Ant International streamlines AI for secure, cost-effective cross-border transactions
The initiative is designed to help merchants.
Ant International has expanded its AI capabilities to enhance and secure cross-border transactions for merchants across more than 200 markets globally.
The company’s AI-powered FX model can predict currency exchange rates on an hourly basis, providing more precise forecasts for inbound and outbound transactions.
This model is designed to reduce transaction costs for merchants and allows for human intervention if discrepancies arise, preventing over-reliance on AI.
Meanwhile, to counter security threats from deepfake technology, Ant International also developed an anti-deepfake electronic Know Your Customer (e-KYC) tool with an interception success rate exceeding 99%.
“Integrating AI into cross-border transaction processing is crucial for strengthening global trade, particularly for SMEs that previously could not afford real-time settlement services. Deploying AI in merchant services not only boosts operational efficiency but also enhances fraud detection to combat emerging threats, like deepfake scams,” said Yang Peng, CEO of Ant International.