Latest news with #KelvinLi
South China Morning Post
28-05-2025
- Business
- South China Morning Post
Ant International: numerical AI model is the GPT of financial services
Ant International predicts that its artificial intelligence (AI) model for foreign exchange (FX) could have as large an impact on financial services as OpenAI's large language model (LLM) GPT has had in the broader business world. Advertisement The Time-Series Transformer (TST) AI FX Model developed by the Singapore-based fintech company focuses on numerical data prediction rather than content generation. Kelvin Li, general manager of the company's platform tech business unit, called it 'another track to AI', alongside LLMs – the technology underpinning generative AI applications like ChatGPT. In financial services, most companies are adopting LLMs to help minimise risk, 'but these models have not gone to the core of financial service, for example, trading, pricing and transaction processing', Li said in an interview. 'We believe the TST AI FX Model could be the foundational model for financial services, digital payments and even general economic activities.' Ant International is a unit of Hangzhou-based Ant Group, the fintech affiliate of Alibaba Group Holding. Alibaba owns the Post. Advertisement The TST AI FX model currently forecasts Ant International's cash flow and FX exposure on an hourly, daily and weekly basis, with more than 90 per cent accuracy, according to the company. This enables more accurate predictions of trading volumes and reduces hedging and risk-premium costs from banks. The model serves customers including banks, airlines, online travel agents and e-commerce platforms. Ant International said it would soon announce a partnership with a low-cost airline in the region.
Yahoo
22-05-2025
- Business
- Yahoo
Ant International Launches Tokenised Deposit Solutions for Real-Time Treasury Management with HSBC
The company's Embedded Finance unit is expanding banking partnerships on tokenisation and AI-driven global liquidity management tools to maximize payment and treasury efficiency HONG KONG, May 22, 2025--(BUSINESS WIRE)--Ant International today announced its collaboration with HSBC on the bank's new Tokenised Deposit Service in Hong Kong. The service will support treasury management with real-time, always-on HKD and USD payments between corporate wallets held by a corporate client at HSBC Hong Kong. The Tokenised Deposit Service is also the first bank-led, blockchain-based settlement service in Hong Kong. The launch comes after a successful pilot test between HSBC and Ant International on Ant's Whale platform, which has been rolling out blockchain-based payments and tokenised deposits solutions with various bank partners. Following the pilot test, HSBC adapted the learnings from the joint innovation into its Tokenised Deposit Service, with Ant International as the pioneer client. As the first client to utilise the Tokenised Deposit Service, Ant International has successfully completed an instant intra-group fund transfer via the service. It initiated the transaction via its internal global treasury management platform, the Whale platform, digitising its USD deposits with HSBC into digital tokens on the bank's secure distributed ledger. One of the core products developed by the Platform Tech team under Ant International's Embedded Finance business, the Whale platform is a next-generation treasury management solution that utilises blockchain technology, including advanced encryption and AI, to improve the efficiency and transparency of funds transfer between Ant International's intragroup entities for real-time global treasury management. In 2024, more than a third of Ant International's transactions were processed on-chain via the Whale platform. The Whale platform currently supports multiple tokenised assets from leading banks and institutions around the world, enabling interoperability across diverse blockchain networks. By leveraging leading DLT technologies such as homomorphic encryption and zero-knowledge proofs, the Whale platform encrypts transaction information and enables multi-party verification in an encrypted state, ensuring secure, confidential, and seamless cross-chain transactions. Ant International's collaboration with HSBC on tokenised deposits expands a longstanding partnership since 2020. In October 2024, Ant International and HSBC also completed a successful HKD-denominated cross-bank experiment under the Hong Kong Monetary Authority's Ensemble Sandbox. "We are very excited to work with an industry leader like HSBC, who shares the belief that tokenisation is the key to bridging the stability of traditional banking with the efficiency of blockchain, to enable real-time treasury management," said Kelvin Li, General Manager of Platform Tech at Ant International. "As a tech connector in the fast-evolving financial services industry, our banking partnerships are expanding from tokenisation to AI-driven global FX and liquidity initiatives. We look forward to working with more public and private-sector partners to unlock more transparent, accessible and efficient treasury management solutions for businesses worldwide." About Ant International With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit View source version on Contacts Media Contacts Ant InternationalKahmun
Business Wire
22-05-2025
- Business
- Business Wire
Ant International Launches Tokenised Deposit Solutions for Real-Time Treasury Management with HSBC
HONG KONG--(BUSINESS WIRE)--Ant International today announced its collaboration with HSBC on the bank's new Tokenised Deposit Service in Hong Kong. The service will support treasury management with real-time, always-on HKD and USD payments between corporate wallets held by a corporate client at HSBC Hong Kong. The Tokenised Deposit Service is also the first bank-led, blockchain-based settlement service in Hong Kong. The launch comes after a successful pilot test between HSBC and Ant International on Ant's Whale platform, which has been rolling out blockchain-based payments and tokenised deposits solutions with various bank partners. Following the pilot test, HSBC adapted the learnings from the joint innovation into its Tokenised Deposit Service, with Ant International as the pioneer client. As the first client to utilise the Tokenised Deposit Service, Ant International has successfully completed an instant intra-group fund transfer via the service. It initiated the transaction via its internal global treasury management platform, the Whale platform, digitising its USD deposits with HSBC into digital tokens on the bank's secure distributed ledger. One of the core products developed by the Platform Tech team under Ant International's Embedded Finance business, the Whale platform is a next-generation treasury management solution that utilises blockchain technology, including advanced encryption and AI, to improve the efficiency and transparency of funds transfer between Ant International's intragroup entities for real-time global treasury management. In 2024, more than a third of Ant International's transactions were processed on-chain via the Whale platform. The Whale platform currently supports multiple tokenised assets from leading banks and institutions around the world, enabling interoperability across diverse blockchain networks. By leveraging leading DLT technologies such as homomorphic encryption and zero-knowledge proofs, the Whale platform encrypts transaction information and enables multi-party verification in an encrypted state, ensuring secure, confidential, and seamless cross-chain transactions. Ant International's collaboration with HSBC on tokenised deposits expands a longstanding partnership since 2020. In October 2024, Ant International and HSBC also completed a successful HKD-denominated cross-bank experiment under the Hong Kong Monetary Authority's Ensemble Sandbox. 'We are very excited to work with an industry leader like HSBC, who shares the belief that tokenisation is the key to bridging the stability of traditional banking with the efficiency of blockchain, to enable real-time treasury management," said Kelvin Li, General Manager of Platform Tech at Ant International."As a tech connector in the fast-evolving financial services industry, our banking partnerships are expanding from tokenisation to AI-driven global FX and liquidity initiatives. We look forward to working with more public and private-sector partners to unlock more transparent, accessible and efficient treasury management solutions for businesses worldwide.' About Ant International With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit
Business Wire
09-05-2025
- Business
- Business Wire
Ant International與Barclays合作，運用專屬人工智慧外匯模型優化全球金融管理
新加坡--(BUSINESS WIRE)--(美國商業資訊)-- Ant International（中文名：螞蟻國際）與首屈一指的英國銀行Barclays締結協議，將合作提高企業全球金融管理的效率與彈性。這份合作關係將結合雙邊的創新解決方案（包括Ant的專屬時間序列轉換器 (TST) 人工智慧外匯模型在內），協助企業降低外匯相關成本，對抗全球波動帶來的風險。 Ant International已在合作的初步階段與Barclays順利完成該集團內的第一批外匯交易。 Ant International的時間序列轉換器模型是一個以轉換器為基礎架構的大數據模型，擁有近20億個參數。這款時間序列轉換器模型整合最新的時間序列預測演算法，可預測隨時間變化的模式。Ant還引入新的預訓練和監督式微調 (SFT) 框架來訓練模型，改善其隨時間變動進行預測的能力。 時間序列轉換器模型目前以每小時、每日、每星期為週期預測該公司的現金流以及外匯風險，準確性在90%以上。這可以提高預測交易量的準確性，並減少被銀行收取不必要的對沖和風險溢價成本，進而降低對沖成本和外匯總成本。 Barclays將時間序列轉換器模型整合入其服務大量電子商務及支付產業的外匯對沖平台「BARX NetFX」。這場合作關係是Barclays外匯自動化戰略的一部分，目的是開發可以幫助客戶數位化工作流並優化外匯對沖的工具。 Barclays將時間序列轉換器模型整合入其Guaranteed FX解決方案，提升BARX NetFX平台的功能，以利更準確預測Ant International的外匯風險。從另一方面來看，這又使該銀行有能力提供更精確的外匯對沖，降低對沖成本，並提高其平台的整體效率。Ant International再利用這種成本效益為企業提供外匯報價，提供有競爭力的匯率，並維持歐元和美元等主要交易貨幣的相對價格穩定。初步測試交易顯示Ant International確已幫助客戶節省外匯成本。 Ant International與Barclays的合作案例證明時間序列轉換器模型確實具備運用人工智慧幫助企業緩解全球外匯波動風險的潛力。 「Ant International是Barclays非常重視的長期合作夥伴，我們很高興能夠共同推動這個創新解決方案。」 Barclays全球金融科技和外匯自動化銷售主任Ben Parkinson 說，「這場合作顯示雙方團隊的穩定關係與互信。他們先進的人工智慧模型已改善了預測現金流的準確度，並幫助我們優化外匯對沖流程。Ant International先進的人工智慧預測功能搭配我們的引領市場的外匯專長，讓我們降低不確定性和成本，為外匯風險管理樹立一座新的里程碑。」 Ant International平台技術總經理Kelvin Li 表示：「我們致力協助金融產業優化外匯戰略，與Barclays合作應用我們的時間序列轉換器模型是這個過程中的一座重大里程碑。結合Barclays傑出的銀行專業與Ant International的創新解決方案所獲得的成果證明，科技可以實現更有效率的外匯交易，貢獻企業管理全球流動性的新法。它也顯示客戶受益於我們的金融管理，透過有競爭力的外匯匯率改善成本效率。」 「這項合作具體證明Barclays致力與合作夥伴共事，利用我們互補的優勢來提升服務水準，並打造效益更高的解決方案。」 Barclays亞太及中東地區企業銀行業務主任Pushkaraj Gumaste 說，「這個絕佳範例可說明我們如何讓客戶的跨國商務更加無縫、高效，同時為他們的全球業務帶來更高價值。」 全球跨境交易預計將在2030年之前突破290兆美元，Ant International和Barclays意識到創新外匯解決方案、讓企業在安全的前提下無縫交易的必要。雖然這個案例目前僅支援Ant International使用的主要配對貨幣，但雙方都有調整解決方案以納入更多貨幣、滿足更多業務需求的共識。 關於Ant International 總部位於新加坡的Ant International（中文名：螞蟻國際）是一家領先全球的數位支付、數位化和金融科技供應商，提供經統合的科技金融平台，為人人開發下世代商務。Ant International與合作夥伴密切合作，支援全球各種規模的商家，透過科技領導的全面性數位支付和金融服務解決方案實現成長的夢想。如需進一步資訊，請造訪： 。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
Business Wire
07-05-2025
- Business
- Business Wire
Ant International Partners with Barclays on Global Treasury Management with Proprietary AI-Powered FX Model
SINGAPORE--(BUSINESS WIRE)--Ant International has entered a partnership with leading UK bank Barclays to enhance efficiency and resilience in global treasury management for businesses. Under the partnership, the two sides will combine innovative solutions, including Ant's proprietary Time-Series Transformer (TST) AI FX Model, to help businesses reduce FX-related costs and risks against global volatilities. At the initial stage of the collaboration, Ant International has successfully completed the first batch of its intra-group FX transactions with Barclays. Ant International's TST Model is a transformer architecture-based big data model with close to 2 billion parameters. By integrating the latest time series forecasting algorithms, the TST Model predicts patterns over time. Ant also created new pre-training and Supervised Fine-Tuning (SFT) frameworks to train the model and improve its predictions over time. The TST Model now forecasts the company's cashflow and FX exposure on an hourly, daily and weekly basis, with 90%+ accuracy. This enables more accurate predictions of trading volumes and reduces unnecessary hedging and risk premium costs from banks, thereby lowering its hedging costs and overall FX costs. Barclays integrated the TST Model into its FX hedging platform, BARX NetFX, which broadly serves the e-commerce and payment industries. This collaboration is part of Barclays' FX Automation strategy, which focuses on developing tools that help their clients digitise workflows and optimise FX hedging. By integrating the TST Model into its Guaranteed FX solution, Barclays enhances its BARX NetFX platform, resulting in greater accuracy in forecasting Ant International's FX exposures. This in turn, enables the bank to offer more precise FX hedging, lower its hedging costs, and increase the overall efficiency of its platform. Ant International then leverages this cost efficiency in its FX quotes for businesses, offering competitive rates and maintaining relative price stability for major trading currencies including EUR and USD. Initial trial transactions already saw Ant International helping its clients saving on FX costs. Ant International's use case with Barclays highlights the TST Model's potential for helping businesses mitigate global FX volatility through AI. 'Ant International has been a valued and long-standing partner of Barclays, and we were thrilled to work together on this innovative solution,' said Ben Parkinson, Head of Global Fintech & FX Automation Sales at Barclays. 'This collaboration reflects the strong relationship and mutual trust between our teams. Their state-of-the-art AI model has improved the accuracy of forecasting cash flows and helped us optimise the FX hedging process. By combining Ant International's advanced AI forecasting capabilities with our market-leading FX expertise, we've been able to reduce uncertainty and cost, setting a new benchmark for FX risk management.' Kelvin Li, General Manager of Platform Tech at Ant International, said: 'The collaboration with Barclays on our Time Series Transformer Model is an important milestone in our ongoing journey to help treasuries optimise their FX strategies. The results that we have achieved by combining Barclays' advanced banking capabilities with Ant International's innovative solutions demonstrate how technology can enhance the way businesses manage their global liquidity, by enabling more efficient FX transactions. It also shows how enhancing our treasury management can benefit our customers, when businesses translate the cost efficiencies into competitive FX rates.' 'This collaboration is a strong testament to how Barclays is dedicated to evolving alongside our partners, by harnessing our complementary strengths to enhance our offerings and deliver more impactful solutions,' said Pushkaraj Gumaste, Head of Corporate Banking, Asia Pacific & Middle East, Barclays. 'It's a perfect example of how we can make cross-border business more seamless and efficient for our clients, while deepening the value we bring to their global operations.' With global cross-border transactions set to reach over US$290 trillion by 2030, Ant International and Barclays recognise the need for innovative FX solutions that will allow businesses to transact more seamlessly and securely. While the use case currently supports major currency pairings used by Ant International, both companies aim to enhance the solution to cover more currencies and serve more business needs. About Ant International Headquartered in Singapore, Ant International is a leading global digital payment, digitisation and financial technology provider offering a unified techfin platform to unlock next-gen commerce for all. In close collaboration with partners, they support merchants of all sizes worldwide to realize their growth aspirations through a comprehensive range of tech-driven digital payment and financial services solutions. To learn more, please visit
