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StanChart, Citi, Deutsche Bank Adopt Ant International's Forex AI Tool

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Alibaba's (HKG:9988) Ant International launched Falcon Time-Series Transformer Model 2.0 to improve foreign-exchange risk and liquidity forecasting for cross-border payments, according to a Thursday press release.

The fintech company said the upgraded AI model has been adopted by Barclays, Citi, Deutsche Bank and Standard Chartered (HKG:2888) for FX hedging and liquidity management.

Ant International said the technology could also be applied beyond financial services, including demand forecasting for e-commerce platforms and predictive operations management in aviation.

The model is designed to handle financial data across different time frequencies and distinguish missing data from zero values, while learning patterns across sectors including finance, retail, energy and tourism, the company said.

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