According to PANews, ING Group has begun using artificial intelligence (AI) for currency pricing, and said that AI's pricing ability is stronger than that of humans.

Simon Bevan, global head of electronic trading at ING, noted that the new artificial intelligence model uses "reinforcement learning" technology to mimic the human trial and error process in order to make pricing decisions that adapt to market fluctuations.

The move by artificial intelligence, which previously was a crucial but time-consuming job for London's trading teams, is ING's latest attempt to develop cutting-edge technology to reduce operating costs and stay competitive in the $7.5 trillion global currency market.

In the future, ING will further improve the efficiency of artificial intelligence and reduce its dependence on traders.