--- title: Articles | Parth Desai description: With over 25 years experience in the BFSI domain for both banks and corporates, Parth Desai has a thorough understanding of the Payments, Securities, Anti Money Laundering and Risk Management fields from both the business and technology viewpoints. As Founder & Director, Parth ensures the vision of ACE and its suite of products is taken in the right direction and that development of the Pelican Platform continues to be on the cutting edge of the technology. --- [![Pelican](https://blog.pelican.ai/hubfs/Pelican_March2019/Images/59244394df998478fd005a73_Pelican-edit.png) ](https://www.pelican.ai) # Articles ## The latest payments and compliance guidance Read the latest guidance from our payments and compliance specialists on topics like Open Banking, AI-powered payments, TBML indicators, and more. ## Parth Desai ![Parth Desai](https://blog.pelican.ai/hubfs/parth.jpg) With over 25 years experience in the BFSI domain for both banks and corporates, Parth Desai has a thorough understanding of the Payments, Securities, Anti Money Laundering and Risk Management fields from both the business and technology viewpoints. As Founder & Director, Parth ensures the vision of ACE and its suite of products is taken in the right direction and that development of the Pelican Platform continues to be on the cutting edge of the technology. Find me on: ### Recent Posts [![The image depicts graphical representation of icons such as contact, Wi-Fi, sound, clock, chat & recycle bin icons.](https://blog.pelican.ai/hs-fs/hubfs/5c9a6218419f19b367597094_API.jpg?width=767&name=5c9a6218419f19b367597094_API.jpg) ](https://blog.pelican.ai/news/articles/the-limits-of-api-aggregation-how-interoperability-can-solve-the-fragmentation-challenge) FINEXTRA ## [The Limits of API Aggregation—how ‘interoperability’ can solve the fragmentation challenge](https://blog.pelican.ai/news/articles/the-limits-of-api-aggregation-how-interoperability-can-solve-the-fragmentation-challenge) 26 March 2019 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. [Read More](https://blog.pelican.ai/news/articles/the-limits-of-api-aggregation-how-interoperability-can-solve-the-fragmentation-challenge) [![It shows a hand with globe with technological icons of wifi, watch, camera. It describes how pelican develops innovative technology](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5bcf269de65fe3d49558bfca_597ee03d70c82900015f48b3_web7.jpg?width=767&name=5bcf269de65fe3d49558bfca_597ee03d70c82900015f48b3_web7.jpg) ](https://blog.pelican.ai/news/articles/succeeding-in-the-ai-economy-an-interview-with-parth-desai) DAILY NEWS AT SIBOS ## [Succeeding in the AI economy: An interview with Parth Desai](https://blog.pelican.ai/news/articles/succeeding-in-the-ai-economy-an-interview-with-parth-desai) 23 October 2018 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. [Read More](https://blog.pelican.ai/news/articles/succeeding-in-the-ai-economy-an-interview-with-parth-desai) [![ The image depicts a man pointing finger at secure lock on map with high rise building around](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5bae6b01bf4add596e120233_open%20banking.jpg?width=767&name=5bae6b01bf4add596e120233_open%20banking.jpg) ](https://blog.pelican.ai/news/articles/digital-india-how-digital-identity-and-open-apis-are-driving-payments-innovation) OPEN BANKING REPORT 2018 ## [Digital India – How digital identity and open APIs are driving payments innovation](https://blog.pelican.ai/news/articles/digital-india-how-digital-identity-and-open-apis-are-driving-payments-innovation) 28 September 2018 Much has been written about the potential of Open Banking and the transformative impact this will have on Europe’s payment landscape. [Read More](https://blog.pelican.ai/news/articles/digital-india-how-digital-identity-and-open-apis-are-driving-payments-innovation) [![The image depicts Black dots and white connecting lines forming clusters.](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5b570e8bac857a3e4bd4db87_API.jpg?width=767&name=5b570e8bac857a3e4bd4db87_API.jpg) ](https://blog.pelican.ai/news/articles/cross-border-payments-is-the-lack-of-clear-api-standards-threatening-psd2s-potential) FINANCIAL IT ## [Cross-border payments: Is the lack of clear API standards threatening PSD2’s potential?](https://blog.pelican.ai/news/articles/cross-border-payments-is-the-lack-of-clear-api-standards-threatening-psd2s-potential) 1 June 2018 Europe has been leading payment innovation worldwide by use of common ISO standards and SEPA initiatives rolled out across the EU. [Read More](https://blog.pelican.ai/news/articles/cross-border-payments-is-the-lack-of-clear-api-standards-threatening-psd2s-potential) [![ The image depicts formation of danger sign with help of number combination of ones and zeroes ](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5af37e894664693ab0a03183_Real-Time-Forensics-How-to-Outpace-Criminals-in-the-Cyber-Arms-Race-750x430-p-500.jpeg?width=767&name=5af37e894664693ab0a03183_Real-Time-Forensics-How-to-Outpace-Criminals-in-the-Cyber-Arms-Race-750x430-p-500.jpeg) ](https://blog.pelican.ai/news/articles/real-time-forensics-how-to-outpace-criminals-in-the-cyber-arms-race) CEO TODAY ## [Real-time forensics: How to outpace criminals in the cyber arms race](https://blog.pelican.ai/news/articles/real-time-forensics-how-to-outpace-criminals-in-the-cyber-arms-race) 8 May 2018 The disruption caused by payments fraud, especially high value wire transfers, is well documented and widely reported, and demonstrates the increasing focus of highly sophisticated criminal entities on the global financial payments system. [Read More](https://blog.pelican.ai/news/articles/real-time-forensics-how-to-outpace-criminals-in-the-cyber-arms-race) [![The image depicts a man’s hand on lock pattern like structure with various human vectors in background.](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5b55f2f52e8de3fa76eeabef_Global%20Finance%20Article.jpg?width=767&name=5b55f2f52e8de3fa76eeabef_Global%20Finance%20Article.jpg) ](https://blog.pelican.ai/news/articles/innovation-in-the-banking-ecosystem-a-year-of-pivotal-transformation) GLOBAL BANKING & FINANCE REVIEW ## [Innovation in the banking ecosystem – A year of pivotal transformation](https://blog.pelican.ai/news/articles/innovation-in-the-banking-ecosystem-a-year-of-pivotal-transformation) 30 April 2018 Surveying the lists of ‘key trend’ predictions for banking and payments at the start of each year often produces an interesting shopping basket of buzzwords – with some proving to have a rather shorter shelf-life than their exponents initially predicted. [Read More](https://blog.pelican.ai/news/articles/innovation-in-the-banking-ecosystem-a-year-of-pivotal-transformation) [![The image depicts a woman with word text of HTML codes around to showcase How AI is set to transform banking payments](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5ab3c141982516e7cf4dcf2e_Real-Time%20Forensics-p-500.jpeg?width=767&name=5ab3c141982516e7cf4dcf2e_Real-Time%20Forensics-p-500.jpeg) ](https://blog.pelican.ai/news/articles/real-time-forensics-cognitive-automation-how-ai-is-set-to-transform-banking-payments) PAYMENTS JOURNAL ## [Real-time forensics & cognitive automation—How AI is set to transform banking payments](https://blog.pelican.ai/news/articles/real-time-forensics-cognitive-automation-how-ai-is-set-to-transform-banking-payments) 23 March 2018 The practical application of Artificial Intelligence (AI) by banks and financial service providers will be a hot topic in 2018. [Read More](https://blog.pelican.ai/news/articles/real-time-forensics-cognitive-automation-how-ai-is-set-to-transform-banking-payments) [![ The image depicts word text “ Financial IT - Innovation in Fintech” with white background](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5a1d7105b5d43a0001433c96_5a1822676b2f3a0001d4719d_Financial%20IT-p-500.jpeg?width=767&name=5a1d7105b5d43a0001433c96_5a1822676b2f3a0001d4719d_Financial%20IT-p-500.jpeg) ](https://blog.pelican.ai/news/articles/failing-to-prepare-is-preparing-to-fail-financial-it) FINANCIAL IT ## [Failing to prepare is preparing to fail](https://blog.pelican.ai/news/articles/failing-to-prepare-is-preparing-to-fail-financial-it) 1 March 2017 In today’s environment of increased cyber-attacks and payments fraud, there is a temptation to focus on protecting global financial flows from the most recent fraud or hack. [Read More](https://blog.pelican.ai/news/articles/failing-to-prepare-is-preparing-to-fail-financial-it) [![A board displays 2 red locks depicts non secure and one blue lock to depict security with numbers around it in a code format.](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5a1d711cb5d43a0001433ca2_59cb8438956fc0000182f0f5_slider-w-secure1-p-1080-p-500.jpeg?width=767&name=5a1d711cb5d43a0001433ca2_59cb8438956fc0000182f0f5_slider-w-secure1-p-1080-p-500.jpeg) ](https://blog.pelican.ai/news/articles/payments-fraud-is-the-arms-race-against-the-criminals-winnable-finextra) FINEXTRA ## [Payments fraud – is the arms race against the criminals winnable?](https://blog.pelican.ai/news/articles/payments-fraud-is-the-arms-race-against-the-criminals-winnable-finextra) 1 March 2017 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 [Read More](https://blog.pelican.ai/news/articles/payments-fraud-is-the-arms-race-against-the-criminals-winnable-finextra) [![ This image depicts joy stick with 6 setting modes- Get into gear, XS2A,API Banking, PSD2 Compliant ,Collaboration , Full Bank App Store .](https://blog.pelican.ai/hs-fs/hubfs/Pelican_March2019/Images/5a1eb5849afe1000014a4a53_AAEAAQAAAAAAAAVjAAAAJGU1NDI4NjVkLWViMjctNDg1Mi04YTE4LTcwN2VhYjUwNzEwZQ.jpg?width=767&name=5a1eb5849afe1000014a4a53_AAEAAQAAAAAAAAVjAAAAJGU1NDI4NjVkLWViMjctNDg1Mi04YTE4LTcwN2VhYjUwNzEwZQ.jpg) ](https://blog.pelican.ai/news/articles/psd2-apis-and-changing-the-face-of-banking-gtnews) GT NEWS ## [PSD2, APIs and changing the face of banking](https://blog.pelican.ai/news/articles/psd2-apis-and-changing-the-face-of-banking-gtnews) 17 January 2017 The European Parliament’s (EP) revised Directive on Payment Services (PSD2), along with other initiatives such as the Open Banking Working Group (OBWG) and the increase in real-time payments, is set to change the face of banking. [Read More](https://blog.pelican.ai/news/articles/psd2-apis-and-changing-the-face-of-banking-gtnews) [1](https://blog.pelican.ai/news/articles/author/parth-desai/page/1) ## Press queries For press enquiries, please get in touch with us directly. [Contact Pelican](https://info.pelican.ai/pelican-contact-form) Please note, Pelican does not take responsibility for third-party content. ##### About Pelican AI Built for simplicity and scale, our purpose-built suite allows a 70% reduction in payment processing costs, real-time compliance, significantly reduced fraud, and improved customer experiences. 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