PELICAN REPORTS 30 PERCENT GROWTH IN 2016 AS INTELLIGENT PAYMENT MANAGEMENT GRABS INDUSTRY INTEREST

Fintech firm wins new customers and expands global team

Pelican, the provider of Intelligent Payments Management (IPM) solutions for Banks and Corporates, reports a 30 percent year on year revenue growth since 2015, reflecting the industry’s desire to see more advanced solutions in the payments arena.

The company has seen unprecedented momentum in the past 12 months, having re-branded and launched its artificial intelligence-based Intelligent Payments Management initiative. This affirms its dedication to providing solutions to both banks and corporates. Pelican also added a number of new clients in 2016, including Maltese bank Banif and a global advertising conglomerate on the SaaS platform.

In November, the company achieved major certifications and accreditations. SWIFT certified Pelican as a third party supplier to corporates for treasury and for cash management, alongside TRUSTe and ISO 27001 accreditation encompassing data privacy and security for its SaaS divisions. In a final boost, Fintech Finance awarded it second place in the Best in Digital Transaction Banking category at its inaugural awards.

Parth Desai, founder and CEO of Pelican, said: “This has been an exciting year for Pelican and there is a great appetite within the industry to eradicate payment inefficiencies and streamline operations. Through IPM, we enable banks and businesses to reduce the time and expense involved in dealing with management or compliance issues while improving the effectiveness of their overall operations. To continue to support our aggressive growth plans we have strengthened the executive team with the appointment of Yoyo Wallet’s CEO Alain Falys, Wipro’s John Quamina and business and marketing consultant Clare Walsh.

During the course of 2016, Pelican appointed Tristan Blampied from HSBC as its Senior Product Manager to manage the continual advancement of the overall product portfolio, with a focus on using emerging technologies that can meet the changing requirements of customers and the SaaS platform. The company also expanded its business development capabilities having recently announced the appointments of Thibault De Luzan as Business Development Director, EMEA, and Jaswant Chauhan who joins from Misys as a pre-sales consultant.

Bill North, Head of Global Sales at Pelican, said: “With our experienced and dedicated team, we are even better positioned to deliver game-changing capabilities for both banks and corporates as we look into 2017. With an ever changing regulatory landscape, we predict compliance and fraud prevention to be two key issues in the new year and beyond. These themes were highlighted in recent research we undertook looking at how artificial intelligence can be applied to deliver Intelligent Payments Management. Pelican will be at the forefront of tackling this issue on a global scale.”

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