HONG KONG SAR – Media OutReach Newswire – 11 July 2025 –In the era of global economic integration, small and medium-sized enterprises (SMEs) face both unprecedented challenges and exciting new opportunities. XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is empowering over 700,000 SMEs across more than 200 countries with innovative financial solutions. The company’s relentless pursuit of technological advancement, especially in artificial intelligence (AI), is redefining the standards of risk control and digital transformation in the foreign trade finance industry.
XTransfer supports global SMEs with secure and seamless cross-border payments.
TradePilot: The First Large Language Model in Foreign Trade Finance At the core of XTransfer’s innovation is TradePilot, the first large language model (LLM) tailored for the global foreign trade financial sector. Starting development in 2023, TradePilot was designed to leverage cutting-edge AI technologies, such as multimodal information extraction, long-context processing, and AI agents, to address the unique complexities of B2B international trade.
TradePilot’s journey has been marked by rapid iteration and real-world validation. In June 2024, two versions of TradePilot outperformed both domestic and international LLMs, including GPT-4, in a professional knowledge assessment, winning first place. This achievement highlights not only XTransfer’s technical prowess but also the rising maturity of China’s AI ecosystem in mission-critical financial applications.
Enhancing Risk Control and Anti-Money Laundering One of the most significant applications of AI at XTransfer is in risk management, particularly anti-money laundering (AML) controls. B2B cross-border trade introduces data challenges, transactions are often fragmented, unstandardized, and partially offline, making it hard to monitor and assess risks. Traditional banks, reliant on manual AML checks, have struggled to efficiently serve SMEs due to high costs and operational inefficiencies.
XTransfer’s solution is a data-driven, automated AML risk control infrastructure, powered by TradePilot. By transforming unstructured business and transaction data into structured, analyzable formats, TradePilot enables precise risk prediction and real-time anomaly detection. For example, the system can flag suspicious export patterns that deviate from a country’s industrial profile or automatically match buyer and seller information across various documents, such as proforma invoices and logistics papers, enhancing both compliance and operational efficiency.
The results speak for themselves: what once required laborious manual intervention can now be handled at scale, allowing banks and financial institutions to serve SMEs with the same rigour and security as multinational corporations. This boosts financial inclusion and levels the playing field for smaller businesses in global trade.
Intelligent Customer Service and Digital Empowerment Beyond risk control, AI infuses every side of XTransfer’s product ecosystem. The company’s intelligent customer relationship management (CRM) system leverages TradePilot for enhanced semantic understanding, emotion recognition, and effective response generation. Since integrating TradePilot, XTransfer’s AI-driven customer service resolution rate has soared from 13% to over 84%, dramatically improving user satisfaction and operational scale.
XTransfer’s CRM also features AI-powered tools such as multilingual letter writing, instant website building, and the pioneering “AI Employee” service. These innovations help SMEs with limited technical or language resources to efficiently reach global buyers, manage operations, and establish an online presence, in as little as 30 seconds. Over 10,000 foreign trade businesses have already benefited from these services, lowering the barriers to digital adoption and accelerating their international growth.
Commitment to Data Security and Future Outlook XTransfer’s technological architecture is built on robust, distributed computing principles, ensuring high performance and reliability. The company adheres strictly to international and regional laws regarding data privacy, employing encryption, access controls, and audit mechanisms to safeguard user data.
Looking forward, XTransfer aims further to promote the adoption of its AI-powered TradePilot model, thereby accelerating the digital transformation of the B2B foreign trade finance sector. Weitong Li, Senior Technology Director of XTransfer, emphasises that the successful deployment of TradePilot is both a testament to XTransfer’s innovation and a catalyst for smarter, safer, and more accessible global trade.
As foreign trade becomes increasingly intelligent and data-driven, XTransfer stands at the forefront, empowering SMEs to explore broader markets and seize new opportunities in the evolving global economy.
The issuer is solely responsible for the content of this announcement.
About XTransfer
XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. With more than 700,000 enterprise clients, XTransfer has become the industry No.1 in China.
By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.
XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.
The government said the new Private Parking Code of Practice “aims to create a fairer, more transparent private parking system”.
The British Parking Association, one of two trade associations that oversees the industry, has said it will work closely with the government throughout the consultation.
Local growth minister and Nottingham North and Kimberley MP Alex Norris said: “From shopping on your local high street to visiting a loved one in hospital, parking is part of everyday life. But too many people are being unfairly penalised.
“That’s why our code will tackle misleading tactics and confusing processes, bringing vital oversight and transparency to raise standards across the board.”
However, it was withdrawn following legal challenges launched by several parking firms.
This meant the private parking sector has been left to regulate itself, through two accredited trade associations called the British Parking Association (BPA) and International Parking Community (IPC).
Derby North MP calls Excel Parking fine a “five-minute rip-off charge”
Car park operators, which are members of these associations, can obtain drivers’ names and addresses from the Driver and Vehicle Licensing Agency (DVLA) and issue parking charge notices (PCNs) for allegedly breaching terms and conditions.
The government said its new measures would prevent charges caused by issues such as payment machine errors, accidental typos, or poor mobile signal.
However, the AA believes the government’s proposals do not go far enough.
Jack Cousens, head of roads policy, said: “This long-awaited consultation will not please drivers and suggests that government is bending the knee to the private parking industry.”
His concerns include a £100 cap on parking charges, which is higher than the £50 previously proposed.
“We urge all drivers to complete the consultation and submit their views and experiences when dealing with private parking firms,” he said.
Hannah Robinson
Hannah Robinson was asked to pay £11,390 because poor mobile signal meant she took too long to pay
They paid the DVLA for 12.8 million keeper details in the last financial year, which is a 673% increase since 2012.
“While this partly reflects more parking spaces, the current system lacks independent oversight and sufficient transparency,” the Ministry of Housing, Communities and Local Government said.
“At present, operators can avoid sanctions for poor practice, leaving motorists vulnerable to unfair or incorrect charges. The new compliance framework will ensure accountability.”
Under the proposals, operators that breach the code may stop being able to get drivers’ details from the DVLA.
Drivers have been sent £100 PCNs for not entering their registration numbers in full
The BPA said it would work closely with the government throughout the consultation, but said the new code must allow for “proper enforcement”.
“Without proper enforcement, parking quickly becomes a free-for-all, with some people taking advantage at the expense of others,” it said in a statement.
“When spaces are misused, it’s often at the expense of those who need them most, such as disabled people, parents with young children and local residents.
“We believe parking systems must strike a balance: they should deter selfish and anti-social behaviour, but they must also be fair, proportionate, and transparent.”
The National Trust has announced plans to cut 6% of its current workforce, about 550 jobs, partly blaming an inflated pay bill and tax rises introduced by Chancellor Rachel Reeves.
The heritage and conservation charity said it was under “sustained cost pressures beyond our control”.
These include the increase in National Insurance contributions by employers and the National Living Wage rise from April, which the National Trust said had driven up wage costs by more than £10m a year.
The cost-cutting measures are part of a plan to find £26m worth of savings.
“Although demand and support for our work are growing with yearly increases in visitors and donations; increasing costs are outstripping this growth,” the charity said in a statement.
“Pay is the biggest part of our costs, and the recent employer’s National Insurance increase and National Living Wage rise added more than £10m to our annual wage bill.”
A 45-day consultation period with staff began on Thursday and the Trust – which currently has about 9,500 employees – said it was working with the Prospect union “to minimise compulsory redundancies”.
Prospect said though cost pressures were partly to blame, “management decisions” also contributed to the Trust’s financial woes.
The union’s deputy general secretary, Steve Thomas, said “once again it is our member who will have to pay the price”.
“Our members are custodians of the country’s cultural, historic and natural heritage – cuts of this scale risk losing institutional knowledge and skills which are vital to that mission,” he said.
The Trust is running a voluntary redundancy scheme, and is expecting that to significantly reduce compulsory redundancies, a spokeswoman said.
The job cuts will affect all staff from management down, and everyone whose job is at risk will be offered a suitable alternative where available, the spokeswoman added.
Following consultations, which will finish in mid-to-late August, the cuts will be made in the autumn.
Chancellor Rachel Reeves announced the rise in National Insurance contributions by employers in last October’s Budget.
As enterprises worldwide race to adopt AI, GPTBots.ai made its mark at The MarTech Summit Hong Kong, Asia’s premier marketing technology conference attended by world-renowned brands such as JPMorgan, Yahoo, Nike, and DBS, alongside leading Hong Kong enterprises including Cathay Pacific, Hong Kong Disneyland, and The Hong Kong Jockey Club.
With 85% of enterprises prioritizing AI adoption in 2024 (Gartner), yet struggling with implementation gaps, GPTBots.ai demonstrated how its no-code AI Agent platform turns complex AI concepts into deployable solutions—without coding or data science teams.
Spotlight: Real-World AI in Action At the summit, GPTBots.ai engaged with forward-thinking organizations, including: A Top Hong Kong University: Their admissions team explored AI-powered chatbots to streamline student inquiries and application processes, aiming to:
Automate 80% of FAQs (e.g., program requirements, deadlines).
Guide applicants through form-filling with smart error detection.
Free staff to focus on students’ in-depth support.
A Leading Hong Kong Airline: Their tech team discussed internal efficiency AI Agents for:
AI search to make enterprise knowledge instantly accessible and empower every role.
Reducing IT helpdesk tickets by 50% via self-service troubleshooting.
Why GPTBots.ai Stood Out
Enterprise-Ready: Built to adapt to your business, no matter the size or complexity.
Proven at Scale: Powers AI Agents for financial services, healthcare, and retail giants.
End-to-End Capabilities: From strategy to deployment, we manage every step of your AI journey.
“The gap isn’t AI potential—it’s practical adoption,” said Tanya Quan, Marketing Director at GPTBots.ai. “We’re helping enterprises skip the lab and go straight to ROI.”
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