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.
Embracing technologies such as artificial intelligence can simplify the behind the scenes work in areas such as AML and KYC, automating vast portions of the process and helping to form part of a broader strategy of compliance.
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?"
The payments business may be a scale game but mid-tier banks are not necessarily out of the running yet. Tier two and three banks can invest in a specialised payments processing gateway in order to keep pace with the larger players out there.
True human intelligence is difficult to replicate. Making computers behave like humans isn’t possible in a generic sense—but in a specific domain it can and has been achieved; with real applications used in finance and compliance for some time now.
Pelican provides banks and corporates with solutions that enhance, streamline and secure the payments life-cycle. With over twenty years of expertise in the practical application of AI technology to payments and compliance, Pelican delivers innovative and agile solutions.