Deutsche, Ant teams up to improve cross-border payments

They will work on global treasury management and cross-border payment projects.

Deutsche Bank and Ant International are teaming up to provide cross-border payment solutions for businesses in Europe and Asia.

The two firms will work on a series of global treasury management and cross-border payment projects, including tokenised deposits, stablecoin, and time-series transformer (TST) FX model.

Deutsche Bank will make use of Ant International’s tokenisation and AI-based FX technology, according to a press release.

The two companies will also look into applications of stablecoins for global payments, including real-time cross-border treasury management for Ant’s entities, reserve management, and on-ramp and off-ramp services.

Photo caption from Left to Right: Sabih Behzad, Head of Digital Assets & Currencies Transformation for Deutsche Bank, Chintan Shah, Head of Corporate Coverage for APAC & MEA at Deutsche Bank, Kriti Jain, Head of New Economy Coverage APAC and Head of New Economy Cash Solutions Sales APAC & MEA at Deutsche Bank, Leiming Chen, Chief Sustainability Officer at Ant International, Yi Zhou, Chief Financial Officer at Ant International, Kelvin Li, General Manager of Platform Tech at Ant International and Yanyi Liang, Head of Whale Treasury Platform at Ant International