AMSTERDAM – 3 June 2019 – PelicanPay (PelicanPay.com), the innovative payments and financial crime compliance platform, today announced at Money2020 Europe a partnership with Starling Banking Services to deliver complete pan-European invoice to payables automation for small businesses together with online e-commerce merchant payment services.
PelicanPay, regulated for both PIS and AIS, will utilise Starling Bank’s payments processing platform to provide payment services to a broad range of SMEs, corporates, and merchants looking to benefit from the enormous growth and cost efficiency opportunities provided by Open Banking.
With full FCA Accreditation, PelicanPay delivers a suite of payment services, ensuring full PSD2 compliance and strong customer authentication for all required transactions. The PelicanPay Open Banking hub integrates with accounting packages to automate business and salary payments and account reconciliations, on a pan-European basis.
Julian Sawyer, Head of Banking Services at Starling, said: “PelicanPay is one of the leading innovators in the Open Banking model and it is an ideal fit for Starling’s banking services capabilities.”
Parth Desai, founder and CEO of Pelican and PelicanPay, commented, “We are very pleased to be partnering with Starling Bank to offer payment and account information services through the PelicanPay hub. PelicanPay provides businesses with a complete business invoice to payables automation service and merchants with online payments on a pan-European basis. We see these services as being particularly attractive to SMEs and merchants, enabling them to focus on delivering their core proposition to customers, while PelicanPay takes the pain out of the payments process in a cost-efficient manner.”
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.
PelicanPay is headquartered in London and is part of the Pelican group, with customers in over 55 countries, processing more than one billion transactions worth over €4.5 trillion. For over 20 years Pelican has been deploying artificial intelligence to help SMEs, corporates and banks increase efficiencies in payables, receivables and financial crime compliance, taking the pain out of the payments process and enabling organisations to focus on their core business.
About Starling Bank
Our mission at Starling is to build a completely different kind of bank. In retail banking we offer personal, business and joint mobile current accounts on Android and iOS. The Starling Marketplace allows customers to access to a curated selection of third party financial services through our app. We also offer groundbreaking B2B banking and payments services.
We’re a fintech business with a banking licence, fully regulated by the FCA and PRA, and were granted a banking licence by the Bank of England in July 2016. Starling Bank is directly connected to major payment schemes, including Faster Payments, SEPA, Bacs and MasterCard.
Media enquiries Pelican
+44 (0) 20 3100 3163
Head of Corporate Affairs at Starling
+44 (0) 7973 668363