Leaders in fintech join in-house advisory board
LONDON - MONDAY 19 SEPTEMBER 2016 - Pelican, a leading provider of solutions for the financial services sector, today announced the appointment of a new advisory board made up of senior leaders in payments and fintech. The appointments come as the company completes a major rebrand to support its ambitious expansion plans and the expected growth in the use of artificial intelligence (AI) for payments.
Formerly known as ACE Software Solutions, the company has rebranded as Pelican, the name of its leading platform of transaction banking, regulatory compliance and corporate payments solutions for financial institutions, banks and corporates.
Parth Desai, CEO at Pelican, founded the company in 1995 after implementing an AI solution to help read, understand and convert payment telexes to Swift messages. Parth said: “This is not just a simple re-brand, it is a re-affirmation of our 20-year dedication and focus in developing innovative solutions for the global financial sector that incorporate artificial intelligence. By combining our advanced technology, domain expertise in payments and rich experience in AI, we deliver outstanding levels of efficiency for banks and corporates. This enables a new industry standard we call Intelligent Payments Management (IPM) through a mixture of natural language processing (NLP), knowledge-based systems and machine learning.”
Co-founder and CEO of mobile payment provider Yoyo Wallet and Partner for start-up seed funder Firestartr, Alain Falys, has joined the new advisory board, alongside John Quamina, Global Payments Practice Leader at IT services and consulting firm Wipro. Clare Walsh, consultant and co-founder of leading research and information source for the global Fintech community, Finextra, has also been appointed.
The new advisory board members will work very closely with Parth Desai and the other senior team members, including Bill North, Global Head of Sales, and recently appointed Senior Product Manager Tristan Blampied.
Alain Falys said: "This is a very exciting time for everyone involved in this business. The interest we are seeing in AI is unprecedented and Pelican is very clearly leading the field in the adoption of this game-changing capability within both the financial services and corporate sectors. Speaking on behalf of my fellow advisory board members, we are delighted to be part of this dynamic and innovative team and are looking forward to contributing to their future success."
Parth concluded: “The high calibre of fintech talent we have been able to attract to our new board is a testament to the strength of our AI solutions and what they can deliver for the financial sector. Together with our existing management team, we have the tools to build upon our unrivalled heritage of innovation long into the future.”
About Pelican
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 Artificial Intelligence technology to payments and financial crime compliance, Pelican partners with its customers to deliver innovative and agile solutions and drive growth. To date, Pelican has enabled outstanding efficiency benefits and increased speed to market for customers in over 55 countries, processing more than one billion transactions worth over US$5 trillion. Pelican is a global company with offices in New York, London, Amsterdam, Dubai, Mumbai and Hong Kong.
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