The news is about AI tooling adoption by large banks rather than a direct, company-specific operational or earnings catalyst for Bank of America. It is still directionally positive for the sector’s AI/fintech investment environment, but linkage to BAC is indirect (BAC not explicitly named in the article excerpt).
Citi, HSBC, StanChart adopt Ant International’s forex AI tool A logo of Ant Group at its booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 10, 2025. REUTERS/Maxim Shemetov · Reuters By Selena Li Thu, August 20, 2026 at 4:19 AM GMT+2 1 min read By Selena Li HONG KONG, Aug 20 (Reuters) - Ant International launched an upgraded version of its artificial intelligence model on Thursday, signing up major global banks as financial institutions accelerate the adoption of specialised AI to manage liquidity risks. The Singapore-based fintech giant rolled out its Falcon Time-Series Transformer Model 2.
0 and has partnered with six large banks including Citi, HSBC, Deutsche Bank, Standard Chartered, and Barclays, according to Kelvin Li, the firm's general manager of platform tech. The launch comes amid an accelerating global race among financial institutions to embed AI into their core operations. Li said the model specialises in financial scenarios and has an edge over general-purpose large models, which have "yet to achieve a universal breakthrough in the financial sector.
" "Precise forecasting can slash foreign exchange hedging and allocation costs by over 60%," Li said. Ant International, an overseas affiliate of the Jack Ma-founded Chinese fintech firm Ant Group, raised $1. 2 billion last month in its latest equity fundraising as it seeks to expand.
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