Latest news with #TSTModel
Business Wire
18-07-2025
- Business
- Business Wire
Citi and Ant International Pilot AI-Enabled Forecasting Solution to Enhance FX Risk Management for Airline Customers
SINGAPORE--(BUSINESS WIRE)--Citi and Ant International announced today that they are piloting the use of Ant International's Falcon Time-Series Transformer (TST) Model to deliver an enhanced FX risk management solution for their customers. Developed with aviation clients as an initial use case, the solution aims to offer greater payment solutions for the airline industry, which processes billions of payment transactions annually. With airline travel set to continue growing, the joint solution combines Ant International's experience with airline payments and Citi's robust FX solutions to help the bank's clients manage their FX costs more efficiently. Ant International's Falcon 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 future data points by learning complex patterns from large historical data sets using AI technology, the model helps businesses improve the efficiency and accuracy of their cashflow and FX exposure forecasts, allowing them to reduce hedging and overall FX costs. By pairing the Falcon TST Model with Citi's Fixed FX Rates solution, an award-winning solution that simplifies the FX risk management process for businesses selling online in multiple currencies, the combined solution helps businesses mitigate the risks associated with currency fluctuations by securing FX rates for a defined period. FX rates are locked-in and agreed upon, giving businesses greater predictability in budgeting, pricing and profitability. Citi's Fixed FX Rates solution supports over 70 currencies and is widely used by clients in various sectors including Airlines, Travel and e-Commerce. With Ant International's AI-enabled forecasting capability, businesses may utilise Citi's enhanced solution to improve the accuracy of their sales and FX exposure forecasts. Ant International has already achieved an accuracy rate of more than 90% in the company's own use cases and expects the solution to help the airline industry reduce its overall FX hedging costs as forecast accuracy continues to improve. By combining Ant International's Falcon TST model with Citi's Fixed FX Rates solution, Citi has successfully completed FX transactions for one of the leading carriers in Asia, reducing the carrier's FX hedging costs in initial live transactions. Sam Hewson, Global Head of FX Sales at Citi, said: 'We are constantly evolving our products and solutions to support new use cases built on our clients' priorities. Citi's Fixed FX Rates solution supports some of the world's largest e-Commerce and Travel names and this innovative solution sees us leveraging best-in-class technology capabilities in the broader ecosystem to accelerate go-to-market use cases.' Kelvin Li, General Manager of Platform Tech at Ant International, said: 'This is the first industry-tailored solution developed from our Falcon TST Model with a bank partner to serve their customers. It's an important milestone in our journey to leverage AI for FX management for our businesses, partners, and also merchants. The 30% hedging cost savings Ant International has achieved for the pilot airline customer shows the cost efficiency that can be achieved with AI-enabled FX hedging. We are excited to expand the solution with Citi to serve more businesses and industries.' About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: 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
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.
Finextra
12-05-2025
- Business
- Finextra
Ant Financial partners with Barclays for treasury management
Ant International has entered a partnership with leading UK bank Barclays to enhance efficiency and resilience in global treasury management for businesses. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. 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.
National Post
09-05-2025
- Business
- National Post
Ant International Partners with Barclays on Global Treasury Management with Proprietary AI-Powered FX Model
Article content Article content SINGAPORE — 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. Article content At the initial stage of the collaboration, Ant International has successfully completed the first batch of its intra-group FX transactions with Barclays. Article content 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. Article content 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. Article content 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. Article content 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. Article content Ant International's use case with Barclays highlights the TST Model's potential for helping businesses mitigate global FX volatility through AI. Article content '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.' Article content 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.' Article content '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.' Article content 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. Article content Article content Article content Contacts Article content Article content
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
