logo
XTransfer CEO Bill Deng Joins AI and Saas Panels at Web Summit Qatar 2025

XTransfer CEO Bill Deng Joins AI and Saas Panels at Web Summit Qatar 2025

Zawya03-03-2025
DOHA, QATAR - Media OutReach Newswire - 3 March 2025 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, had its Founder and CEO, Bill Deng, invited by Web Summit Qatar to participate as a panelist for two consecutive years. This globally renowned tech event, held in the Middle East, focused on the theme of "Innovation and AI". It welcomed over 25,000 attendees from 124 countries, featuring exhibitors such as Amazon, Microsoft, Meta, TikTok, and Huawei.
As a global leader in B2B cross-border digital payments and compliance solutions, XTransfer was honored to contribute to discussions alongside esteemed industry experts. Bill shared his insights on the panel of " Superapps & The Future of Digital Payments".
During this panel, he explored the evolution of digital wallets and payment ecosystems, particularly comparing China's fintech-led transformation to global trends. He highlighted how XTransfer's AI-powered compliance solutions and fintech-bank collaborations are shaping the cross-border payments industry, making them more efficient and accessible for SMEs worldwide.
Based on customers' needs, XTransfer launched its global App version last year, which allows customers to easily manage and allocate funds anytime, anywhere. It supports the registration and verification of business users from more than 200 countries and regions and enables them to send or receive money in 70+ currencies with high speed and low costs. Meanwhile, the App can ensure security and compliance without the risk of account freezes.
In the"Scaling SaaS in the AI Investment Boom" panel, Bill highlighted the importance of AI-driven financial technology in enhancing security, efficiency, and scalability for businesses. He emphasized that AI would be crucial for XTransfer's global expansion.
With innovative solutions like TradePilot, XTransfer's own developed AI-powered risk control infrastructure, XTransfer can easily replicate its business model in various regions. With this technology, XTransfer can assist banks in fraud detection and anti-money laundering (AML) compliance so that they can provide SMEs with cross-border financial services. Bill also noted a trend in China where companies often build their own SaaS platforms instead of relying on outsourced solutions. For instance, XTransfer has developed an in-house team, including algorithm engineers, to integrate AI into their systems and app, allowing them to offer SaaS services to their SME clients.
"We are honored to take part in Web Summit Qatar 2025, sharing our vision for the future of fintech and AI-driven financial infrastructure," said Bill Deng, CEO of XTransfer. "At XTransfer, we remain committed to empowering SMEs with seamless, secure, and cost-effective global payment solutions."
Hashtag: #XTransfer #WebSummitQatar #Crossborder #Payment #SMEs
https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn/
https://x.com/xtransferglobal
https://www.instagram.com/xtransfer.global/
The issuer is solely responsible for the content of this announcement.
XTransfer
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AWS announces general availability of Amazon Elastic VMware Service
AWS announces general availability of Amazon Elastic VMware Service

Zawya

time2 hours ago

  • Zawya

AWS announces general availability of Amazon Elastic VMware Service

Dubai, United Arab Emirates — Amazon Web Services, Inc. (AWS), an Inc. company (NASDAQ: AMZN), today announced the general availability of Amazon Elastic VMware Service (Amazon EVS) to enable customers to quickly and easily run and scale their VMware workloads on AWS. Amazon EVS lets customers run VMware Cloud Foundation on AWS without having to re-platform or re-factor their applications. With Amazon EVS, customers can use familiar VMware tools to control and customize their virtualization stack, while realizing the security, reliability, and performance benefits of AWS for their VMware workloads. With Amazon EVS, customers can use their VMware Cloud Foundation license portability to run their VMware workloads alongside other applications in AWS, maximizing their VMware investment without having to change IP addresses, retrain staff, or re-write operational runbooks. Customers have the choice of self-managing Amazon EVS or working with partners from the AWS Partner Network who are experienced in managing and operating VMware Cloud Foundation environments and integrating their VMware workloads with Amazon EVS. Customers and partners including Aeromexico, Alcaldía de Cali, Effectual, Huron Consulting Group, and more are using Amazon EVS to meet their VMware workload migration and modernization needs. 'Since 2016, enterprises have trusted AWS to run their most mission-critical VMware workloads, and today, we're expanding our VMware portfolio by giving customers even more flexibility, control, and choice,' said Steven Jones, general manager of Commercial Applications at AWS. 'Amazon Elastic VMware Service offers customers a straightforward way to bring their VMware workloads to AWS using the tools they know and trust, plus an easy onramp to the breadth of AWS services to help them increase agility, reduce costs, and accelerate innovation.' 'Amazon Elastic VMware Service provides customers with a powerful way to extend modern private clouds to AWS based on unified and consistent VMware Cloud Foundation infrastructure,' said Ahmar Mohammad, vice president of Partners, Managed Services, and Solutions GTM, VMware Cloud Foundation Division, Broadcom. 'With support for VCF license portability, this service helps customers maximize the value of their existing VCF investments while also benefitting from the scale and innovation of running on AWS. Our collaboration with AWS underscores Broadcom's commitment to delivering flexibility, efficiency, and choice for Broadcom customers.' Amazon EVS lets customers run VMware Cloud Foundation directly within their Amazon Virtual Private Cloud (Amazon VPC), providing organizations the flexibility to control and configure infrastructure, while seamlessly integrating their VMware environments with AWS's comprehensive services. Customers can automatically deploy a fully functional VMware Cloud Foundation environment using a simple step-by-step workflow in the AWS console and continue to use familiar features—including preferred tools for backup, recovery, and storage, like Amazon FSx for NetApp ONTAP—that help maintain a consistent backup strategy. With Amazon EVS, customers can also leverage AWS's industry-leading capabilities in analytics, storage, databases, serverless compute, and generative AI such as Amazon Bedrock and Amazon Q for Business, and gain competitive advantage by modernizing their infrastructure and accelerating innovation with AI. Customers and partners are deploying Amazon EVS Alcaldía de Cali is the municipal government of Santiago de Cali, Colombia's third-largest city, providing data-driven services to its residents. 'As part of our cloud-enabled strategy to strengthen public service delivery, Amazon Elastic VMware Service helped us migrate to AWS in just three weeks, while keeping 75% of our workloads on VMware technology,' said Alexander Mondragon, director of the Municipal Administrative Department of Information and Communication Technologies. 'Working with AWS Partner Blend helped us to successfully execute this migration. The ability to be agile and deploy in less than 24 hours was critical to maintaining uninterrupted public services and improving delivery across healthcare, education, property management, and payments, which ultimately helps us better serve the 2.2 million residents of Santiago de Cali.' Aeromexico is Mexico's global airline and a leader in Latin American aviation. 'Amazon Elastic VMware Service is a crucial addition to our efforts in modernizing applications and adopting the cloud at Aeromexico,' said Fernando Rocha, senior vice president of IT and CIO at Aeroméxico. 'We have been collaborating extensively with AWS to harness the benefits of the cloud, and any advancement that speeds up this process is highly appreciated. With Amazon Elastic VMware Service, we can transition our applications to the cloud without the need to invest in on-premises infrastructure. This service is pivotal in accelerating our cloud journey while maintaining the resilience and security required for our operations.' Effectual is an IT service management company specializing in enterprise digital transformation, from migrations to modernization in the cloud. 'Amazon Elastic VMware Service enables customers to achieve accelerated timelines and unlock business agility by quickly migrating their VMware-based workloads to the cloud,' said Matt Crognale, senior manager, Migrations and Modernization at Effectual. 'With Amazon Elastic VMware Service, we are able to help customers migrate to the cloud without re-factoring applications, enabling them to maintain existing operational processes so they can focus on delivering value instead of managing infrastructure.' Huron Consulting Group is a global professional services firm that specializes in providing strategic consulting, technology, and analytics solutions, primarily for clients in healthcare, education, and commercial industries. 'Amazon Elastic VMware Service gives us the control and customization to configure our virtualization stack exactly how we need it,' said Frank Fioretti, principal infrastructure architect at Huron. 'Running our VCF environment on the same infrastructure as the rest of our cloud workloads allows our team to leverage their VMware expertise while benefitting from the same cloud scale, security, performance, and innovation as our next-generation workloads.' Amazon Elastic VMware Service is generally available today in US East (Ohio), US East (N. Virginia), US West (Oregon), Europe (Dublin), Europe (Frankfurt), and Asia Pacific (Tokyo), with availability in additional Regions coming soon. To learn more, visit: The Amazon EVS announcement blog and AWS News for details on today's announcement. The Amazon EVS page to learn more about the service. About Amazon Web Services Since 2006, Amazon Web Services has been the world's most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 117 Availability Zones within 37 geographic regions, with announced plans for 13 more Availability Zones and four more AWS Regions in Chile, New Zealand, the Kingdom of Saudi Arabia, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit and follow @AmazonNews.

UAE exchange house has licence revoked for breaching anti-money laundering law
UAE exchange house has licence revoked for breaching anti-money laundering law

The National

time7 hours ago

  • The National

UAE exchange house has licence revoked for breaching anti-money laundering law

The UAE Central Bank has revoked the licence of Malik Exchange, an Abu Dhabi-based remittance company, for failing to comply with the law on anti-money laundering and counter-terrorism financing, as it continues its fight against illegal financial activity. The regulator also struck the company's name off the register and imposed a financial sanction of Dh2 million ($544,588), it said on Wednesday. The sanctions were imposed after investigations revealed the exchange house failed to comply with AML/CFT policies and procedures, the Central Bank said. The regulator, through its supervisory and regulatory mandates, works 'to ensure that all exchange houses, their owners, and staff abide by the UAE laws, regulations and standards … to maintain transparency and integrity of financial transactions and safeguard the UAE financial system', it added. Malik Exchange, which was established in 1996, provides remittances, payroll, payment and foreign currency exchange services. The latest action comes as the UAE regulator cracks down heavily on regulatory non-compliance. It has imposed financial sanctions on at least four exchange houses in the Emirates since May. It levied a fine of Dh4.1 million on three exchange houses in July for failing to comply with the AML/CFT law. In June, the Central Bank imposed a Dh100 million fine on an exchange house and issued a separate fine of Dh3.5 million on another money exchange company for 'significant failures' in their AML/CFT framework. In May, an exchange house was fined Dh200 million by the Central Bank for breaching anti-money laundering regulations. Overall, the UAE imposed fines of more than Dh42 million on private sector entities during the first half of 2025 for not complying with anti-money laundering regulations, state news agency Wam quoted the Ministry of Economy of Tourism as saying last month. A total of 1,063 breaches were discovered in the six months to the end of June across four categories, it said. Last year, the government amended its laws on anti-money laundering, and the financing of terrorism and illegal organisations to ensure better regulatory oversight. The EU last month voted to remove the UAE from its list of countries that pose a high risk for money laundering and terrorist financing.

Vingroup awarded first-class labor order for outstanding achievements in developing the National Exhibition Fair Center
Vingroup awarded first-class labor order for outstanding achievements in developing the National Exhibition Fair Center

Arabian Post

time8 hours ago

  • Arabian Post

Vingroup awarded first-class labor order for outstanding achievements in developing the National Exhibition Fair Center

HANOI, VIETNAM – Media OutReach Newswire – 19 August 2025 – Vietnam's Party General Secretary Tô Lâm presents the First-Class Labor Order to Mr. Phạm Nhật Vượng – Chairman of Vingroup – in recognition of the Group's outstanding achievements, at the National Exhibition Fair Center in Hanoi, Vietnam. The conferment ceremony was part of the Inauguration and Groundbreaking Ceremony of National Projects commemorating the 80th anniversary of Vietnam's National Day (September 2, 1945 – September 2, 2025), held at the inauguration site of the National Exhibition Fair Center, Tu Lien Bridge area, Dong Anh District, Hanoi. ADVERTISEMENT The National Exhibition Fair Center is a state-level key project, ranked among the top 10 largest exhibition centers in the world. With a total area of about 900,000 square meters, it is envisioned to become a premier international destination for global trade fairs and exhibitions, as well as a new symbol of Hanoi's development. Construction commenced on August 30, 2024, and the site was handed over on June 27, 2025—after just 10 months of construction, 15 months ahead of schedule. This remarkable pace set a new benchmark in Vietnam's construction sector, overcoming major challenges in engineering and executing a massive steel dome structure of unprecedented scale and complexity. As both investor and general contractor, Vingroup maximized all resources, proactively designed construction plans, coordinated manpower, equipment, and materials, and ensured seamless supply chain management across multiple contractors. During peak construction periods, the project mobilized hundreds of contractors and about 3,000 workers and engineers, supported by 800–1,000 pieces of heavy machinery sourced from across the country, including 300–500 ton cranes and super-heavy transport vehicles. The site operated at full intensity, 24/7 in three shifts, optimizing every moment to shorten construction time by 60%. While accelerating progress, Vingroup also maintained strict oversight of each component, ensuring safety, quality, and long-term sustainability of the project. ADVERTISEMENT Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, shared: 'Receiving the First-Class Labor Order at the inauguration of the National Exhibition Fair Center is a profound honor and pride for all Vingroup employees. We are committed to continuing our spirit of perseverance and determination to operate the Center successfully, contributing to making Hanoi and Vietnam leading destinations for world-class political, economic, cultural, and social events.' At the heart of the Center is the Kim Quy Exhibition Hall, one of the world's largest circular exhibition hall with an area of approximately 130,000 square meters and a central height of 56 meters. Located in Hanoi, the National Exhibition Fair Center covers 90 hectares and ranks among the world's top 10 largest exhibition venues. Inspired by the sacred Golden Turtle God (Kim Quy) of the Co Loa legend, the hall's unique architecture is hailed as a new wonder of the capital. Its engineering posed extraordinary challenges: a steel dome weighing 24,000 tons, assembled from ultra-large steel beams and high-strength bolts using specialized torque-severing methods to ensure quality control and double the standard safety factor. The roof is covered with ultra-light, ultra-durable fiberglass fabric, offering natural translucency and energy efficiency in line with global green building standards. Beyond the Kim Quy Exhibition Hall, Vingroup has developed a comprehensive exhibition ecosystem including four outdoor plazas (East, West, South, North), the VinPalace International Convention Center, landscaped green parks and lakes, and large-scale parking facilities. With capacity for hundreds of thousands outdoors and thousands indoors, the Center is not only suited for mega exhibitions but also for large-scale events such as concerts, national festivals, and global technology showcases—meeting the strictest international requirements and redefining Vietnam's MICE (Meetings, Incentives, Conferences, and Exhibitions) industry. One of the key drivers behind this construction milestone is the upcoming National Achievements Exhibition – 80 Years of Independence, Freedom, and Happiness, taking place from August 28 to September 5, 2025. For the first time, all provinces, ministries, sectors, and enterprises across Vietnam will gather in a single national-scale exhibition, expected to attract millions of visitors and reignite national pride. The accelerated completion of the National Exhibition Fair Center not only demonstrates Vingroup's strong financial capacity, professional execution, and effective project management, but also affirms its commitment to serving the nation and the strength of Vietnam's private enterprises in this new era of global integration. Hashtag: #Vingroup The issuer is solely responsible for the content of this announcement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store