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 banks to enrich their services and products.
The PelicanPay OpenBanking Hub enables Banks (ASPSPs) to easily offer TPP services – both AIS and PIS, without the need to support multiple APIs. Bank are able to publish different APIs across different business lines or locations, whilst only supporting one API of their own. In addition, PelicanPay includes a fraud detection and transaction risk monitoring layer for open banking flows - delivering industry-leading levels of security.
PelicanPay is a regulated innovative payments and financial crime compliance platform, providing Payment Initiation and Account Information services, offering complete business invoice to payables automation, along with comprehensive pan-European API interoperability and connectivity. PelicanPay delivers a suite of payments services for merchants, ensuring full PSD2 compliance and strong customer authentication for all required transactions.
