Banif selects Pelican for Intelligent Payments Management

Banif Bank has chosen Pelican, a leading provider of technology solutions for the financial services sector, for its new transaction banking platform that will provide end-to-end automation of both SWIFT and SEPA payments, including integration with over the counter (OTC) instructions, Banif’s internet banking system and back office.

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Chris Micallef, Head of Operations and Systems at Banif Bank Malta, said: “We required a solution that helps us make our payment functions more efficient. By using Pelican’s innovative technology, we will be able to keep improving on our client service offerings and continue delivering a positive experience to all our customers."

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Pelican’s transaction banking platform includes an intelligent financial messaging hub for banks, which utilises Artificial Intelligence and Natural Language Processing to provide end-to-end automation of the complete payments process that also works with existing systems to handle all integration, routing, transformation, enrichment and exceptions processing.

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Parth Desai, CEO at Pelican, said: “By using cutting-edge technology, we are ensuring banks and corporates are able to reduce risk while simultaneously increasing transparency and control across the entire payments life-cycle. This approach delivers outstanding levels of efficiency by not only streamlining middle and back-office functions, but also by enabling Intelligent Payments Management (IPM) through integration of AI and traditional technologies.