Disseminated on behalf of: Pelican AI Corp.
Nino Di Teodoro, CEO of Pelican AI Corp. (CSE: PEL), discusses how the company’s artificial intelligence helps banks screen payments for sanctions, money laundering, and fraud faster and more safely, so fewer legitimate payments are held up for manual review. With over 25 years of experience and longstanding relationships with some of the world’s largest banks, the newly listed and already profitable company serves banks, neobanks, and fintechs in over 55 countries as financial institutions work to balance speed with safety across markets with different rules.
AI payment screening reduces manual review for banks
Unlike traditional screening systems, which generate a huge volume of alerts that often turn out to be false alarms, Pelican AI focuses on taking that friction out of bank operations. Its three product families cover AI-powered payments, financial crime compliance, and trade finance, connected by natural language processing and machine learning applied to the messages and standards banks use. According to Di Teodoro, “Pelican AI was building AI for banks well before the current wave of interest in AI.” This approach helps more payments go straight through without manual work, so banks can spend less while they manage risk and stay compliant.
Bank case studies show straight-through processing above 96%
With every payment requiring screening, Pelican AI’s case studies show what its technology delivers inside large banks. At a global American bank, the payments platform reached a 96.8% straight-through processing rate, handling 28% more volume with no added headcount. A British multinational bank reached 97.3% and an annual benefit of $14 million to $17 million. A Big Five bank in Canada reported a 70% efficiency gain from real-time screening across 15 geographies, while a German bank reached 80% efficiency in sanctions screening across 50 geographies. Because these systems sit at the core of bank workflows, client relationships tend to last many years, giving investors exposure to an established, profitable business.
CSE listing and Fraud Alerts Optimizer launch mark a new chapter
Recent milestones include Pelican AI’s September 1 listing on the Canadian Securities Exchange, a $5 million financing ahead of the listing, and the September launch of Fraud Alerts Optimizer, now piloting with select financial institutions. In fiscal 2025, the company generated C$13 million in revenue with a 71% gross margin and $5 million in adjusted EBITDA. Di Teodoro says, “Over the coming months, we’ll report on our pilots, our sales expansion, and our progress against our plan.” Management targets 25% growth in revenue and adjusted EBITDA for 2027.
Profitable payments AI provider targets global expansion
As Pelican AI continues to help banks move payments faster, it stands at the intersection of financial crime compliance and global payments efficiency. With an established revenue base and new capital, the company is positioned for disciplined growth across the Americas, Europe, the Middle East, and Asia.
Transcript
Transcript lightly edited for clarity
Nino Di Teodoro: Banks move trillions of dollars around the world each day, and each of those payments has to be screened before it can go through. For over 25 years, Pelican AI has built the AI that helps banks do that work faster and more safely.
I’m Nino Di Teodoro, Chief Executive Officer of Pelican AI. On September 1, Pelican AI began trading on the Canadian Securities Exchange under the symbol PEL.
Going public is a new chapter for us, but Pelican AI itself is an established business. We have over 25 years of experience, longstanding relationships with some of the world’s largest banks, and a business that is already profitable. Being listed lets us share that story with a much wider group of investors, and it gives us access to capital to grow.
Banks have to balance speed with safety. Each payment has to be checked for sanctions, money laundering, and fraud, often across dozens of countries with different rules. Traditional screening systems generate a huge volume of alerts, and many of them turn out to be false alarms. Someone still has to review each one by hand, and that holds up legitimate payments and adds real cost to a bank’s operations. Our technology takes that friction out so banks can process payments faster and spend less while they manage risk and stay compliant in the markets they serve.
We serve banks, neobanks, and fintechs through three product families. The first is AI-powered payments. Our payments platform interprets and enriches payment instructions automatically, so more of them go straight through without manual work. The second is financial crime compliance, covering anti-money laundering, fraud detection, and sanctions screening. The third is trade finance, where we digitise trade documents and scan them for signs of trade-based money laundering. That system is already live at banks in India and in the UAE.
What connects all three is our background in natural language processing and machine learning, applied to the messages and standards that banks use. Pelican AI was building AI for banks well before the current wave of interest in AI. Today, we support banks, fintech companies, and corporations all over the world in over 55 countries.
Our case studies show what the technology delivers inside large banks. At a global American bank, our payments platform reached a straight-through processing rate of 96.8%. The bank handled 28% more volume with no added headcount and reported between $2.3 million and $2.6 million in annual savings. At a British multinational bank, the payments platform reached 97.3% straight-through processing and an annual benefit of $14 million to $17 million. At a Big Five bank in Canada, real-time payment screening across 15 geographies delivered a 70% efficiency gain. And at a German bank, sanctions screening across 50 geographies reached 80% efficiency. These systems sit at the core of the bank’s workflow, which is why our client relationships tend to last for many years.
We entered the public market with an established revenue base. In fiscal 2025, Pelican AI generated C$13 million in revenue, with a 71% gross margin and $5 million in adjusted EBITDA. We also closed a $5 million financing ahead of our listing. That means we are growing from a profitable base with capital to put our plan forward.
I’ve spent more than 20 years in financial services, payments, and financial crime compliance, including roles at Symcor and Central 1 Credit Union. Most of that time was spent on the bank side of the problem. I know what it’s like to manage a queue of alerts that never seems to get shorter, and that is a big part of why Pelican AI’s technology made sense to me.
I work alongside our Executive Chairman, Daren Trousdell, Founder of KOAT Capital, and a board that includes former public-company CFOs. As CEO, my focus is to grow with the clients we have, win new ones in the Americas and Europe, and run Pelican AI as a disciplined public company.
In September, we launched our newest product, Fraud Alerts Optimizer, which is now in pilot programs with select financial institutions. It works with the bank’s existing fraud system and reduces the number of false positives it produces. Fewer false positives means fewer legitimate payments that are held, fewer manual reviews, and a better experience for the bank’s customers.
Alongside new products, our growth plan has three parts: expanding sales coverage in the Americas, Europe, the Middle East, and Asia; pursuing tuck-in acquisitions that broaden our platform; and continuing to build our AI roadmap. Our management targets for 2027 are 25% growth in revenue and adjusted EBITDA. Over the coming months, we’ll report on our pilots, our sales expansion, and our progress against our plan.
You can follow Pelican AI at pelican.ai and on the Canadian Securities Exchange under the symbol PEL.
About Pelican AI Corp.
Pelican AI Corp. (CSE: PEL) is a financial technology company providing artificial intelligence-powered solutions for payments, financial crime compliance and trade finance. With more than 30 years of proprietary AI expertise, Pelican’s technology is trusted by major financial institutions across more than 55 countries and has processed more than two billion transactions representing approximately $10 trillion in value.
Learn more at pelican.ai or their investor site at ir.pelican.ai.
