The TST model is able to forecast cashflow and FX exposure with more than 90% accuracy, helping businesses reduce FX-related fees.
Ant International partnered with UK bank Barclays to enhance global treasury management efficiency, combining innovative solutions including Ant’s proprietary Time-Series Transformer (TST) AI FX Model to reduce FX-related costs.
Ant International has currently successfully completed the first batch of its intra-group FX transactions with Barclays.
The TST Model is a transformer architecture-based big data model with close to 2 billion parameters. By integrating the latest time series forecasting algorithms, the TST Model predicts patterns over time. Ant also created new pre-training and Supervised Fine-Tuning (SFT) frameworks to train the model and improve its predictions over time.
The model is able to forecasts the company’s cashflow and FX exposure on an hourly, daily
and weekly basis, with around 90% accuracy, enabling more accurate predictions of trading
volumes and reduces unnecessary hedging. This lowers its hedging costs and overall FX costs.
Barclays integrated the TST Model into its FX hedging platform, BARX NetFX, which broadly
serves the e-commerce and payment industries. This enables the bank to lower its hedging costs, which Ant International then leverages this cost efficiency in its FX quotes for businesses, offering competitive rates and maintaining relative price stability for major trading currencies including EUR and USD.
“Ant International has been a valued and long-standing partner of Barclays, and we were thrilled to work together on this innovative solution,” said Ben Parkinson, Head of Global Fintech & FX Automation Sales at Barclays.
“This collaboration reflects the strong relationship and mutual trust between our teams. Their state-of-the-art AI model has improved the accuracy of forecasting cash flows and helped us optimise the FX hedging process.”
Kelvin Li, General Manager of Platform Tech at Ant International, said: “The results that we have achieved by combining Barclays’ advanced banking capabilities with Ant International’s innovative
solutions demonstrate how technology can enhance the way businesses manage their global
liquidity, by enabling more efficient FX transactions.”
“This collaboration is a strong testament to how Barclays is dedicated to evolving alongside
our partners, by harnessing our complementary strengths to enhance our offerings and
deliver more impactful solutions,” said Pushkaraj Gumaste, Head of Corporate Banking,
Asia Pacific & Middle East, Barclays.
Both companies aim to enhance the solution to cover more currencies and serve more business needs.
