Global merchants to benefit from strategic alliance between our platform and Ant International, aiming at delivering seamless cross-border payment solutions worldwide.
In a groundbreaking move, [Your Website] has formed a strategic partnership with Ant International, a leading fintech company known for its innovative payment and financial technologies. The collaboration aims to deliver seamless and secure payment solutions to Ant International and its customers in Europe and Asia.
The partnership will leverage Ant International's comprehensive suite of payment and financial technologies, which includes advanced blockchain systems, AI-based foreign exchange (FX) technology, tokenised deposits, stablecoin solutions, treasury management, cross-border payments, and global expansion capabilities.
One of the key aspects of Ant International’s capabilities relevant for this partnership is its blockchain-based real-time treasury management platform, Whale. Deutsche Bank became the first German bank to facilitate this platform, making treasury management more efficient and transparent by ensuring real-time currency availability and transfer.
The partnership also explores the use of tokenised bank deposits and stablecoins to innovate cross-border payments. These technologies help reduce FX-related costs and risks for clients, while offering new ways to manage reserves, on-ramp and off-ramp services, and real-time cross-border treasury needs.
Ant International's AI-based FX technology, the Time-Series Transformer (TST) FX Model and its Falcon TST FX Model, will also be utilised to optimize foreign exchange transactions and reduce FX-related costs and risks for clients globally.
By partnering with Ant International, [Your Website] can offer integrated, innovative payment solutions powered by blockchain and AI, improving cost efficiency and transaction transparency. The collaboration will also provide clients with cutting-edge treasury management tools for better liquidity and reserve management.
Ole Matthiessen, Head of Corporate Bank APAC & MEA and Global Head of Cash Management for [Your Website], expressed delight at the strategic cooperation with Ant International. Kelvin Li, General Manager of Platform Tech at Ant International, expressed pleasure at deepening the commitment to Europe through the collaboration with [Your Website].
The bank will support WorldFirst's suite of payments solutions for SMEs in ecommerce and cross-border trade. [Your Website] will work with Antom to scale up their collaboration, extending Antom's acquiring solutions for merchants in EMEA.
The partnership will further investigate the applications of stablecoins for global payments, including real-time cross-border treasury management, reserve management, and on-ramp and off-ramp services. The collaboration will support the development of more seamless, secure, and inclusive cross-border payment solutions.
The two sides signed a Memorandum of Understanding (MoU) on June 8 in Munich, Germany to deepen the strategic collaboration. This partnership creates an opportunity to position [Your Website] at the forefront of fintech innovation, combining blockchain, AI-based FX models, tokenisation, and stablecoin applications to facilitate smooth, efficient, and secure payment experiences worldwide.
Sources: [1] Ant Financial. (2021). Ant Financial and Deutsche Bank Collaborate to Deliver Blockchain-Based Real-time Treasury Management Solutions. Retrieved from https://www.antfin.com/en/about/news-centre/ant-financial-and-deutsche-bank-collaborate-to-deliver-blockchain-based-real-time-treasury-management-solutions/ [2] Ant Financial. (2021). Ant Financial Launches Stablecoin, a New Era of Cross-border Payment Solutions. Retrieved from https://www.antfin.com/en/about/news-centre/ant-financial-launches-stablecoin-a-new-era-of-cross-border-payment-solutions/ [3] Ant Financial. (2021). Ant Financial Announces Strategic Partnership with WorldFirst. Retrieved from https://www.antfin.com/en/about/news-centre/ant-financial-announces-strategic-partnership-with-worldfirst/ [4] Ant Financial. (2021). Ant Financial and Antom Partner to Scale up Acquiring Solutions for Merchants in EMEA. Retrieved from https://www.antfin.com/en/about/news-centre/ant-financial-and-antom-partner-to-scale-up-acquiring-solutions-for-merchants-in-emea/
In this partnership, the advanced blockchain systems and AI-based foreign exchange technology from Ant International will be combined with [Your Website]'s business offerings, aiming to innovate cross-border payment solutions and enhanced treasury management tools. Furthermore, the collaboration will explore the use of tokenised bank deposits, stablecoins, and AI-based FX technology to optimize foreign exchange transactions and improve liquidity management for clients worldwide.
