Bill Deng, founder and CEO of XTransfer, speaks about B2B payment solutions in the era of globalisation.
Key highlights
- Importance of Globalisation: He emphasises their belief in globalisation and the valuable connections built through it.
- Deglobalisation Trends: Acknowledges the trend of deglobalisation and its impact.
- SMEs' Role: Discusses the critical role of SMEs in global trade — 90% of cross-border trade involves SMEs.
- Challenges Faced by SMEs: Identifies challenges in financial services, particularly the difficulty in opening and maintaining bank accounts in a traditional bank due to AML regulations.
- XTransfer’s Solutions: Provides detailed solutions offered by XTransfer, such as global and local collection accounts.
- Risk Management and AI: Explains the use of AI and large language models to manage risks effectively and efficiently.
- Customer Experience: Highlights the importance of providing excellent customer experience and how AI aids in this.
Conclusion
Bill points out the challenges SMEs face, particularly in financial services, and describes how XTransfer innovatively addresses these issues with their global and local collection accounts.
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Speaker:
- Bill Deng, Founder & Chief Executive Officer, XTransfer