Banks Adopt Ant International Forex AI
Major global banks have partnered with Ant International to adopt its upgraded artificial intelligence model. The technology aims to help financial institutions manage liquidity risks and reduce foreign exchange costs.
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Ant International deployed its Falcon Time-Series Transformer Model 2.0 on Thursday, securing early adoption from six major financial institutions. The rollout highlights accelerating artificial intelligence integration within treasury operations. Precise forecasting tools can reduce foreign exchange hedging and allocation expenses by over 60%, according to Kelvin Li, general manager of platform tech.
