Standard Chartered and Ant Launch AI-Powered FX Solution
Standard Chartered and Ant International have joined forces to roll out an artificial intelligence-powered treasury and FX management solution. The collaboration promises to cut costs, improve forecasting, and make global transactions smoother than ever.
Both companies are active participants in the Monetary Authority of Singapore’s PathFin.ai programme, which explores how AI can transform financial services. Their new venture highlights Singapore’s growing role as a hub for AI-driven innovations in banking and treasury management.
The initiative expands on a longstanding blockchain-focused partnership between the two firms. This latest effort zeroes in on lowering FX costs and enhancing risk management, with the integrated platforms enabling real-time, 24/7 FX forecasting through seamless data exchange.
Powering Standard Chartered’s FX Automation Programme
Jointly developed with Ant International, the integrated solution is part of Standard Chartered’s broader FX Automation Programme. The programme supports multi-currency booking and international vendor settlements around the clock, helping businesses mitigate costs and navigate FX volatility with confidence.
By combining Falcon TST with SCALE, Standard Chartered can now forecast Ant International’s FX exposures with over 90 percent accuracy. This level of precision allows the bank to better manage risks and lower clients’ FX hedging costs – all in real time, around the clock.
Shaping the Future of Treasury and Payments
As the volume of global transactions accelerates, Standard Chartered and Ant International are committed to pushing the boundaries of technology. Their collaboration marks a step-change in how businesses can manage liquidity and FX strategies, promising more efficient, secure, and intelligent cross-border payments.
