Ant International is launching a partnership with Barclays, a leading financial institution in the banking sector of the United Kingdom.
As part of the implementation of the mentioned partnership, the efforts of both sides of the collaboration will be aimed at improving the efficiency and sustainability of global treasury management for businesses. In the course of joint activities, Ant and a leading financial institution in the United Kingdom will combine innovative solutions. In this case, among other things, it means Ant’s proprietary Time-Series Transformer (TST) AI FX Model. The mentioned product helps businesses reduce the costs and risks associated with FX, which are observed against the background of global instability.
The interaction has already generated the first result. At the initial stage of the partnership, Ant successfully completed the first batch of intra-group currency transactions with Barclays.
TST is a big data model that has almost 2 billion parameters. This product is based on transformer architecture. As a result of the integration of the latest forecasting algorithms, TST can predict patterns over time.
Moreover, Ant has developed new pre-training systems and Supervised Fine-Tuning (SFT) frameworks. The corresponding brainchild of the company is necessary for the implementation of the process of training its model. Also, in this case, the quality of forecasting from TST is improved.
The mentioned model predicts cash flows and currency risks. This process is carried out hourly, daily, and weekly. The company claims that the accuracy of forecasts exceeds 90%.
Barclays has integrated TST into its currency hedging platform, which is actively used in the e-commerce sector and the functional payments space.
As we have reported earlier, Barclays Estimates AI Could Triple US Data-Centre Usage by 2030.
