The successful transformation of a global bank's payment landscape with IPF
BNP Paribas, one of the world’s largest banks which processes some of the highest payment volumes in the EU, had a requirement to introduce instant payments across three European territories. However, the Bank recognised that their existing payment platforms would present significant operational and technological challenges.
BNP Paribas chose Icon’s IPF solution, a modern payments platform that combines open source technology with light-weight integration enabling organisations to process payments and deploy value added services, quickly, cost effectively and resiliently.
IPF was selected for its industry certifications with EBA Clearing’s RT1 system and SIAnet, plus the STET certification which was achieved in just 5 weeks. While Icon’s payments expertise and pragmatic transparent approach gave the bank confidence in a successful delivery.
Owing to the early successes achieved, Icon’s initial project scope was expanded to support an additional scheme pack for a fourth country and BNP Paribas' wider payments transformation initiative. Icon is working on the migration of SEPA CT onto the new platform and is also advising the Bank more broadly on its new payment architecture.
Find out how Icon could help you transform your payments ecosystem