On 30th July, the Bank of England (BoE) published a new discussion paper outlining its approach to innovation in money and payments. The BoE’s goals are to maintain stability, trust and confidence…

Over recent years, starting with the SEPA scheme, and now with SWIFT and CHAPS, there has been a convergence onto the ISO 20022 standard messaging format. As payment messages in ISO 20022…

From Delays to Innovation: Payments Canada’s Real-Time-Rail (RTR) is the country’s new real-time payment system, enabling account-to-account (A2A) money transfers 24/7 for low-value payments with immediate fund availability and irrevocability. This initiative…

To mark the publication of Icon’s 2024 Annual Report co-founders Darren Capehorn, Ben Hallifax and Tom Kelleher, explore the key company milestones that have positioned Icon for its next phase of global growth….

Financial crime is on the rise, and it is costing billions. New research shows UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance, up 19% since…

As banks look towards their priorities for the coming year, instant payments – particularly the new European Instant Payments Regulation (IPR) – loom large in the minds of many. A poll of…

Instant payments, characterised by their speed and availability, are transforming the financial landscape across the globe. The Asia-Pacific (APAC) region in particular, has emerged as a leader in adopting and innovating in…

Icon recently released IPF 2024.1, which included upgrading all of our components to Java 17 and required Java 17 as a minimum. I was the lead engineer on this piece of work,…

Matt Piper, Head of Pre-Sales at Icon Solutions, explains why flexibility is key when it comes to future-proofing payments but, to understand the steps that must be taken, there are fundamental questions…