Pelican AI
Key Data
- Trading Name: Pelican AI
- Legal Entity: ACE Software Solutions Inc
- Activities: AI-powered solutions for payments
- Location: USA
- Regulations: none
- Key People: Parth Desai
- Latest news: Pelican AI
- Latest update: October , 2024
Pelican AI is a global provider of AI-powered solutions for payment processing and financial compliance. The company offers a suite of products designed to streamline and enhance the payment lifecycle, with a strong focus on real-time transaction processing, fraud prevention, and regulatory compliance.
Offering
Key Features and Services:
- AI-Powered Payment Solutions: Pelican AI offers AI-based payment processing tools that improve the efficiency and accuracy of financial transactions. These tools help organizations manage high transaction volumes and reduce operational costs through automation and optimization of payment workflows.
- Fraud Detection and Compliance: The platform integrates advanced fraud detection capabilities using AI to monitor payment activities in real-time. Pelican’s compliance solutions also ensure that businesses meet financial regulations such as AML (Anti-Money Laundering) and sanctions screening.
- Open Banking Hub: Pelican’s Open Banking solution connects businesses to a wide network of over 6,000 banks across Europe. It supports multiple payment schemes and facilitates seamless integration with the global banking ecosystem.
- Real-Time Payment Processing: By leveraging AI, Pelican AI enables real-time transaction monitoring and payment routing, ensuring speed and accuracy in cross-border and domestic payments. Their AI tools also help reduce the cost of ownership (TCO) by optimizing transaction paths and minimizing delays.
- Cloud-Based and On-Premise Options: Pelican AI offers flexibility in deployment, providing cloud-based, on-premise, or hybrid options depending on the needs of the client. This allows organizations to choose the most suitable infrastructure for their operations
Serving Industry
Pelican AI is widely used by banks, financial institutions, and fintech companies to improve payment infrastructure, prevent fraud, and automate compliance processes.
Ragulation
While Pelican AI is not a regulatory body itself, it provides tools to ensure its clients meet their regulatory obligations. For instance, its AI-powered compliance tools help financial institutions stay compliant with international regulations on financial crime prevention.
Key People
Pelican AI was founded and is led by Parth Desai, who serves as the Chairman and CEO. Parth Desai has over 25 years of expertise in AI technology applied to payments, compliance, and financial crime prevention. His background includes experience as a research scientist and an academic connection with Georgia Tech and IIT, Mumbai.
Other key executives include:
- Ketan Shah, Head of Technology
- Peter Theunis, Global Head of Sales
- Mahesh Patankar, Head of Global Pre-Sales & Director of Business Development (APAC)
- Saumitra Naik, Head of Global Delivery
Customer Reviews
At this time, there appear to be no significant customer reviews or feedback directly available for Pelican AI on popular review platforms.
Conclusion and Rating
Risk Rating: ORANGE
Pelican AI presents medium risk. While it has strong partnerships with top banks like Santander and BNY Mellon, the lack of substantial customer reviews and transparency around financial stability raises caution.
Key Points:
- Customer Feedback: Limited user reviews, making it hard to fully assess client satisfaction
- Market Reputation: Well-regarded, strong industry partnerships.
- Financial Stability: No public data on solvency or credit ratings.
- Security: Robust AI-driven compliance and fraud detection systems.
Conclusion: Pelican AI is reputable but has some transparency gaps. Clients should exercise caution and conduct thorough due diligence.
