XTransfer CEO Outlines Strategies to Combat Cyber-Enabled B2B Payment Fraud
At the 2026 Annual Meetings in Bangkok, XTransfer Founder and CEO Bill Deng addressed the rising threat of cyber-enabled fraud within the global B2B payment ecosystem. While financial inclusion has reached record highs with 79% adult account ownership, scam encounters have surged, affecting nearly 60% of adults globally. Deng argues that while automation is essential for handling transaction volumes, it lacks the commercial context necessary to distinguish between legitimate seasonal shifts and sophisticated fraud typologies. Deng advocates for a multi-faceted approach centered on local control calibration, shared intelligence, and public-private engagement. He emphasizes that because fraud patterns migrate across corridors, institutions must move away from treating detection as a private asset and instead participate in regulator-supervised information sharing. The goal is to build a connected SME payment infrastructure where security facilitates rather than hinders legitimate trade.
Topics: B2B payments cybersecurity digital safety financial inclusion fraud prevention