(18 July 2025 – Singapore) Ant International and Citi have launched a pilot FX hedging program using artificial intelligence (AI) to help clients improve their currency risk management capability.
The program combines Citi’s Fixed FX Rates solution, which is widely used by the banks’ clients in sectors such as eCommerce, with Ant International’s Falcon Time-Series Transformer model, an AI forecasting tool that helps businesses reduce hedging FX costs, according to a joint statement.
Developed with aviation clients as an initial use case, the solution aims to offer greater payment solutions for the airline industry, which processes billions of payment transactions annually. Ant International has already achieved an accuracy rate of more than 90 percent in the company’s own use cases and expects the solution to help the airline industry reduce its overall FX hedging costs as forecast accuracy continues to improve.
“This is the first industry-tailored solution developed from our Falcon TST Model with a bank partner to serve their customers. It’s an important milestone in our journey to leverage AI for FX management for our businesses, partners, and also merchants. The 30% hedging cost savings Ant International has achieved for the pilot airline customer shows the cost efficiency that can be achieved with AI-enabled FX hedging. We are excited to expand the solution with Citi to serve more businesses and industries” stated Ant International GM of Platform Tech, Kelvin Li.
“We are constantly evolving our products and solutions to support new use cases built on our clients’ priorities. Citi’s Fixed FX Rates solution supports some of the world’s largest e-Commerce and Travel names and this innovative solution sees us leveraging best-in-class technology capabilities in the broader ecosystem to accelerate go-to-market use cases” commented Citi Global Head of FX Sales, Sam Hewson.