Barclays PLCBarclays partners with Ant International to use its AI model for financial forecasting.
Ant International, a Singapore-based affiliate of Chinese fintech company Ant Group, announced on the 20th that it has released an updated version of its artificial intelligence model, the Falcon Time-Series Transformer Model 2.0, and has partnered with six major banks including Citi, HSBC, Deutsche Bank, Standard Chartered, and Barclays. The model is specialised for financial scenarios and is said to have advantages over general-purpose large models. With accurate forecasting, it can reduce currency hedging and allocation costs by more than 60 percent.
Barclays PLCBarclays partners with Ant International to use its AI model for financial forecasting.
Deutsche Bank AktiengesellschaftDeutsche Bank adopts Ant International's AI model, potentially reducing currency hedging costs.
HSBC Holdings PLCHSBC adopts Ant International's AI model, potentially reducing currency hedging costs.
Standard Chartered PLCStandard Chartered partners with Ant International to use its AI model for financial forecasting.
Citigroup Inc.Citi adopts Ant International's AI model for financial forecasting, reducing hedging costs.
Ant International announces adoption of its AI model by six major banks, indicating strong demand for its financial AI product.