archiveforeign exchange solutions

Citi and Ant International team up to launch AI FX tool to reduce hedging costs
AIArtificial IntelligenceIn the News

Citi, Ant International Launch AI FX Tool to Help Clients Trim Hedge Costs

In what could be a transformative development for how organizations handle their foreign exchange (FX) risk, the colossal global banking group Citigroup (Citi) and Ant International, Alibaba Group’s digital cross-border payment arm, have co-launched an innovative pilot program for an AI-based FX pricing solution. The new product hopes to assist...