The systemic importance of high-value payments to banks’ operations and offering – and, by extension, the global economy – means they are almost always a key priority when exploring a new payments…

Customers want payments to be quick and reliable, knowing their money will reach its destination without issues. For banks and payments providers, this means ensuring payments are processed fast and offering backup…

In an effort to better stay in control of their costs and risks, Tier 1 banks have increasingly shifted over the past decade from buying software for payments processing to building their…

As a software engineer tasked with delivering a payments solution within a bank, you must balance strict non-functional requirements with the need to remain flexible for future changes. In this article, we’ll…

This month Icon hosted its annual payments conference in New York. The event provided a forum for our customers and other payments professionals to exchange ideas, share learnings and explore the commercial…

In response to rapidly changing payment requirements, more and more banks are migrating from big monoliths to a microservices approach for payments processing. By leveraging reusable functions related to the critical parts…

With advancing computing power and the availability of vast datasets, Artificial Intelligence (AI) has made remarkable progress over the past decade. Applications based on transformers, a type of neural network architecture optimised…

What is Verification of Payee? Verification of Payee (VoP) is a requirement for financial institutions in SEPA countries introduced by the EU’s Instant Payment Regulation (Regulation (EU) 2024/886) to tackle rising fraud….

On Wednesday 5th February, Icon is hosting its annual payments conference in New York to explore the growth of instant payment adoption in North America. We will hear from U.S banks on…