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53 St. George's Road
London
GB

Telephone

+44 (0) 20 8947 7200 Mobile: +44 (0) 7753 816 881

Contact

Tim Dawes
[email protected]

Pelican Payments Compliance

Pelican offers outstanding support in meeting your compliance obligations and protecting your business against financial and reputational risk. Payments Compliance comprises of a range of different functions which comprehensively cover sanctions filtering against any list and anti-money laundering, and is deployed on a modular basis to suit each bank’s compliance needs.

All actions taken by the system and its users are auditable, providing detailed explanations for positive and negative decisions in order to full satisfy regulatory requirements in the most efficient way.

In a recent survey,* over 50% of people responded that there are many inefficiencies in their payments business or compliance operations. At the same time, nearly 80% felt that AI could help reduce inefficiencies and increase revenue and profitability across all of these areas.

Did you know that Pelican are the pioneers of the application of AI into compliance and the payments life-cycle? We are already leveraging it in our relationships with global and regional banks, helping them move beyond simple automation and dramatically transform the way they operate. By deploying intelligent, future-proofed solutions, banks can address the continuing deluge of regulatory and business challenges they are facing with confidence and deliver higher levels customer satisfaction than ever before.

AI has the potential to revolutionise payments compliance. It can deliver unprecedented levels of accuracy, operational efficiency and protection that compliance officers are striving for.

*Source: Finextra survey – Leveraging artificial intelligence for payments efficiency

Payments Compliance – Benefits 

  • Near Zero False Positive Rate (FPR) by leveraging the AI discipline of Natural Language Processing (NLP) to derive meaning from payments
  • Harnessing Machine Learning to better protect your organisation against new and emerging threats – the Pelican platform can adapt its actions once it detects behavioural patterns
  • Achieves contextual understanding of payments to make compliance decisions based on their purpose, bolstering your three lines of defence

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