XTransfer, World’s Leading B2B Cross-Border Trade Payment Platform, Founder and CEO, Bill Deng was invited to attend the TradeTech Forum 2024 in Abu Dhabi. The forum, jointly organized by the UAE Ministry of Economy, the Abu Dhabi Department of Economic Development (ADDED), and the World Economic Forum (WEF), is a premier event in the global trade technology field, bringing together more than 150 of the most important trade leaders and experts worldwide.
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Bill Deng, the Founder and CEO of XTransfer (Second from left) Source: TradeTech Forum 2024
According to the report released jointly by the WEF, the UAE Ministry of Economy, and the ADDED, SMEs in developing countries urgently need to benefit equally from trade tech innovation. “This is what our business focuses on. During the last 7 years, XTransfer provided more than 400,000 SMEs with the same level of cross-border financial services as large multinational corporations,” said Bill at the Plenary panel.
“With the help of AI, we leverage our AI anti-money laundering (AML) risk control infrastructure to help banks reduce the amount of manual AML checking required. This results in an improved customer experience, a more streamlined process and a reduction in the cost of cross-border trade payments,” Bill added.
“Technology innovations do not only happen in the payment field but all over the world. Now, the B2B trade field lacks an intelligent integrated platform to consolidate data and information relating to trade flow, logistics, and fund flow. We hope to cooperate with regulatory, banking and industry partners in various countries to build a large-scale integrated platform to enhance the global trade ecosystem,” Bill stated.
Additionally, based on customer needs, XTransfer consistently provides more convenient and secure products and services. The global version of the XTransfer mobile App is set to be officially launched in March, empowering businesses in more than 200 countries/regions and facilitating global payments in up to 15 currencies. The App offers greater convenience compared to the desktop website version, allowing customers to exchange currencies online anytime and anywhere.
About XTransfer:
Founded in 2017, XTransfer, World’s Leading & China’s No.1 B2B Trade Payment Platform with more than 400,000 enterprise clients. We are dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions.
For more information: https://www.xtransfer.com/
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