Pelican AI to Attend Sibos 2026 in Miami to Advance Global Banking Relationships

Pelican AI touts $10 trillion processed but discloses no new business at Sibos 2026.

What the company is saying

Pelican AI is highlighting its participation at Sibos 2026 in Miami Beach from September 28 to October 1, 2026, positioning itself as a leader in AI-powered payments, compliance, and trade finance. The company emphasizes its established platform, long-standing relationships with major financial institutions, and its alignment with the event's theme of 'Digital finance for AI-driven economies.' CEO Nino Di Teodoro is the named executive, stating that the conference is an opportunity to engage with banks and industry participants to understand their priorities and showcase Pelican's technology. The announcement stresses the company's global reach, stating its technology is trusted in over 55 countries and has processed more than 2 billion transactions worth approximately $10 trillion. Pelican frames its product suite—Pelican Payments, Pelican Secure, and AI-powered trade finance—as proven solutions developed for regulated banking environments. The release also references ongoing litigation, directing readers to its August 27, 2026 news release and CSE Form 2A Listing Statement for details.

What the data suggests

The only quantified figures are cumulative: over 2 billion transactions processed and approximately $10 trillion in value, with technology deployed in more than 55 countries. These numbers demonstrate historical scale but do not reveal current financial performance, growth rates, or recent commercial wins. No new contracts, revenue, or client additions are disclosed in connection with Sibos or otherwise. The announcement does not provide period-specific metrics, financial statements, or evidence of recent business momentum. The reference to ongoing litigation is transparent but lacks detail in this release. Overall, the data supports Pelican's claim of established scale but does not substantiate near-term business acceleration or financial improvement.

Analysis

The announcement is upbeat, emphasizing Pelican AI's participation in a major industry event and reiterating its global reach, product portfolio, and cumulative operational achievements. However, the release contains no new commercial wins, financial results, or concrete business developments—only the intention to attend Sibos and meet with industry participants. The most prominent claims (over 2 billion transactions, $10 trillion processed, 55+ countries, 30+ years of expertise) are cumulative and not time-bound, offering no insight into current growth or profitability. Forward-looking statements about 'discussing opportunities' and 'identifying where Pelican's technology can address challenges' are generic and not tied to specific, actionable outcomes. There is no evidence of large capital outlay or imminent financial impact. The tone is somewhat inflated by highlighting scale and experience without providing context or recent performance data.

Risk flags

• ●The announcement relies on cumulative transaction and value figures ($10 trillion, 2 billion transactions) without providing recent financial or operating performance, making it difficult to assess current momentum or growth.
• ●No new commercial agreements, contracts, or client wins are disclosed in connection with Sibos 2026, so the actual business impact of event participation remains unproven.
• ●Ongoing litigation is referenced, with further details deferred to other filings; unresolved legal matters could pose financial or reputational risks depending on their outcome.

Bottom line

Pelican AI is using its Sibos 2026 attendance to reinforce its credentials in AI-driven payments and compliance, citing $10 trillion in processed value and a presence in over 55 countries. The announcement is promotional, with no new business wins, contracts, or financial results disclosed. Investors receive no update on current growth, profitability, or the status of ongoing litigation beyond a referral to other documents. The most material takeaway is that Pelican AI remains active in industry dialogue but has not announced any tangible commercial progress tied to this event. To shift this assessment, the company would need to disclose new client agreements, revenue growth, or resolution of legal risks. For now, the update is non-actionable and primarily serves as corporate positioning.

Announcement summary

(CSE:PEL) Pelican AI announced that members of its management team will attend Sibos 2026 in Miami Beach, Florida, from September 28 to October 1, 2026. Sibos is a major event that brings together leaders from financial institutions, technology companies, and the broader financial services industry. The 2026 theme, 'Digital finance for AI-driven economies,' aligns with Pelican AI's focus on practical AI applications in payments, compliance, and financial crime prevention. During the conference, Pelican AI management will meet with banking and industry participants to discuss opportunities to modernize payment infrastructure, improve transaction processing, and address complex compliance requirements. Pelican AI's product portfolio includes payments processing, financial crime compliance, and trade finance solutions, all supported by technology developed and deployed in regulated banking environments. Nino Di Teodoro, Chief Executive Officer of Pelican AI, stated that Sibos provides an opportunity to engage directly with institutions navigating payments and compliance modernization, and that the company's focus in Miami will be on understanding banks' priorities, strengthening relationships, and identifying where Pelican's technology can address operational challenges. Pelican AI has more than 30 years of proprietary AI expertise. Its technology is trusted by major financial institutions across more than 55 countries. Pelican AI's systems have processed more than 2 billion transactions representing approximately $10 trillion in value. The company's technology leverages artificial intelligence, machine learning, and natural language processing to help automate payment processing, improve straight-through processing, strengthen financial crime compliance, and modernize transaction banking infrastructure. Pelican AI's solutions include Pelican Payments, Pelican Secure, and AI-powered trade finance applications. The company is involved in ongoing litigation, with further details available in its August 27, 2026 news release and in 'Item 23 - Legal Proceedings and Regulatory Actions' and 'Item 21 - Risk Factors' in its CSE Form 2A Listing Statement on SEDAR+.

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