Pelican launches ‘Innovation Hub’ fintech partnership model for banks

by PaymentsJournal 0

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Pelican Innovation Hub enables banks to rapidly scope, prototype and deploy digital payments solutions leveraging the potential of artificial intelligence

TORONTO – 17 October 2017 – Pelican, a global provider of Artificial Intelligence powered payments and financial crime compliance solutions for banks and corporates, today announced the launch of the Pelican Innovation Hub. The Innovation Hub is a partnership model that gives banks a rapid and cost-effective means to explore new product opportunities, from proof of concept, prototype development, to final production and service deployment, either on cloud or on premise.

The Pelican Innovation Hub incorporates multiple technologies including the artificial intelligence (AI) disciplines of machine learning and natural language processing, real-time payments, open APIs, and omni-channel UX. It leverages Pelican’s extensive heritage in AI disciplines, alongside over two decades of expertise in payments and banking, to provide a highly functional and proven development partnership environment.

Speaking at the Pelican Stand at the SWIFT SIBOS conference in Toronto, Parth Desai, founder and CEO of Pelican, said: “At Pelican, we pride ourselves on our long-standing partnerships with banks across the globe, helping them on their digital journey to innovate and enrich their own service offerings. The Pelican Innovation Hub opens up this proven and agile integrated technology platform to banks – enabling them to rapidly scope, prototype, and deploy their own innovative solutions and services using the power of AI.”

Bill North, Global Head of Sales for Pelican, added: “With the rapid pace of payments innovation and new entrants to the marketplace, we have seen more banks looking to partner with proven fintechs to help them deliver agile and innovative solutions to their customers. The Pelican Innovation Hub allows banks to benefit from our unique technology heritage and unrivalled payments and compliance experience. Banks can partner with the Pelican Innovation Hub through a flexible subscription model on a use-case basis, enabling rapid scoping, prototyping and product development.”

Pelican’s Innovation Hub leverages the technology strengths of the modular PelicanPlatform, including advanced real-time and API integration capabilities and omni-channel customer delivery points, from established platforms such as web and mobile, along with emerging interfaces such as voice interaction and transaction initiation. These are combined with a powerful transaction management layer built and refined over the last two decades, incorporating workflows, analytics, cloud and mobile.

About Pelican

Pelican provides banks and corporates with solutions that enhance, streamline and secure the payments life-cycle. With over twenty years of expertise in the practical application of Artificial Intelligence technology to payments and financial crime compliance, Pelican partners with its customers to deliver innovative and agile solutions and drive growth. To date, Pelican has enabled outstanding efficiency benefits and increased speed to market for customers in over 55 countries, processing more than one billion transactions worth over US$5 trillion. Pelican is a global company with offices in New York, London, Amsterdam, Dubai, Mumbai and Hong Kong.