As part of this move, Pelican has appointed Colin Camp to lead the growth in the region.

Pelican has pioneered the practical application of the Artificial Intelligence (AI) disciplines of Natural Language Processing (NLP) and Machine Learning for global payments processing and financial crime compliance for over 20 years. The company’s expansion into the Asia Pacific region provides Pelican with a wider global reach, complementing its existing office network in New York, London, Amsterdam, Mumbai and Dubai.

Colin Camp has joined the company in the role of Senior Director, Business Development & Sales based in Hong Kong, and will be responsible for growing the business across APAC. Colin has held senior executive positions within the financial technology industry for over 30 years, having previously worked for companies such as Dion Global Solutions, Misys (now Finastra) and Broadridge. For the past 20 years, Colin has been based in Asia and has extensive experience of working in the local markets across the region.

Parth Desai, founder and CEO of Pelican, commented: “We are very excited about the opportunity for our solutions in Asia Pacific. The financial services industry in the region continues to grow and be open to new innovative technology solutions. Having been leaders in the adoption of AI and NLP, we remain committed to continue to develop and deliver innovative and industry-leading payments lifecycle and financial crime compliance solutions for the global market. We are delighted to have Colin on board to help us in this process and to gain from his significant knowledge and experience in the region.”

Colin Camp commented: “This is a great time to be joining Pelican. The need of financial services firms to make use of technologies such as AI and NLP to streamline and improve processes is becoming more urgent. Pelican’s portfolio includes innovative solutions covering correspondent banking and corporate payments processing, real-time payments and financial crime compliance. What appealed to me is that these solutions are already proven, trusted and deployed across the globe. In addition, Pelican is introducing new solutions such as our Pelican Secure - Trade Based Money Laundering (TBML) and Fraud detection solutions which are attracting a lot of interest from banks wanting to make their TBML compliance and Fraud detection more secure, efficient and cost-effective. I am very enthusiastic about the opportunities that working within a dynamic, agile and innovative fintech firm like Pelican presents.”