Mr. Nino Di Teodoro reports

PELICAN AI COMPLETES MAJOR SANCTIONS SCREENING UPGRADE FOR ONE OF GERMANY'S LARGEST BANKS, A CUSTOMER OF MORE THAN 20 YEARS

Pelican AI Corp. has completed a major upgrade to its Pelican sanctions screening platform.

The bank continued to invest in Pelican's technology after more than two decades as a customer. For Pelican, the upgrade increases the value of one of its longest-standing customer relationships.

The upgrade went live across the bank's European and North American operations in two phases, with no disruption to day-to-day operations. It gives the bank's users a more intuitive interface and improved usability, and it retires legacy hardware and software in favour of a current technology foundation.

Pelican and the bank continue to work together on innovation as the platform evolves to meet the bank's needs. Growing the value of existing customer relationships is an important part of the company's growth strategy.

"When a bank has trusted you for more than twenty years and continues to invest in your technology, that says a lot about the platform," said Nino Di Teodoro, chief executive officer of Pelican AI. "Growing the value of long-standing relationships like this one is a core part of our growth strategy, and this upgrade reflects the opportunity to keep growing value within our installed base."

About Pelican AI Corp.

Pelican AI 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.

Pelican's technology uses artificial intelligence, machine learning, and natural language processing to help financial institutions automate payment processing, improve straight-through processing, strengthen financial crime compliance and modernize transaction banking infrastructure. Its solutions include Pelican Payments, Pelican Secure and AI-powered trade finance applications.

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