Banif se­lects Pel­i­can for In­tel­li­gent Pay­ments Man­age­ment

Malta Independent - - BUSINESS & FINANCE -

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.

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.”

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.

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 back­of­fice func­tions, but also by en­abling In­tel­li­gent Pay­ments Man­age­ment (IPM) through in­te­gra­tion of AI and tra­di­tional tech­nolo­gies.”

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