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By Jennifer Kok
Neil joined the panel discussion, ” Securing the Global Payments Highway: Cybersecurity for Real-Time Cross-Border Transactions” during the forum to share perspectives on how the industry can strengthen cybersecurity, anti-money laundering (AML) controls, and operational resilience as cross-border payments scale in speed and volume.
Drawing on XTransfer’s experience supporting SMEs in international trade, Neil noted that traditional B2B cross-border payments often pass through multiple correspondent banks, creating complex procedures, settlement delays, and high costs that can strain SME cash flow. He noted that transfers can take several days to settle, and fees can materially affect businesses operating on tight margins, sometimes pushing SMEs toward unlicensed channels that increase compliance and transparency risks.
“As the industry scales, the challenge isn’t only transaction volume; it’s speed and trust,” Neil said. “To keep legitimate trade moving safely, risk and compliance must become more intelligent, consistent, and scalable.”
Neil shared that AI is now foundational to XTransfer’s risk and compliance capability. He pointed out TradePilot, XTransfer’s own large language model (LLM) designed for the global foreign trade financial sector, which helps spot suspicious activities sooner, prioritize alerts, reduce incorrect warnings, and support more consistent decisions across markets, enhancing AML and compliance quickly.
Neil also discussed XTransfer’s accelerating expansion in Africa, noting more than 300% growth in the region in 2025 as SMEs seek faster and lower-cost ways to manage cross-border trade payments. He mentioned that XTransfer is working with partners and regulators to make cross-border information sharing safer and more consistent; one reason they are creating X-Net, the first Unified Global B2B Trade Settlement Network and Risk Control Platform, is to improve how different payment systems work together and to ensure security standards are shared.
“Building resilience requires collective effort,” Neil added.
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