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XTransfer Recognised for Best In-house Use of AI in Fraud and Financial Crime Detection in Regulation Asia Awards
XTransfer's TradePilot, an AI-driven solution serving over 700,000 SMEs, was Highly Commended for enhancing fraud detection and compliance in foreign trade finance.
- On Nov. 19, 2025, XTransfer was recognised as Highly Commended in the Best In-house Use of AI in Fraud and Financial Crime Detection at the 8th Regulation Asia Awards for Excellence 2025, announced in a Singapore press release.
- Facing limitations of off-the-shelf tools, XTransfer built TradePilot in-house as a Large Language Model tailored to B2B cross-border trade’s fragmented data and unique risks.
- Technical improvements cut memory use and raised training efficiency as XTransfer's technical team reported a 9.75% increase in distributed training efficiency and a 27% reduction in memory consumption for long‑text training.
- SMEs stand to gain automated compliance and lower AML costs as TradePilot is deployed globally, leveraging a proprietary dataset from over 700,000 SMEs to meet diverse regulatory requirements.
- Judges praised XTransfer's custom application of an LLM as the only B2B cross-border payment company to win this year’s Regulation Asia Awards category recognising AI fraud prevention.
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Leaning Left5Leaning Right4Center21Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 17%
C 70%
13%
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