--- title: Pelican Blog | 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) # Blogs ## The latest news, views, and insights from Pelican Read the latest guidance from our payments and compliance specialists on topics like Open Banking, AI-powered payments, TBML indicators, and more. ## All Blog Posts ## 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 04 October 2022 ## [AI: The best foundation for payments transformation](https://blog.pelican.ai/news/blog/ai-payments-transformation) [![Credit card with icons](https://blog.pelican.ai/hs-fs/hubfs/iStock-1314979660-min%20(1)-jpg.jpeg?width=767&name=iStock-1314979660-min%20(1)-jpg.jpeg) ](https://blog.pelican.ai/news/blog/ai-payments-transformation) By Parth Desai 23 June 2022 ## [Payments Transformation: How AI can improve efficiencies and experience](https://blog.pelican.ai/news/blog/payments-transformation-ai-efficiencies-experience) [![Close Up of a Green and Black Circuit Board](https://blog.pelican.ai/hs-fs/hubfs/payments%20transformation.jpg?width=767&name=payments%20transformation.jpg) ](https://blog.pelican.ai/news/blog/payments-transformation-ai-efficiencies-experience) By Parth Desai Now is the time to look at innovating Trade Finance Operations and Compliance by adopting new technologies such as Artificial Intelligence – the same technologies that have brough innovation to our personal lives over recent years – to automate the burdensome manual processes of today 03 June 2022 ## [ISO 20022 is all about data: How can you leverage it?](https://blog.pelican.ai/news/blog/iso20022-how-to-leverage-data) [![digital-graphic](https://blog.pelican.ai/hs-fs/hubfs/ISO%2020022%20is%20all%20about%20data-featured.jpg?width=767&name=ISO%2020022%20is%20all%20about%20data-featured.jpg) ](https://blog.pelican.ai/news/blog/iso20022-how-to-leverage-data) By Parth Desai 31 March 2021 ## [How AI can address the increasing complexity of false positives in  sanctions screening](https://blog.pelican.ai/news/blog/how-ai-can-address-the-increasing-complexity-of-aml-sanction-screening-and-anti-fraud-obligations) [![](https://blog.pelican.ai/hs-fs/hubfs/How%20AI%20Can%20Address%20the%20Increasing%20Complexity%20of%20Compliance%20and%20Fraud-1.jpg?width=767&name=How%20AI%20Can%20Address%20the%20Increasing%20Complexity%20of%20Compliance%20and%20Fraud-1.jpg) ](https://blog.pelican.ai/news/blog/how-ai-can-address-the-increasing-complexity-of-aml-sanction-screening-and-anti-fraud-obligations) By Parth Desai 17 August 2020 ## [Open Banking demands a customer-centric approach: 3 steps to achieving success](https://blog.pelican.ai/news/blog/cust-centric-ob) [![](https://blog.pelican.ai/hs-fs/hubfs/OB%20Blog_ALT.gif?width=767&name=OB%20Blog_ALT.gif) ](https://blog.pelican.ai/news/blog/cust-centric-ob) By Parth Desai To win and retain customers, you need to understand them in detail and to serve their individual needs.. To do this effectively you need data and the ability to understand and interpret that data to build ‘customer cognisance’. In this blog, I’ll explain three key steps that are essential in achieving this 02 June 2020 ## [Exception Processing - From Cost Centre to Profit Engine](https://blog.pelican.ai/news/blog/exception-processing-cost-to-profile) By Parth Desai By reducing manual intervention and increasing STP, banks can be freed to provide their clients with the services they truly need, and offer value added services on top of these basics. 28 April 2020 ## [AI technology – the ‘essential’ business enabler](https://blog.pelican.ai/news/blog/ai-tech-essential-business-enabler) By Parth Desai AI technology of Machine Learning and Natural Language Processing offers intelligent, automated financial transaction management and financial crime compliance solutions – reducing costs, increasing revenue and improving efficiency. 02 December 2018 ## [How AI can address the global sanctions challenge](https://blog.pelican.ai/news/blog/how-ai-can-address-global-sanctions-challenge) By Parth Desai From September 23 2016, NACHA will begin a 3-phase process that will make virtually all types of ACH payments eligible for same-day processing. 06 March 2018 ## [Edging ever closer to the abyss: why AI will reverse this trend](https://blog.pelican.ai/news/blog/edging-ever-closer-to-the-abyss-why-ai-will-reverse-this-trend) By Parth Desai 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. 29 September 2016 ## [What AI is and how it works in the financial services industry—Part 3](https://blog.pelican.ai/news/blog/what-artificial-intelligence-is-and-how-it-works-in-the-financial-services-industry-part-3) By Parth Desai Parth Desai, Founder and CEO and AI guru discusses the results of the recent Finextra survey on the appetite and adoption of AI in Financial Services and asks, "What are the odds of AI based solutions becoming the imperative—not a nice to have?" [Older Posts](https://blog.pelican.ai/news/blog/author/parth-desai/page/2) ### Recent Blog Posts 18 March 2025 [Transforming Global Trade: The Power of Digital Standards to future proof the trade ecosystem](https://blog.pelican.ai/news/blog/revolutionizing-trade-finance-with-pelicans-generative-ai-0-1) Biji John 25 February 2025 [Post-Show Report: GTR MENA 2025](https://blog.pelican.ai/news/blog/post-show-report-gtr-mena-2025) Abhinav Desai 12 February 2025 [BharatTradeNet: Transforming the Trade Ecosystem](https://blog.pelican.ai/news/blog/revolutionizing-trade-finance-with-pelicans-generative-ai-1) Biji John ### Categories - [AI (8)](https://blog.pelican.ai/news/blog/tag/ai) - [AML (8)](https://blog.pelican.ai/news/blog/tag/aml) - [Artificial intelligence (4)](https://blog.pelican.ai/news/blog/tag/artificial-intelligence) - [Artificial Intelligence (AI) (25)](https://blog.pelican.ai/news/blog/tag/artificial-intelligence-ai) - [Compliance (7)](https://blog.pelican.ai/news/blog/tag/compliance) ##### 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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