The rise of non-bank trade finance has been especially noticeable in the last decade. Many commodity and e-commerce companies are rapidly entering this arena as sovereign guarantees and collaterals take a backseat making it harder for banks to apply traditional models while lending to businesses. Non-banks which are more nimble occupy space vacated by banks. Increasingly, though, banks have begun to collaborate with non-banks, particularly fintech companies for rapid processing of transactions. Besides, trade finance field is itself developing its own specialised areas such as commodity finance, power generation and financial services. Growth in each field depends on the extent of specialised knowledge, developments in capital markets, innovations by technological service providers permitting new collaborations and a dynamic regulatory framework including self-regulation for assessing and disclosing emerging risks.