Ant Group launches a dedicated financial AI model, adopted by major banks such as HSBC, Standard Chartered, and Citibank.

As global financial institutions accelerate the adoption of specialized artificial intelligence (AI) to manage liquidity risks, Ant International, a subsidiary of Ant Group, has launched the upgraded AI model "Falcon Time-Series Transformer Model 2.0," attracting several major global banks. Kelvin Li, General Manager of Technology at Ant International, stated that Ant International has partnered with six major banks, including Citibank, HSBC, Deutsche Bank, Standard Chartered Bank, and Barclays. This model is specifically designed for financial scenarios and has advantages over general-purpose large models, as the latter has yet to achieve universal breakthroughs in the financial industry, while precise predictions can reduce foreign exchange hedging and allocation costs by over 60%.