Welcome to Open Banking
The digital transformation of financial services
The emergence of a truly open banking ecosystem is set to dramatically transform how banks and their customers engage and operate. The ability, and obligation, to provide payment initiation services and share account data with authorised third-parties represents a significant inflection point in the digital transformation of financial services. The high velocity of technological innovation and the shift to mobile-first engagement provides dynamic new opportunities for financial institutions to enrich their services and products.
Open banking initiatives go hand in hand with increased adoption of real-time payments, and the two combined will be a game-changer. The Pelican Corporate Banking API solution provides a comprehensive suite of dynamic API capabilities for ASPSPs and third party providers (TPPs) seeking to adhere to or participate in open banking initiatives such as the revised Payment Services Directive (PSD2) in Europe and the Open Banking Standard (OBS) in the UK.
Development & Deployment environment
PelicanPayments ensures full compliance with PSD2 and OBS regulatory mandates to facilitate access to customer account information and payment initiation services for authorised TPPs.
Going beyond open banking compliance, the broad PelicanPayments and compliance platform creates a highly functional API development and deployment environment for Banks to provide innovative corporate solutions, and indeed operate themselves as Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs). Additionally, PelicanOpenBanking enables customers to manage, monetise and monitor the complete API offering to third parties.
Open Banking features
- Enables secure sharing of data over API with Third Party Providers (TPPs).
- API conversion, aggregation and interoperability - removing the need to support multiple APIs.
- Tightly integrated with instant payments function – PelicanFast, providing seamless open and instant tool.
- AI and Data analytics powered solution enabling you to harness and monetise your data to offer new products and services.
Highly Functional API Platform
- Integrated API framework along with the flexibility to create new ones based on customer requirements.
- Handles requests to ASPSPs from AISPs/PISPs and provides responses, supporting high-volumes of API calls with integrated security and authentication services.
- Sandbox environment for testing and ongoing development of API services.
- Corporate connectivity module to communicate with your Corporate clients, in real-time.
- Integrates quickly and easily with existing legacy systems -no need to rip and replace.
- Requests / responses follow ISO 20 022 standards.
- Full support for the six popular API format standards, including the UK’s OBWG, France's STET and the Berlin Group, together with the Czech ČSOB, and the Polish and Slovakian APIs.
- Enables organisations to implement a single PSD2 compliant API and to connect to all of the European Banks, regardless of which of the different popular API standards they may be using.
- Interoperability solution provides seamless pan-European connectivity - for example TPPs using the OBWG or the Berlin Group APIs are able to seamlessly connect to all banks across Europe regardless of the API deployed by the banks.
- Quick and efficient compliance with open banking regulation.
- Facilitates banks’ transition to providing TPP services.
- Enables rapid deployment of advanced corporate products and services.
- Unique capabilities in interrogating big data, with understanding of context to provide highly relevant and tailored services.
- Increased revenue through harnessing data across all segments including retail, SME and Corporate.
Find Out More
Corporate Banking Brochures & Datasheets
Please use the Download button below to access the full library of Corporate Banking information resources, including datasheets covering Payments Hub and Open Banking.
Related Resources & Information
Article: Real-time forensics & cognitive automation—How AI is set to transform banking payments.Learn More
PelicanPayments: Partnering for success in the digital economy. AI powered payments lifecycle solutions for banks and corporates.Learn More
Solutions: Open banking solutions.Learn More