Enhanced Financial Crime Compliance Solutions Suite

Comprehensive intelligent payments protection

Comprehensive intelligent protection for
payments and trade finance

Industry-leading compliance and fraud prevention

The threat landscape for global payments has grown in reach, volume and complexity. Anti-money laundering, sanctions obligations and fraud detection are part of a broad compliance challenge across payments and trade finance. Recent breaches across correspondent banking networks highlight the ever-increasing threat of payments crime and the particular vulnerabilities to SWIFT, Real-Time Gross Settlement and Wire payments.

The Solution
PelicanSecure is a comprehensive suite of Financial Crime Compliance applications protecting all stages of the payments and transaction lifecycle – comprising four modular solutions covering Payments Fraud Prevention, Trade Based Money Laundering detection, Real-time AML and Sanctions Screening.

Payments Fraud Detection

A.I. Powered Fraud Prevention
Truly effective Fraud Protection requires solutions that do not merely respond to past patterns of attack, but ones that deploy highly advanced predictive and anomaly aware technology – detecting and preventing new fraudulent payment patterns in real-time.

The PelicanSecure Fraud Prevention solution uses Machine Learning Artificial Intelligence technology to analyse patterns of behaviour to identify and flag subtle anomalies that are indicative of fraud.
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Fraud Prevention features
  • Utilises Machine Learning to analyse patterns of behaviour to identify fraud.
  • Comprehensive hybrid approach, with Rule Engine, Supervised learning and Unsupervised learning.
  • High throughput/low latency solutions provider certified to support real-time schemes.
  • Machine Learning enables evolution of understanding and pattern analysis to keep one step ahead of fraud
  • Improve efficiency with significantly reduced false positives

Sanctions Screening

Comprehensive Enterprise Sanctions
Screening compliance
The expansion of global watchlists and a tightening regulatory framework creates many challenges for organisations. The need to rapidly adhere to regulatory directives and updated Sanctions lists across all business lines and territories can be burdensome and complex, with serious financial and reputational consequences for noncompliance.

Leveraging the AI disciplines of Natural Language Processing (NLP) and Machine Learning, PelicanSecure Enterprise Sanctions Screening is a market-leading financial crime compliance solution.
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Sanctions features
  • Uses Natural Language Processing (NLP) technology to screen accurately against any standard or proprietary watchlist
  • Support for any file format, or message type, including unstructured and free format text
  • Review times cut by 80%, with detailed alert info and investigation dashboard
  • Self-learning functionality ensuring continued near-zero False Positive Rate (FPR)

Real-Time AML

Transactional Anti-Money Laundering across the payments life-cycle
Failure to comply with Anti-Money Laundering (AML) legislation in all the territories you do business can have serious financial and reputational consequences for your organisation. The need to rapidly adhere to updated AML compliance and reporting obligations can be burdensome and complex.

PelicanSecure is able to meet rapidly evolving global AML challenges. It can support all your Real-Time AML compliance obligations across all business-lines and territories.
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AML features
  • Uses NLP for pattern anomaly detection of money laundering activity in real-time
  • Flags suspicious transactions before they leave the door
  • Modular based AML solution which can integrate with existing systems
  • Rich omni-channel user-interface with mobile and tablet support.
  • Advanced analytics and reporting enabling efficient alert management

TBML Detection

Innovative AI based protection against
Trade Based Money Laundering
Following a regulatory tightening of compliance checks on payment systems and processes, Trade Finance is now under increased regulatory focus. There are multiple stringent new guidelines in force, including from Singapore’s MAS, Hong Kong’s HKMA and the UK’s FCA.

The advanced Pelican TBML solution addresses the growing challenge of Trade Based Money Laundering - securing global trade, managing risks and protecting your reputation. The AI-powered end-to-end trade transaction cycle monitoring solution can derive meaning and understanding across all trade instruments and messages.
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TBML solution features
  • Leverages AI discipline of Natural Language Processing (NLP) to derive meaning and understanding across all trade instruments and messages
  • Three layered approach covering Information consistency checks; Enhanced Sanctions filtering; and TBML checks including Red Flag Indicators
  • Ability to understand free format information in multiple trade documents and instruments.
  • Performs consistency checks on key information across multiple trade documents in different formats

PelicanSecure Solutions

 

Find Out More

PelicanSecure Brochures & Datasheets
Please use the Download button below to access the full library of PelicnaSecure information resources, including datasheets covering Payments Fraud, Real-Time AML, Sanctions Screening and Trade Based Money Laundering detection.
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Related Resources & Information
Webinar: The dark world of U.S. payments fraud.
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Article:  How to outpace criminals in the cyber arms race.
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Article: Effective strategies to combat payments fraud. 
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Webinar: Payment fraud—Innovation in the banking ecosystem.
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Solutions: Compliance integration. Comprehensive corporate financial crime compliance.
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Totally Integrated. Uniquely Powerful.

Pelican's solutions leverage the unique capabilities of the PelicanPlatform.
Each of Pelican's award-winning payments and compliance solutions leverage the advanced capabilities and technologies of the PelicanPlatform. These include the Artificial Intelligence disciplines of Machine Learning, Natural Language Processing and Voice processing; Open API integration; rich Omni-Channel UX; flexible Cloud deployment scenarios; and real-time capabilities.

Collectively they provide a uniquely rich technology core, powering the most advanced and capable payments and compliance solutions.

PelicanPlatform

The foundation to all Pelican's payments and compliance solutions

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Innovation Hub

An innovation environment for banks to build their digital future

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About Pelican

Our mission is to deliver innovative and agile solutions, powering your growth.

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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 compliance, Pelican partners with its customers to deliver innovative and agile solutions and drive growth.

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