XTransfer Makes Waves by Winning Recognition for AI Use in Fraud Detection

XTransfer's Pioneering AI Framework in Fraud Detection

In a remarkable recognition within the tech and financial sectors, XTransfer has been celebrated at the 8th Regulation Asia Awards for Excellence 2025. The platform earned a Highly Commended mention in the category of Best In-house Use of AI in Fraud and Financial Crime Detection, marking it as a leader in the application of artificial intelligence in this crucial sector.

Leading the Charge in B2B Payments

As the foremost B2B cross-border payment platform, XTransfer has continuously innovated to enhance security and compliance in the international trade landscape. At the awards ceremony held in Singapore, Clarence Sim, the Compliance Director of XTransfer, proudly accepted the accolade on behalf of the company, underscoring XTransfer's commitment to making global trade safer through innovative technology.

The award is a testament to the effectiveness of XTransfer's AI solution, TradePilot, a large language model specifically engineered to tackle the unique challenges faced by B2B cross-border transactions. This in-house development exemplifies how companies can leverage AI to enhance fraud detection and streamline compliance processes in a significantly fragmented landscape.

Innovating with TradePilot

TradePilot is not just another AI tool; it's a groundbreaking system developed from the ground up to address the complexities of the foreign trade finance industry. Traditional banking systems often struggle with the high costs of manual anti-money laundering (AML) processes and the intricacies of business-to-business transaction data. XTransfer's proprietary dataset and customized algorithms allow TradePilot to automate risk identification and management throughout the cross-border payment process effectively.

A judge from the Regulation Asia Awards panel extolled XTransfer's innovative approach, stating, “The application of TradePilot to B2B financial transactions demonstrates a clear vision for making global trade not just safer, but also more accessible.” This is especially important as SMEs struggle with compliance issues that larger corporations can navigate more easily.

Bridging Data Gaps

Yanfang Liu, the co-founder and CTO of XTransfer, emphasized the need for a tailor-made solution as pre-existing systems could not sufficiently address the unique risks inherent in B2B cross-border trade. With insights gained from working with over 700,000 SMEs, XTransfer has refined TradePilot to provide accurate, flexible, and affordable risk management solutions.

Highlights from the development phase include significant improvements, such as a 9.75% boost in training efficiency through their custom hybrid communication engine and a remarkable 27% reduction in memory consumption during long-text training. These enhancements not only improve the processing capabilities but also ensure that TradePilot remains efficient when dealing with the complexities of foreign trade documentation.

Global Deployment and Future Prospects

After successfully launching TradePilot in China, XTransfer is now gearing towards a broader global deployment, adapting the tool to meet varying regulatory standards across different regions. With the recent rollout of TradePilot 2.0 in October 2025, additional advancements in multimodal data processing and vectorized retrieval technology have placed XTransfer at the forefront of transaction analysis and trade documentation processes. These updates significantly bolster client authentication and enhance order management efficiency.

In conclusion, XTransfer is not just setting a benchmark for itself but also transforming how the financial industry approaches fraud detection through innovative applications of AI. With the growing challenges of cross-border transactions, maintaining a robust, intelligent fraud detection mechanism is essential for businesses hoping to thrive in a global economy. XTransfer's journey, propelled by its advanced solutions, firmly establishes it as a leader in safeguarding the future of international trade.