Citi, HSBC, Barclays adopt Ant's AI model for FX forecasts

Ant International launched Falcon TST 2.0 on August 20 with six large banks including Citi, HSBC, Deutsche Bank, Standard Chartered and Barclays. Barclays runs it in BARX NetFX, Citi pairs it with Fixed FX Rates and Standard Chartered uses it with SCALE FX under the Monetary Authority of Singapore's PathFin.ai program.

Ant reports over 90% accuracy in cash flow and FX exposure forecasts and says banks can cut hedging and allocation costs by more than 60%. These are the company's own figures.