Pelican, a global provider of payments and financial crime compliance solutions to banks and corporates, has announced the live ‘beta’ launch of its pan-European API Hub for banks. This builds upon the recent formation of subsidiary company PelicanPay, an API interoperability platform specially tailored for fintechs and Third-Party Providers (TPPs).
The Pelican API Hub (pelicanpay.com/developers) provides banks seeking to adhere to or participate in open banking initiatives, with a truly pan-European API interoperability service, capable of connecting to over 6,000 banks through a single API. In addition, it enables banks to rapidly develop their own innovative solutions or implement specific custom API requirements.
The Pelican API Hub will be of particular interest to established banks seeking to rapidly deploy their own innovative TPP solutions, or that have a requirement to offer multiple API standards.
Parth Desai, founder and CEO of Pelican, commented: “The Pelican API Hub enables banks to reach a European-wide market through a single API of their choice. The beta access programme launched today allows banks to work with the Hub and better understand how a pan-European API conversion and aggregation platform can benefit their business. The advantages go far beyond API interoperability. By using the highly functional Pelican API Hub, banks are able to rapidly build their own innovative solutions, and indeed operate themselves as Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs).”
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 delivers outstanding efficiency benefits and cost savings to its customers in over 55 countries. To date, Pelican has processed more than one billion transactions worth over US$5 trillion. Pelican is a global company with offices in New York, London, Dubai, Mumbai and Hong Kong. For more information, visit www.pelican.ai