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

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.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Apple Plans AI Robots, Smarter Siri And Home Devices In Bid To Regain Momentum
Apple Plans AI Robots, Smarter Siri And Home Devices In Bid To Regain Momentum

Gulf Insider

time4 days ago

  • Gulf Insider

Apple Plans AI Robots, Smarter Siri And Home Devices In Bid To Regain Momentum

Apple is preparing a sweeping lineup of new hardware as part of a broader push into artificial intelligence and the smart home, according to people familiar with the plans. The centerpiece is a tabletop robot, targeted for release in 2027, that is designed to act as a lifelike virtual companion. The company is also developing a smart speaker with a display for next year, as well as home-security cameras that would anchor a new Apple-branded security system. The projects, which have not been publicly announced, are part of a strategy to reinvigorate the company's product pipeline and expand into categories dominated by rivals like Amazon, Google and Samsung, Bloomberg reports. Chief Executive Tim Cook signaled the scope of the work in an all-hands meeting this month, telling employees: 'The product pipeline – which I can't talk about – it's amazing, guys. It's amazing. Some of it you'll see soon. Some of it will come later. But there's a lot to see.' The company has struggled to maintain momentum with recent projects. The Vision Pro mixed-reality headset, promoted as Apple's next big platform, has sold below expectations, while the design of its most popular devices has remained largely unchanged for years. The company has also been criticized for lagging in the generative AI race, even as OpenAI has signaled ambitions to move into hardware with former Apple design chief Jony Ive. Robotics as the Centerpiece The tabletop robot, code-named J595, is described as an iPad-size display mounted on a motorized arm that can pivot, extend and reposition itself to follow users in a room. It will feature an entirely new version of Siri, designed to engage in conversations, recall information and insert itself into group discussions. Apple has tested giving the assistant a visual personality under the codename Bubbles, with options ranging from an animated Finder face to Memoji-like characters. FaceTime will be a central function, with the ability to track people around a room during calls. Apple has also tested letting an iPhone act as a joystick to remotely reposition the robot during videoconferences. Designers are considering a final product that resembles the 'Pixar Lamp' — a reference to the animated studio's logo — and prototypes use a 7-inch display on a swiveling base. A New Operating System for the Home Both the robot and the smart display will run a new operating system called Charismatic, built for multiuser households. The interface combines elements of the Apple TV and Apple Watch software, with a focus on widgets, voice commands and facial recognition to personalize content as users approach. The smart display, code-named J490, will be a pared-down version of the robot, launching as soon as mid-2025. It will support home controls, music playback, browsing and videoconferencing, but initially without the robot's advanced conversational Siri. Apple's home push also includes cameras, starting with a battery-powered model, code-named J450, that uses facial recognition and infrared sensors. The system could automate functions like turning off lights when a room is empty or playing music for a specific family member. The company has explored a doorbell that can unlock doors using facial recognition. Siri Overhaul and AI Ambitions Underlying these devices is a major upgrade to Siri, developed under the codename Linwood and powered by large language models. Apple is also testing a parallel project, Glenwood, that could integrate outside AI models such as Anthropic's Claude. Engineers are working on a version code-named Linwood with an entirely new brain built around large language models — the foundation of generative AI. The goal is to tap into personal data to fulfill queries, an ability that was delayed due to hiccups with the current version. That new software, known internally as LLM Siri, is planned for release as early as next spring, Bloomberg News has reported. But work is going even further: Apple is preparing a visually redesigned assistant for iPhones and iPads that will also debut as early as next year. -Bloomberg Craig Federighi, Apple's senior vice president of software engineering, told employees this month that the overhaul has produced 'a much bigger upgrade than we envisioned' and that 'there is no project people are taking more seriously.' Engineers have used systems like ChatGPT and Google Gemini during development of the tabletop robot and other AI features. The new Siri is expected to debut as early as next spring on iPhones and iPads, with a redesigned visual interface and tighter integration with personal data. Beyond the Home Apple is also working on redesigned iPhones for this year, as well as longer-term projects such as smart glasses, a foldable phone, a large foldable MacBook–iPad hybrid, and a 20th-anniversary iPhone. The new hardware push comes as the company seeks fresh growth after scrapping high-profile initiatives like its self-driving car program. If successful, the products could help counter the perception that Apple no longer innovates at its former pace — and put the company in a stronger position to compete in the next era of AI-driven consumer technology.

Stock markets rise
Stock markets rise

Daily Tribune

time30-07-2025

  • Daily Tribune

Stock markets rise

Stock markets in the United States and Europe rose yesterday as investors turned their attention from trade deals to a slew of company results falling this week. New York's tech-heavy Nasdaq and the broad S&P 500 indices moved confidently higher out of the gate, though the Dow was struggling. London's FTSE, the CAC 40 in Paris and the DAX in Frankfurt were all trading higher, reversing dives a day earlier. The picture in Asia was mixed, though, with Shanghai closing higher but Hong Kong and Tokyo losing ground. The transatlantic bounce was different from Monday, when European indices closed in the red and US ones were muddled in the wake of the EU-US trade deal announced on the weekend. 'The fact that markets have bounced back today suggests investors have been buoyed by hopes that the US-EU trade accord might draw a line under recent uncertainty, offering European businesses a clearer path forward,' said Fawad Razaqzada, market analyst at Still, on the currency market, the euro extended losses against the dollar, indicating that European disgruntlement at the trade deal had not gone away. The euro has 'suffered a nasty battering... as investors questioned just how positive the US-EU trade deal was for the European Union', said David Morrison, senior market analyst at Trade Nation. Earning reports Tuesday's focus was now more on company earning reports that are raining down this week in the United States and Europe, with tech heavyweights in the spotlight. Meta and Microsoft were to give results on Wednesday, with Amazon and Apple following on Thursday. The massive investment race in artificial intelligence was informing much of the action. Bloomberg News reported that Microsoft was in talks to keep access to OpenAI technology, even if the ChatGPT maker achieves AI that goes beyond human intelligence. Meta, meanwhile, has opened its pockets wide to grab AI talent -- including several OpenAI employees -- to build out its own artificial intelligence operations. Amazon and Apple are also competing, though the latter is seen to be badly lagging so far. Thomas Mathews, a markets analyst at Capital Economics, said a continued rally in US stocks 'may depend especially heavily on 'big tech' profit results continuing to paint a positive picture, especially around AI'. 'With the worst of the risks around trade seemingly fading, we suspect there are fewer remaining obstacles to further investor enthusiasm for AI and its implications for US companies,' he said. London's FTSE was boosted in particular by heavyweight AstraZeneca after the drugmaker posted strong earnings. Shares in eyewear giant EssilorLuxottica jumped more than 6% on strong second-quarter results, topping the Paris CAC 40 index. Swedish music streamer Spotify's shares slid 7% after it reported an operating profit that far missed its target. The US Federal Reserve, meanwhile, was to begin Tuesday its two-day policy meeting under increasing pressure from President Donald Trump to slash rates, despite stubbornly high inflation. Oil prices extended Monday's rise after Trump shortened a deadline for Russia to end its war in Ukraine to August 7 or 9, following which he vowed to sanction countries buying its crude.

Amazon Launches Kindle Colorsoft In UAE, Saudi Arabia: Now Read Books In Colour
Amazon Launches Kindle Colorsoft In UAE, Saudi Arabia: Now Read Books In Colour

Gulf Insider

time24-07-2025

  • Gulf Insider

Amazon Launches Kindle Colorsoft In UAE, Saudi Arabia: Now Read Books In Colour

Amazon has launched its new Kindle Colorsoft e-readers in the UAE and Saudi Arabia, marking the regional debut of its colour-display Kindle lineup. The move comes as Kindle users worldwide have read more than 129 billion pages so far this year—billions more than during the same period last year. The base model includes 16 GB of storage and is priced at Dh959 / SAR1,069, while the 32 GB Signature Edition costs Dh1,079 / SAR1,199 and comes with added perks like wireless charging and an auto-adjusting front light. The display offers 300 pixels per inch (ppi) resolution for black-and-white content and 150 ppi for colour, along with a built-in light, warm tone settings, and improved font rendering. Page colour can also be inverted for night reading. The device weighs 215 grams and can last up to eight weeks on a single charge, reaching full power in under 2.5 hours. Customers can now browse book covers in colour, enjoy illustrations and images in full tone, and highlight passages using multiple colour options. The Kindle Colorsoft also supports free cloud storage for Amazon-purchased content. The launch of Kindle Colorsoft aligns with Amazon's broader push to enhance digital reading across the Middle East. With growing interest in e-readers and audiobooks across the region, the new device aims to appeal to both long-time Kindle users and first-time buyers looking for a richer reading experience.

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