Citi and Ant International are testing the use of the Falcon International Transformer (TST) model to provide an improved FX risk management solution for their customers.
Developed with aviation customers as a case of initial use, the solution aims to provide larger payment solutions for the airline industry, which is processing billions of payment transactions annually. With airline trips continuing to grow, the joint solution combines Ant International’s experience with airline payments and Citi’s strong FX solutions to help bank customers manage FX costs more efficiently.
Ant International’s Falcon TST model is a large -scale transformer transformer model with architecture with about 2 billion parameters. By incorporating the latest time -serving prediction algorithms, the TST model predicts future data points, learning complex patterns from large historical data using AI technology, the model helps businesses improve the effectiveness and accuracy of their cash flow and FX.
By coupling the Falcon TST model with Citi’s FX fixed solution, an award -winning solution that simplifies the FX risk management process for businesses that sell online in multiple coins, the combined solution helps businesses to mitigate the risks associated with ratings. FX rates are locked and agreed, giving businesses greater predictability in budget, pricing and profitability. Citi’s fixed FX solution supports over 70 coins and is widely used by customers in various sectors, including airlines, travel and e -commerce.
With Ant International’s anticipation capacity, businesses can use Citi’s enhanced solution to improve the accuracy of FX sales and exposure forecasts. Ant International has already achieved accuracy of more than 90% in the case of company use and expects the solution to help the airline industry reduce the overall cost of FX, as forecasts are continuing to improve.
Combining Ant International’s Falcon TST model with Citi’s Findis FX Solution solution, Citi successfully completed FX transactions for one of the top carriers in Asia, reducing the cost of compensating the FX of the body in the initial live transactions.
Sam Hewson, World Sales Head of FX in Citi, said:
“We are constantly evolving our products and solutions to support new cases of use based on our customers’ priorities. Citi’s FX FX solution supports some of the world’s largest e -commerce and travel names, and this innovative solution sees us exploiting the best technological capabilities in the ecosystem to accelerate market cases. “
Kelvin Li, general manager of Platform Tech at Ant International, said:
“This is the first solution developed by the Falcon TST model with a bank partner to serve their customers. It is an important milestone on our trip to use AI for the management of FX for our businesses, partners and also traders. Businesses and industries.”