In today’s era of digital-first, cloud-first technology innovation, consumers and businesses expect easy, convenient and secure payments services, when they want, where they want. Gartner’s extensive A Banker’s Guide to Transaction Banking Service Providers* report reviews three of the most significant functional Transaction Banking capabilities for specific use cases: Open Banking (Open API) Channel, Mobile Online Channel, and Web Channel Online Capabilities.
The Gartner research is based on its survey of 17 transaction banking service providers and Pelican has been included for its PelicanPayments solution’s capabilities. The vendors selected by Gartner for inclusion in the report were those “mentioned most often by Gartner banking clients seeking advice on this market space”.
PelicanPayments provides a comprehensive range of Artificial Intelligence (A.I.) powered payments and financial crime compliance solutions for banks to address today’s challenges. The modular platform enables Banks to deploy new products to market quickly, such as services based around immediate payments functionality, without the need to replace existing internal systems, and conform to new requirements and legislation.
This includes a single centralised global Payments Hub to automate lowest-cost routing, integrated compliance and fraud detection, and advanced message repair to achieve the highest levels of efficiencies and reduced operating costs.
The unique A.I. foundation of the PelicanPayments platform enables intelligent contextual understanding along the payments chain, elevating automation and straight through processing (STP) above the capability of standard rules based systems. Using advanced A.I. techniques for matching unstructured text, PelicanPayemnts provides an intelligent repair, routing, reporting and revenue generation platform that can significantly increase capacity and reduce costs.
Of all the global vendors assessed by Gartner, Pelican has one of the widest reaching capabilities across all 27 transaction banking areas reviewed. In reviewing Open API Banking, Mobile and Web capabilities, Gartner identifies Pelican’s broad solution offering, which includes account management and interactive payment and reporting services.
Click here to view the Gartner report, or use the button below to arrange a call with a Pelican representative to discover how our award-winning technology can help boost your productivity, lower your operating costs, and power your business growth.