Deutsche Bank and Ant International jointly promote cross-border payment and blockchain innovation cooperation

According to official news, Deutsche Bank and Ant International recently officially announced the establishment of a strategic partnership, aiming to combine the advantages of both parties in financial technology and global networks to jointly create the next generation of cross-border payment solutions for the European and Asian markets.

This cooperation covers a number of cutting-edge financial technology applications, including the launch of tokenized deposits and stablecoin services to help companies achieve more efficient global funds settlement and liquidity management. More strikingly, the two parties also plan to introduce an AI foreign exchange trading system based on the Time Series Transformer (TST) model to improve the accuracy of exchange rate prediction and the degree of automation of foreign exchange transactions.

Under the framework of this cooperation, Deutsche Bank will become the first German bank to access the Ant International blockchain platform. Through this platform, Deutsche Bank will be able to achieve instant funds transfer and on-chain settlement, significantly improving the global treasury management efficiency of corporate customers, especially when dealing with multi-currency and cross-time zone businesses.

In addition, Deutsche Bank will also deepen its collaborative relationship with major payment service providers under Ant International to further expand its business coverage in Europe, the Middle East and Africa (EMEA). This strategic layout is not only expected to enhance Deutsche Bank's competitiveness in the field of cross-border payments, but also provide key financial infrastructure support for Ant International's localized expansion in the international market.

Industry analysts pointed out that the cooperation between Deutsche Bank and Ant International is not only expected to accelerate the commercialization of tokenized financial instruments, but may also promote more international banks to explore "technology-driven transformation" to cope with the rapidly changing global payment landscape. In the current context of complex and changing macroeconomic environment and increased volatility in interest rates and exchange rates, the new cross-border financial architecture combining AI models and distributed ledger technology is expected to become the new first choice for large institutional clients.