Ant International upgrades Falcon AI, signs six banks for FX trading

Ant International has upgraded its Falcon forecasting system to version 2.0 and signed six major banks to use it in foreign-exchange trading and treasury operations, arguing that more precise forecasts can cut hedging and allocation costs by over 60%. Citi, HSBC, Deutsche Bank, Standard Chartered and Barclays were identified as partners, while the sixth bank was not named. The Singapore-based overseas arm of Ant Group said the transformer-based model has nearly 2 billion parameters, disclosed the 2.0 release in an arXiv paper and published the code on GitHub. Citi has used Falcon with its Fixed FX Rates product for more than 70 currencies, while Standard Chartered said integration with its SCALE liquidity engine forecasts Ant's currency exposures with over 90% accuracy, handles more than 60% of its foreign-currency conversions and reduces liquidity-management costs by 50%. HSBC has also worked with Ant on tokenized deposits and an ISO 20022-based cross-border payment, linking AI forecasting with faster settlement tools. The push comes as daily global FX turnover hit $9.5 trillion in April 2025, up 27% from three years earlier, while BIS and FSB work has warned that heavy reliance on a small set of AI providers could create correlated risks in stressed markets. Ant International raised $1.2 billion last month as it expands the reach of its financial AI.

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