Sepang, Malaysia – Capital A has entered into a collaboration with Ant International to enhance AirAsia’s treasury operations and customer experience through the application of AI-powered foreign exchange (FX) solutions.
The partnership centres on Ant International’s Falcon time-series transformer (TST) model, a proprietary system designed to optimise FX management.
By integrating this model, AirAsia can strengthen its ability to manage cash flows across multiple currencies, achieving greater accuracy in forecasting FX exposure and liquidity needs. This has contributed to more efficient hedging strategies and operational scalability across the airline’s treasury functions.
“Our collaboration with Capital A marks the first commercial deployment of Falcon,” Kelvin Li, general manager of platform tech at Ant International, shared.
“The results demonstrate how innovation, technology, and institutional-grade execution solve real-world FX challenges and reshape cross-border payments.”
The Falcon model leverages extensive data inputs—comprising billions of parameters, including travel-related data from online travel agencies and carriers—to predict currency trends and market movements with high precision.
For AirAsia, this has translated into a more data-driven approach to FX management, enabling improved pricing stability and reduced exposure to currency volatility.
“Through our partnership with Ant International, we are able to reduce hedging costs by 40%,” Aireen Omar, group chief executive officer at BigPay, commented.
“This helps us immensely as Capital A processes massive multicurrency volumes every day, and the Falcon platform updates FX rates twice daily, providing great margin management capability.”
Through Ant International’s AI-enabled infrastructure, the solution integrates directly with Capital A’s banking partners’ fixed FX rate systems, streamlining transaction processing and ensuring more consistent exchange rate execution.
The technology has also been instrumental in lowering AirAsia’s hedging expenses, enhancing the company’s capacity to maintain competitive fare pricing.
This deployment marks the first airline-specific adaptation of Ant International’s Falcon platform, reflecting an expansion of the firm’s AI capabilities into sector-focused treasury solutions.
Ant International has indicated that such technologies could deliver further efficiencies across the aviation sector by significantly reducing FX-related costs in cross-border transactions.
Both organisations plan to continue developing additional treasury and fund management innovations through Ant International’s Bettr Treasury Platform, aiming to provide more transparent and automated financial management tools for global enterprises.
