Single dashboard management

The need to manage and integrate several different payment infrastructures across multiple territories while ensuring ever-chaning compliance obligations are adhered to, can be complex and costly. The expansion of instant payment schemes and increased customer expectations, place further burdens on existing legacy sytesms. 

PelicanPayments provides organisations with a single centralised global Payments Hub - automating lowest-cost routing, integrated compliance and fraud detection, and advanced message repair to achieve the highest levels of efficiencies and reduced operating costs.

Hub features

• Any-to-any messaging hub for all banks and clearing channels.
• Automated file management, reformatting and routing direct to clearing banks.
• Fully automate all payments, collections, exceptions and reporting with complete visibility and control.
• Connects to any core banking or back-office system.
• End-to-end cash visibility and reporting, with full reconciliation for nostro network and liquidity management.

Straight Through Processing

The unique Artificial Intelligence (AI) foundation of the PelicanPayments platform enables intelligent contextual understanding along the payments chain, elevating automation above the capability of standard rules based systems. 

Using advanced AI techniques for matching unstructured text, the STP solution is an intelligent repair, routing, reporting and revenue generation platform that drastically increases capacity and reduces cost.

STP features

• Highest STP rates using Natural Language Processing for complex payment repairs.
• Auto-routing, based on content and business objectives.
• Self-learning - learns from operator for high STP rates.
• Increased correspondent banking revenue using AI to integrate billing and payments systems.

Real-Time Payments

PelicanFast is the in-built real-time payments and compliance functionality within PelicanPayments.

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.

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 APIs.
• Account mirroring and validation - providing a stand-in mode bridging the gap of core systems which are not 24 x 7 x 365

Open API Architecture

The Pelican Open Banking API solution provides a comprehensive suite of dynamic API capabilities for ASPSPs and third party providers (TPPs) seeking to adhere to or participate in open banking initiatives such as the revised Payment Services Directive (PSD2) in Europe and the Open Banking Standard (OBS) in the UK.

Open Banking features

• API conversion and aggregation service removing the need to support multiple APIs.
• Platform to enable secure sharing of data over API with TPPs.
• AI and Data analytics powered solution enabling you to harness and manage/monitor/monetize your data.
• Integrates quickly and easily with existing legacy systems -no need to rip and replace.