Integrated Payments and Compliance
Our comprehensive and integrated payments and compliance solution provides banks with a complete digital platform for the open and instant environment to innovate, compete and quickly gain market share.
Scalable & technology-agnostic
Our solution is modular and scalable using cloud, on-premise, or hybrid deployment while allowing efficient and resilient operations and compliance with high throughput.
Easy integration
Integrated, any-to-any payments and messaging Hub for all banks and payments and statement transaction types.
Digital Payments Hub
Next-generation payments and compliance suite
Payment systems worldwide are undergoing significant transformation due to ISO 20022 and the introduction of real-time (or Instant or Fast) payments.
Cross-border payments, High value (RGTS) payments, and instant payments along with many ACH systems like SEPA, will all be using ISO 20022 based message formats, globally. This means by 2026, 80% of global payments will be in ISO 20022 format, especially for major currencies. This will significantly transform the payment landscape. All banks and vendors will be able to provide SWIFT, faster or instant, RTGS, and ACH payments in ISO standard formats. With the popularity of scalable cloud technologies, containerisation and microservices, scalable payment platforms will be “standardised” and commonplace.
In addition, due to increasing fraud and financial crime, regulators are increasing the number of checks for sanctions screening, AML, KYC, and fraud. This means an efficient, integrated, and seamless financial crime compliance check is now a mandatory requirement within any payment solution – on-cloud or on-premise.
Pelican AI provides one comprehensive component-based integrated system to manage payments, compliance, and fraud checks. This allows for a single view of all data, enabling corrective action to meet strict processing times, along with the ability to have one common view of the customer transactions for both payments and compliance. (Essential for Faster or Instant payments.)
Pelican AI’s Digital Payments Hub allows banks to be highly efficient in their processing environment and compete with Fintechs and other banks at the same time as effectively meeting regulatory requirements with very low false positives and all within one single instance of Pelican.
Instant Payments
Digital Payments Hub can also provide a standalone Instant Payment processing platform for built-in real-time payments and compliance. It allows banks to add immediate payments functionality to their current infrastructure while retaining existing investments in legacy systems, providing quick access to the liquidity and service benefits of real-time transactions - without the traditional implementation challenges and costs.
Value-Added Components
As part of Digital Payments Hub, Pelican offers several value-added components for a comprehensive and integrated payment processing environment.
Integrated Compliance
Leveraging the Al disciplines of NLP and Machine Learning, Pelican Secure Enterprise Sanctions Screening is a market-leading financial crime compliance solution.
Real-time features
- Supports multiple instant payment schemes for connectivity and payments processing.
- Integrated with Pelican's compliance filter for real-time payments and FCC solution.
- Full end-to-end solution with integrated APls.
- Account mirroring and validation - providing a stand-in mode bridging the gap of core systems that are not 24 x 7 x 365.
Pelican Secure Suite
Compliance challenges. Solved.
The threat landscape for global payments has grown in reach, volume, and complexity. Anti-money laundering sanctions obligations and fraud detection are part of a broad compliance challenge across payments and trade finance. Recent breaches at banks across multiple regions have resulted in severe financial losses and hefty fines due to weaknesses in financial crime prevention controls.
Key Highlights
Pelican Secure is a comprehensive suite of AI-powered Financial Crime Compliance solutions protecting all stages of the payments, trade and transaction lifecycle – comprising four modular solutions covering:
- Watchlist and sanctions screening
- AML transaction monitoring
- Payments fraud detection
- Trade digitisation, automation, and compliance
Compliance Features
- Sanctions check all your counterparties, payments and trade using Pelican's Al-powered filtering solution.
- Supports all existing corporate message and file formats - no need to convert them.
- Financial Crime detection; analysing patterns of behaviour to identify fraud, AML and TBML.
- Uses cutting-edge machine learning techniques to identify and alert new AML and fraudulent patterns before it's too late.
- Improve efficiency with significantly reduced false positives.
Open Banking Platform
Pelican AI offers an integrated Open Banking solution as a value-add component of our Digital Payments Hub. Our Open Banking solution offers connectivity to over 4,000 banks in Europe, regardless of the standard they are using.
Pelican AI offers a ubiquitous API interoperable platform, where banks can support one standard while having the ability to send and receive API calls in multiple standards without impacting the back office or expensive one-to-one API connectivity (and associated maintenance challenges).
Find Out More
Built for simplicity and scalability, you can integrate Pelican in as little as four weeks. Reach out and our global team will help you find the right solution for your business.
Brochures and Datasheets
For more information download our brochure now.
Related resources & information
Article: Real-time forensics & cognitive automation—How AI is set to transform banking payments.
Learn More >Solutions: Converting obligation into opportunity: Rapid API and product deployment solutions.
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