Ant International, a spin-off from Ant Group, has launched an agentic artificial intelligence (AI) tool called the Alipay+ GenAI Cockpit, to deliver more efficient payments and compliance capabilities in the financial services industry.
The Singapore-based company said the tool, described as an AI-as-a-Service (AIaaS) platform, enables fintech companies to build agentic AI systems as well as “AI-native financial services” for facilitating payments and compliance checks. Ant Group is the fintech affiliate of Alibaba Group Holding, owner of the South China Morning Post.
AI agents are programs that are capable of autonomously performing tasks on behalf of a user or another system. Essentially, these agents create a plan of specific tasks and subtasks to complete a goal using its available resources.
“The FinAI sector is at its big-bang moment,” Jiangming Yang, chief innovation officer of Ant International, said in a statement. “We are eager to work with the industry to evolve and expand the toolbox as well as this ecosystem to help financial businesses scale their growth faster and better.”
Applying AI to the finance world is the “holy grail of the current AI revolution,” according to Ant.
The latest initiative of Ant International reflects efforts of Big Tech firms to leverage their AI expertise to provide tools that will keep value chain partners in their ecosystems.
