Connect with us

Technology

XTransfer Launches Self-Developed Large Language Model TradePilot

Published

2 years ago

on

First Large Language Model in the Foreign Trade Financial Industry

SHANGHAI, Sept. 11, 2024 /PRNewswire/ — XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is delighted to announce the successful launch of TradePilot, its self-developed large language model (LLM) for the foreign trade financial industry. This marks a significant advancement in foreign trade financial services for B2B small and medium-sized enterprises (SMEs).

With the rapid development of artificial intelligence technology, particularly using LLMs in various fields, the foreign trade financial sector has also seen new opportunities for transformation. After years of technological research and innovative practices, XTransfer has successfully introduced its self-developed LLM TradePilot for the foreign trade financial industry, marking a new stage for foreign trade financial services for B2B SMEs. This also signals the beginning of the “intelligent emergence” era for the foreign trade financial industry.

Currently, multimodal, long-context and AI Agents are three important directions in the field of AI LLMs, each with unique applications and research value. Multimodal relates to artificial intelligence systems that can process and understand different data types, including text, images, sound, and video. These systems can extract information from multiple data sources and conduct comprehensive analysis and understanding.

As an artificial intelligence system capable of understanding and processing long texts, long-context LLMs can understand complex semantics and logical structures, and provide long text content through natural language understanding, machine translation, and more. Natural language processing (NLP) handles topics, emotions, and logical relationships in long articles.

AI Agent is an artificial intelligence system that can autonomously perform tasks, make decisions, and interact with other systems or users. These agents can be virtual (chatbots and virtual assistants) or physical (autonomous vehicles and robots).

These three directions in artificial intelligence are interconnected and collectively drive the development and application of technology. Today, as global trade continues to evolve, foreign trade enterprises face unprecedented challenges and opportunities. XTransfer is dedicated to reducing the barriers and costs of global expansion for SMEs through technological means, and to promoting the digital development of the foreign trade industry.

Last year, XTransfer began research and development on TradePilot, an LLM for the foreign trade financial industry. The goal is to improve the efficiency and security of payment and financial services using advanced data analysis and artificial intelligence technology. After multiple rounds of improvements, the model incorporates a significant amount of business data and market demand. It uses the latest LLM training and fine-tuning techniques to ensure exceptional performance in risk management, customer service, and more.

In June of this year, XTransfer completed the training of two versions of the self-developed LLM TradePilot. TradePilot competed with many well-known domestic and international LLMs, including GPT-4, in the foreign trade financial professional knowledge assessment and won first place in the overall score*. Initial feedback suggests that the model has significantly improved transaction security and efficiency while reducing costs for foreign trade SMEs. It is gradually being effectively applied in multiple domains.

In terms of risk identification and management, TradePilot, through powerful context reasoning and natural language processing capabilities, can accurately predict and prevent potential transaction risks, greatly enhancing the market competitiveness of foreign trade SMEs.

The shift of B2B foreign trade business from offline to online has accelerated in recent years. However, the B2B model still involves many offline activities, leading to scattered and unstructured transaction data. This presents a challenge for anti-money laundering (AML) risk control in the B2B cross-border financial industry.

XTransfer has developed a data-driven, automated, internet-based, and intelligent infrastructure for AML risk control infrastructure centred around SMEs, establishing a new standard in AML risk control for the B2B foreign trade financial industry. By utilising multimodal information extraction of LLMs, including proforma invoices, logistics documents, and bills, XTransfer has achieved automatic matching of buyers and sellers, audit, and account verification, further improving the efficiency of AML risk control.

On the customer service front, TradePilot has integrated XTransfer AI-based customer service, achieving significant advancements in semantic recognition and understanding, effective response capabilities, and engaging exploration capabilities. The AI-based customer service response rate has increased from 13% to 84.2%.

Moreover, to fulfil foreign trade companies’ marketing and customer acquisition requirements, TradePilot’s AI-powered website has created tens of thousands of websites, thereby reducing the barrier to creating foreign trade websites. “AI Staff” have also assisted numerous foreign trade businesses in achieving precise customer acquisition.

Regarding technical implementation, TradePilot adopts a distributed computing architecture, ensuring the efficiency and stability of data processing. At the same time, TradePilot placed high importance on data security and privacy protection from the outset, in compliance with international and regional laws and regulations. Through encryption technology, access control, and audit mechanisms, the model ensures the integrity and security of user data.

The successful implementation of XTransfer’s LLM TradePilot for the foreign trade financial industry not only brings tangible benefits to foreign trade enterprises but also has a profound impact on the entire B2B foreign trade financial industry. With the model’s promotion and application, it is expected to drive the industry towards a more efficient, secure, and intelligent direction. In the future, XTransfer will continue to focus on technological innovation to promote the digital development of global trade.

Li Weitong, Senior Technical Director of XTransfer, stated: “The successful implementation of our self-developed LLM for the foreign trade financial industry is an important milestone. It not only demonstrates our technological innovation capabilities but also showcases our deep understanding of B2B foreign trade and precise grasp of the needs of SMEs. We believe that as the model continues to improve, it will bring even greater value to foreign trade enterprises. We look forward to seeing more enterprises achieve greater success in the global market through our technology and services.”

*Note: The evaluation is based on 5,000 foreign trade/cross-border financial-related test questions arbitrarily extracted from professional books, and the evaluation of the answers given by TradePilot and many well-known domestic and foreign large language models, with the main dimensions of factuality, relevance, and completeness, and the results of the evaluation by XTransfer’s expert panel (without labelling the names of the large language models).

– END –

About XTransfer

XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & 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, Japan, Australia, and Singapore. XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. With more than 550,000 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 built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises 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.

For more information: https://www.xtransfer.com/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xtransfer-launches-self-developed-large-language-model-tradepilot-302244591.html

SOURCE XTransfer

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

Published

43 minutes ago

on

July 24, 2026

By

CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/caladium-systems-launches-happiffie-indias-first-ai-powered-celebration-platform-302834017.html

Continue Reading

Technology

Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

Published

43 minutes ago

on

July 24, 2026

By

As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/beko-publishes-2025-integrated-report-charting-years-of-progress-toward-net-zero-302833974.html

SOURCE Beko

Continue Reading

Technology

JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

Published

43 minutes ago

on

July 24, 2026

By

HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/justmarkets-releases-market-analysis-on-how-foreign-exchange-markets-react-to-cpi-surprises-302834023.html

SOURCE Just Global Markets Ltd

Continue Reading

Trending