Pelican

Pelican Transaction Banking

Pelican Transaction Banking offers intelligent, end-to-end transaction automation which delivers exceptional levels of efficiency. This leads to drastically reduced costs and creates opportunities for increased profitability.

Working in harmony with existing payment components, Pelican handles file management and routing, while its flexible, rules-based framework also creates a platform for banks to quickly launch innovative new products and implement differential pricing.

In a recent survey,* over 50% of people responsible for Transaction Banking responded that there are inefficiencies in their payments business or processing 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 the payments life-cycle? We are already leveraging it in our relationships with global 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 in payments has the potential to revolutionise the transaction banking industry. It can deliver unprecedented levels of accuracy, speed and efficiency that consumers, companies and corporates now expect of the user experience they receive from their bank.

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

Pelican Transaction Banking – Benefits 

• Higher STP rates by leveraging the AI discipline of Natural Language Processing (NLP) to derive meaning from payments and automate repairs. Our clients enjoy an average STP rate of 94%
• Consistent seamless payments processing, harnessing Machine Learning so the Pelican platform can adapt its actions once it detects behavioural patterns
• Achieves contextual understanding of payments so banks can implement bespoke pricing strategies and intelligent routing