finance.yahoo.com

Citi and other banks adopt Ant International forex AI tool

Citigroup logoCitigroup
Sig2.23Sen+2.23Env0.00Soc+0.10Gov+1.27

Ant International launched Falcon Time-Series Transformer Model 2.0 and signed up six major banks, including Citi, to use its specialised AI for financial scenarios tied to liquidity risk. The fintech says precise forecasting can cut foreign exchange hedging and allocation costs by over 60%, as global banks accelerate AI adoption in core operations.

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