Citigroup and Ant International launch AI pilot program to manage FX risk. Combining Citi’s Fixed FX Rates solution with Ant International’s AI forecasting tool. Program already used in live transactions, achieving 30% hedging cost savings for Asian airline. Ant International aims to expand solution with Citi to serve more businesses and industries. Ant International, an affiliate of China’s Ant Group, provides global digital payment and financial technology solutions. Citi rolled out new AI tools globally six months ago, while other large banks use AI tools in targeted ways, like chatbots and virtual assistants.

Read more at Yahoo Finance: Citi, Ant International pilot AI-powered FX tool for clients to help cut hedging costs