Banks, vendors mine AI for corporate FX hedging

The
inexorable
advance
of
artificial
intelligence
across
banking’s
backyard
continues.
Now,
banks
and
technology
vendors
are
developing
machine
learning
tools
to
help
support
non-financial
corporates
with
their
foreign
exchange
hedging
decisions.

For
corporate
treasurers,
most
of
their
FX
hedging
is
carried
out
using
manual
processes.
Many
companies
do
not
have
the
same
advanced
technological
processes,
data
scientists
and
trading
strategies
that
the
more
sophisticated
participants
in
the
FX