providers across product capabilities, technology, and client service. The results informed a global ranking, given the sample of the study.
The distribution / use / publication of MarketMaps or rankings requires the express permission of Euromoney – please contact Arun Ghudial for additional information. For any queries on methodology, data packages or bespoke benchmarking reports – please contact Ana Voicila.
Additional results from other streams of this survey will be published in the upcoming weeks.
Top ranked trade finance providers for non-banking financial institutions
The leading trade finance providers for NBFIs are differentiated by a mix of execution quality, digital capability, balance-sheet strength and specialist support for complex cross-border requirements.
Bank of America’s top position reflects strong day-to-day servicing, responsive issue resolution and user-friendly technology, while Crédit Agricole CIB stands out for guarantees, standby LCs, credit capacity and complex structuring. JPMorgan is associated with technology, global payment access and service execution. Deutsche Bank is positioned at the sophisticated end of the market, particularly in trade asset distribution, sanctions-sensitive corridors, large exposures and capital-intensive transactions. Its focus on distribution and tokenisation reflects the changing capital dynamics of trade finance. HSBC combines global reach, structured trade solutions and digital execution, with HSBC Trade Solutions and TradePay supporting integrated workflows, although clients still identify some issues around internal coordination, KYC and service consistency. Citi’s strength lies in data visibility, execution speed and integration across payments, FX, treasury and securities services, with AI-enabled supplier analysis, digital open-account processing and tokenisation pilots supporting its proposition. Standard Chartered is valued for emerging-market reach across Asia, Africa and the Middle East, alongside structured trade capability and sustainability-linked trade initiatives. BNP Paribas is strongest in Western Europe and the Middle East, with clients highlighting relationship management, back-office support and scalable execution.
This is the second year when the Financial Institutions Survey is running separately from other piece of client satisfaction research. The study covers both non-bank financial institutions (NBFIs) and banks, across three key cash management areas: payments, liquidity and trade finance. Trade finance pathway for NBFI respondents was introduced in 2026.
For the NBFI segment, participants included a diverse mix of respondents from:
- Asset manager
- Bank owned entities / captive NBFIs of banking groups
- Broker dealer / securities firm
- Development financial institution (DFI)
- Hedge funds
- Insurance
- Leasing / factoring institution
- Private equity company / financial sponsor
- Supply chain finance provider
These respondents shared detailed insights into their priorities, selection criteria and experience with providers. Each participant identified their top five providers and rated them on product offering, technology, and client service using a 1–10 scale (10 being highest). Responses are weighted by institution size to reflect market relevance.
Given the low sample size, only global rankings are being published for this pathway of the study.
Results are visualised in the Euromoney MarketMap, which categorises providers into three tiers:
- Leading, excelling across both service and solutions
- Outstanding, strong in one key area or for a specific client segment
- Distinguished, noted for quality across service or offering
Currently all Euromoney surveys are qualitative in nature, capturing client experience and satisfaction, rather than market share or transaction volumes.
This approach allows us to spotlight the providers that are truly delivering for financial institutions today – and shaping the future of institutional transaction banking activities.
Top ranked trade finance providers for NBFIs
Trade finance for NBFIs is emerging as a distinct growth market, shaped by digitisation, tokenisation and real-time working capital needs. Euromoney’s 2026 survey reveals where banks are best positioned to capture this opportunity.