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Visa, Mastercard, and Ant International announced on September 10 that they will collaborate on a Know-Your-Agent interoperability framework designed to verify and onboard AI shopping agents across payment networks, a step toward enabling software to make purchases on behalf of…

Ant International, Visa and Mastercard announced Thursday they have begun collaborating on a Know-Your-Agent interoperability framework, an effort to create common standards for identifying and verifying AI agents that make purchases on behalf of consumers and businesses.

Ant International on Thursday rolled out an upgraded artificial intelligence model designed to forecast foreign exchange risk, partnering with six major global banks as financial institutions race to embed specialized AI into their core operations.

Ant International, the Singapore-headquartered global arm of Jack Ma-backed Ant Group, has completed a Series A financing round of approximately $1.2 billion to fuel its expansion in cross-border payments and artificial intelligence-enabled commerce.