Citigroup and Ant International Leverage AI for FX Risk Management

Citigroup has partnered with ANT International, an affiliate of China's Ant Group, to enhance foreign exchange risk management using artificial intelligence. The collaboration integrates Citi's Fixed FX Rates solution with Ant's Falcon Time-Series Transformer model, an AI-powered forecasting tool boasting nearly 2 billion parameters.

Originally developed for aviation clients, the pilot program has demonstrated significant potential in reducing hedging costs for online ticket sales. Major Asian airlines have already utilized the system in live transactions, with measurable cost reductions achieved.

Kelvin Li, Ant International's Platform Tech general manager, emphasized the cost efficiency enabled by AI-driven FX hedging. The partnership aims to expand these solutions across more industries beyond its initial aviation focus.