StanChart, Ant Int’l introduces AI powered treasury and FX solution

It aims to lower FX costs and enhance risk management for Ant Int’l and its clients.

Standard Chartered and Ant International are introducing a new AI-powered treasury and FX management solution.

The two firms aim to lower FX Costs and enhance risk management for Ant International and its clients.

The solution integrates Ant International’s falco time-series transformer (TST) model with StanChart’s aggregated liquidity engine (SCALE), according to a press release.

The integration of the two platforms will allow seamless data exchange that leads to AI-powered FX forecasting in real-time, 24/7, it added.

Specifically, Standard Chartered can forecast Ant International’s FX exposures with more than 90% accuracy, according to the press release.

This, in turn, allows the bank to manage its FX risk more effectively and lower the client’s FX hedging cost, all in real-time and 24/7, it said.