This category honors businesses that use AI to find and stop fraud and other financial crimes. The focus is on innovation, effectiveness, and flexibility.
XTransfer was recommended for TradePilot, its in-house, world’s first Large Language Model (LLM) specifically created for the foreign trade finance business, geared to the intricacies of B2B cross-border transactions.
TradePilot helps traditional banks deal with the problems they have when working with small and medium-sized businesses (SMEs), such as expensive human anti-money laundering (AML) costs, complicated B2B transaction data, and compliance regulations that apply to more than one country. By integrating modern AI technologies such as big data analytics, natural language processing, and graph algorithms, TradePilot delivers automated, intelligent risk identification and control throughout the whole cross-border payment process.
A judge on the Regulation Asia Awards panel commented, “We were impressed by XTransfer’s innovative use of a custom-built LLM to deal with the unique fraud and AML issues in B2B cross-border trade.” “The solution, TradePilot, leverages a unique, proprietary dataset to automate compliance for the SME sector, demonstrating XTransfer’s clear vision for making global trade safer and more accessible.”
“Because existing off-the-shelf solutions on the market can’t accurately address the unique risk scenarios in B2B cross-border trade, which are characterized by fragmented data and complex patterns, we chose to develop TradePilot in-house,” said Yanfang Liu, XTransfer Co-founder and CTO. “Leveraging data from serving over 700,000 SMEs, TradePilot delivers more precise, flexible, and cost-effective risk management services.”
“During development, our technical team made important progress, such as a 9.75% increase in the efficiency of distributed training through a self-developed hybrid communication engine and a 27% decrease in memory usage for long-text training. These improvements make sure that TradePilot can still process complicated foreign trade documents quickly and reliably,” Liu said.
After a successful debut in China, TradePilot is now being rolled out around the world and adapted to satisfy different regulatory needs. In October 2025, XTransfer introduced TradePilot 2.0, which made big improvements in processing multimodal data and retrieving vectorized data to better analyze transactions and handle trade-related paperwork. This made client authentication and order administration much faster and easier.
