Ant International and Standard Chartered Launch AI-Driven Treasury and FX Management Solution
Ant International and Standard Chartered have joined forces to introduce an AI-powered solution that improves treasury and foreign exchange (FX) management. This collaboration combines Ant International’s Falcon Time-Series Transformer (TST) Model with Standard Chartered’s Aggregated Liquidity Engine (SCALE).
Both institutions are active participants in the Monetary Authority of Singapore’s (MAS) PathFin.ai program. Their partnership highlights how AI is enhancing financial services in Singapore. Building on their existing blockchain collaboration, the new solution targets lower FX costs and better risk management for Ant International and its clients.
How the Integrated Solution Works
The integration enables real-time, 24/7 AI-powered FX forecasting by allowing smooth data exchange between Falcon TST and SCALE. Developed jointly, this tool is part of Standard Chartered’s FX Automation Program, which supports multi-currency bookings and international vendor payments instantly.
This setup helps businesses reduce costs and FX volatility when conducting cross-border transactions. With over 90% accuracy in forecasting FX exposures, the combined system allows Standard Chartered to manage FX risk more effectively and reduce hedging expenses for clients.
Expert Insights
Madhu Menon, Global Head of SC PrismFX Sales at Standard Chartered, said, “We continue to invest in our platforms and adopt advanced technology to help clients manage risks and exposures, especially in volatile markets. Our collaboration with Ant International introduces a new approach to managing FX risk and costs globally.”
Kelvin Li, General Manager of Platform Tech at Ant International, emphasized the importance of this partnership. “Integrating Standard Chartered’s banking capabilities with Ant International’s technology enhances how businesses handle global liquidity and FX strategies, resulting in more efficient cross-border transactions.”
About Falcon TST and SCALE
- Falcon TST Model: A transformer-based big data model with nearly 2 billion parameters. It uses advanced time series forecasting to analyze historical data and predict future cashflow and FX exposure with over 90% accuracy. Falcon handles more than 60% of Ant International’s FX conversions, cutting FX costs by up to 60% and liquidity management costs by up to 50%.
- Standard Chartered Aggregated Liquidity Engine (SCALE): A flexible FX solution supporting corporates and financial institutions in pricing products and receiving payments across currencies with guaranteed FX rates, available 24/7. SCALE leverages Standard Chartered’s network to provide FX liquidity, reduce FX risk, and streamline cross-border settlements.
Looking Ahead
As cross-border transactions grow, Ant International and Standard Chartered are committed to developing new solutions that facilitate seamless and secure global business operations. Their continued collaboration aims to simplify the way companies manage FX and liquidity worldwide.
For management professionals interested in integrating AI into financial operations, understanding innovations like Falcon TST and SCALE is essential. These technologies offer practical benefits in cost control and risk mitigation for global treasury functions.
Learn more about AI applications in finance and treasury management through resources available at Complete AI Training.
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