Standard Charged and Ant International launched a new solution to the Ministry of Treasury and Artificial Intelligence, which works with intelligent and FX Management, which combines the Ant’s TST time series of ANT with the bank’s combined liquidity engine (scale).
Companies said in a press statement that cooperation expands their partnership from Blockchain to global criticism management that supports artificial intelligence, with the aim of reducing foreign exchange costs and improving risk management for its customers and customers.
Both companies participate in the Pathfin.ai program in the monetary authority, which seeks to enhance the dependence of artificial intelligence in financial services.
It is said that the common system can exchange data in actual time and FX, which works with attention bonus, with a standard clarification that integration allows it to predict exposure to ANT FX accurately more than 90 percent.
This, in turn, is expected to help manage risk more effectively and reduce the hedge costs for customers.
Falcon now predicts the ANT and FX flow on every hour, weekly and weekly, as it processes more than 60 percent of ANT transactions and reducing FX costs by up to 60 percent.
“Our recent cooperation with Ant International determines the path of an innovative approach to FX management and risks and the costs of Ant International and its world’s customers,” said Madhu Menon, the global president of SC Priscfx sales at Standard Charder.
“By integrating the strong banking capabilities of Standard Charged with Ant International solutions, we can enhance the way companies run their global liquidity and FX strategy,” added Keelvin Lee, General Manager of Platform Tech at Ant International.
The partners said they would continue to expand their cooperation with the high border transactions.