Colin Camp, Senior Director - Business Development & Sales, APAC at Pelican, explores the drop in penalties issued to banks and corporates by the Office of Foreign Asset Control (OFAC) and asks, if the trend continues, if it’s appropriate to scale back trade compliance efforts as a result.
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-business markets.
Artificial intelligence has the potential to help treasurers deal with regulation changes, increasingly demanding customers and continuing globalisation, yet uptake of the technology remains low. Is this a missed opportunity or is it just a matter of time before AI is commonplace across treasury functions?
For over twenty years, Pelican has pioneered the application of AI technology to enhance, streamline and secure the payments life-cycle and combat financial crime. We sit down with Founder and CEO Parth Desai to discuss the challenges facing banks today.
Will digital disruption by dynamic technology natives undermine the long established business models and customer relationships of traditional banks? Tristan Blampied, Senior Product Manager with Pelican, examines the challenges.
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