Parth Desai Founder and CEO at Pelican
Open Banking is a powerful opportunity for both established banks and new fintech market entrants to develop and deliver impactful and empowering payments and financial services to consumers and businesses alike. It has been estimated that PSD2 has the potential to create a revenue opportunity of at least £7.2bn by 2022 across retail and small-bus...
26 March 2019 /ai Open Banking
The almost unceasing reports of major cyber hacks should be incentive enough to ensure that financial institutions reassess existing fraud protection for their payments systems. Recent official warnings could scarcely be starker, with Prof Richard Benham, chairman of the National Cyber Management Centre, predicting that “a major bank will fail as ...
01 March 2017 /payments Payments strategies 2015-2020-2030
Parth Desai, CEO and Founder of Pelican, discusses why AI is already a fact and not fantasy. He highlights why financial institutions and corporates need to get on board now – or risk getting left behind. A great many businesses have been hesitant in exploring artificial intelligence (AI) in their operations, believing it to be still in its infancy...
24 October 2016 /payments
What is the likelihood of AI based solutions becoming an imperative in financial services and not just a ‘nice to have’? In my earlier blogs I explored the basics of AI and how to implement the technology, now let’s consider the appetite among firms to adopt AI solutions. We recently completed a survey with Finextra, exploring attitudes towards AI...
06 October 2016 /payments
While there are potentially endless opportunities for the technology in financial services, there is currently a gap in understanding how Artificial Intelligence (AI) works. As part of a series of blogs looking into what it means for the financial services industry, I have already explored the basics of AI. In this blog, I will look at how we can b...
28 September 2016 /payments
There has been much talk about the use of Artificial Intelligence (AI) within financial services to streamline processes and add value, some of which we are already seeing in the form of robo advisors and big data processors. AI has the potential to solve many issues for the financial providers and corporates – reducing middle and back office admin...
20 September 2016 /payments
The introduction of regulations such as the Single Euro Payments Area (SEPA), continuing recessionary pressures and increased competition across the payments landscape are forcing banks to re-evaluate the way they process payments. For many, payment processing remains an extremely costly business. For example, it can constitute up to 40% of a bank...
17 September 2009 /payments /sibos
Cutting costs is a priority for banks and investment in the right connectivity solution is an important part of lowering headcount and improving the bottom line. It is true that most bank systems cannot cope with the increase in payment messages we are currently seeing. The solution is to adopt a unified, standard approach to payments messaging a...
16 September 2009 /sibos
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