Blogs

The benefits of using DLT for digital currencies

Central banks across the globe are exploring and testing Distributed Ledger Technology (DLT) to provision Central Bank Digital Currencies (CBDC). In this blog, Arjeh van Oijen, Head of Product Management, and Atul…

Icon Solutions

8 March 2022

Blogs

The key to instant payments adoption in European

At a recent payments forum hosted by the Bank of Finland, ECB board member Fabio Panetta signalled commercial banks must make instant payments ‘cheap and easy to use’. While on the operational…

Michel Vaja

7 July 2021

Blogs

Recognising the hidden female pioneers in technology

How many people have heard of Kathleen Booth or Margaret Hamilton? Chances are not many. But why not? These two women achieved two significant firsts. Kathleen invented the first assembly language and Margaret,…

Tamsin Crossland

23 June 2021

Blogs

Accelerating software engineering through Domain Specific Languages

In the fourth part of our series exploring the motivations, architecture and principles driving the development of IPF, Tom Beadman, Principal Engineer at Icon Solutions, discusses the benefits of using Domain-Specific Languages…

Tom Beadman

5 May 2021

Blogs

Is monetising data the key to competing?

As competition in payments has increased, data has long been touted as the cure-all for incumbent banks. If banks could charge a transaction fee for every time they are told that ‘data…

Simon Wilson

28 April 2021

Blogs

5 ways banks can compete in payments

Remaining competitive in payments is the key to future relevance and profitability for incumbent banks. But with incumbents now competing on multiple fronts against various players, how can they stay ahead of…

Simon Wilson

21 April 2021

Blogs

Who are banks competing against in payments now?

For several decades, incumbent banks have held a comfortable leadership position in payments. But the rapid growth of digital payments has signalled opportunity for new market entrants to attack this status quo….

Simon Wilson

23 March 2021

Blogs

The European Payments Initiative – Back to the Future

In July 2020, a group of sixteen major European banks from five Euro countries announced the launch of the European Payments Initiative (EPI) with the aim of creating a unified payment solution…

Michel Vaja

10 March 2021

Blogs

Celebrating the women at Icon Solutions

Financial and technological industries have always been male dominated, with men at the forefront of key projects and making up most of the workforce. Although things have improved over the years with…

Melisa Madambi

8 March 2021

Whitepapers

Competing in Payments

For decades, incumbent banks have held a leadership position in the payments business and enjoyed high fees, healthy margins and limited competition. But as the payments ecosystem expands, these incumbents find themselves competing…

Simon Wilson

18 February 2021

Blogs

The clash of the frameworks

Setting the scene In the third part of our series exploring the motivations, architecture and principles driving the development of IPF, Pat Altaie, Senior Consultant, discusses the benefits of using interoperable programming…

Patrick Altaie

14 January 2021

Blogs

2021 Predictions: Realising the Value of Payments Transformation

It has been said that prediction is very difficult, especially if it’s about the future. The unprecedented events of 2020 demonstrated quite how difficult it can be. The monumental uplifts in digital…

Simon Wilson

6 January 2021

Blogs

CQRS and Event Sourcing: good options for instant payments?

In the second part of our series exploring the motivations, architecture and principles driving the development of IPF, Sirin Sevinc, Senior Solution Architect, explains the roles CQRS and Event Sourcing play in…

Sirin Sevinc

17 December 2020

Blogs

Banking on the Future: Payments Transformation

Standardisation, regulation and technological innovation means payments are well on the way to becoming instant, invisible and free. This is good news for everybody. Well, not quite everybody. Banks are now faced…

Simon Wilson

24 November 2020

Blogs

5 common software product challenges

Over the past 20+ years, I have been deeply involved in designing, building and delivering systems in a few different sectors across a multitude of technologies and methodologies, varying team sizes and…

Simon Callan

16 November 2020

Blogs

An Open Letter from our Founders

Icon Solutions was founded on the principles of fighting complexity, celebrating honesty and putting our customers first. 10 years on, these principles have helped establish our reputation as a provider of world…

Ben, Darren and Tom, Our Founders

28 October 2020

Blogs

Wading through the noise around payments transformation

As part of Icon Solutions’ thought leadership in the world of payments, our latest webinar, ‘Busting the Myths of Payments Transformation’, delved into the noise and misnomers in the payments transformation space and…

Lauren Jones

6 October 2020

Blogs

4 trends accelerating US payments transformation

The US payments industry is undoubtedly ripe for change. Before the unprecedented shock of COVID-19, digitization and payments transformation initiatives had been organic, piecemeal and predominately the preserve of the largest banks….

Lauren Jones

15 September 2020

Whitepapers

The move towards payments digitization in the US

Post Covid-19 there will be no return to the norms of 2019 for banks in the US; with the impact on the behavior and expectations of customers resulting in an overwhelming demand…

Lauren Jones

9 September 2020

Blogs

Supporting Financial Inclusion Beyond Digital

Many of us take it for granted, but accessing basic financial services is fundamental to our economic and social development. It is hard to ‘get on’ if you are forced to hide…

Darren Capehorn

10 August 2020

Blogs

Strange new world: What next for banks in these uncertain times?

What’s next for banks in this strange new world we find ourselves in? Forget the forecasts and predictions, we are in uncharted territory and the honest answer is that no one truly…

Simon Wilson

21 July 2020

Blogs

Busting the myths on payments transformation

‘Payments transformation’ has emerged as perhaps the single biggest opportunity for banks. But getting payments transformation right is no easy task. With only 9% of banks nearing completion in their transformation efforts,…

Toine van Beusekom

12 June 2020

Whitepapers

Busting the Myths of Payments Transformation

Payments transformation has emerged as perhaps both the single biggest opportunity, and challenge, for banks. Given the proven link between successful payments transformation and payments profitability the potential rewards are huge. But…

Simon Wilson

9 June 2020

Blogs

Maximise the value of instant payments

Instant payments are the ‘new normal’. The last decade saw a ramp-up in adoption as regulation, customer expectation and technology dovetailed to create immediate, 24/7 demand for financial services. This means that…

Lauren Jones

4 June 2020

Case Studies

Defining a payments technology strategy and roadmap

Discover how Icon Solutions enabled a Tier 1 bank to reboot their payments transformation programme, evolve their payments technology strategy and secure executive support.

Katy Press

12 May 2020

Blogs

Banking's new reality

There are decades where it feels like nothing happens, and there are weeks where decades seem to happen. In just over 100 days, COVID-19 has swept around the planet, more than half…

Simon Wilson

6 May 2020

Blogs

Are banks ready for real-time payments?

In the U.S. and across the globe, financial institutions are wrestling with evolving consumer expectations, razor-thin margins and increased competition. Yet, significant opportunities are there for those who have built a foundation…

Gene Neyer

2 April 2020

Whitepapers

Maximising the value of investments in instant payments

Instant payments is no longer the new kid on the block, with over 40 schemes around the world. The question now is how do banks make a return on the investment they’ve…

Lauren Jones

20 February 2020

Case Studies

Creating a platform for high volume payment processing

Discover how Icon Solutions enabled a Tier 1 bank to migrate to new technologies which were capable of executing enormous volumes of payments.

Katy Press

19 December 2019

Blogs

Why aren’t banks extracting value from payments data?

As traditional financial institutions compete with big tech and fintech players, gaining access to and extracting value from payments data has become paramount. In fact, the Economist recently described data as now the most…

Hussam Kamel

17 December 2019

Blogs

Detecting Fraud in An Imbalanced Payments World

There’s been a lot in the press recently about the benefits Machine Learning offers when it comes to fraud detection. However, there are limitations. In reality, most of the payments transactions made…

Tamsin Crossland

16 December 2019

Blogs

Should banks outsource payments?

At a recent webinar hosted by InstaPay on payments transformation, a question was posed to the speakers (from HSBC, Nordea and Icon Solutions); “Given the challenges involved in payments transformation and the…

Saara Day

10 December 2019

Case Studies

UK Faster Payments Build and Support

Learn how Icon refreshed this Tier 1 Bank’s technology, providing robust documentation and a flexible foundation for ongoing change.

Kate Nelson

29 November 2019

Case Studies

Implementing a ring fence banking solution

Discover how Icon Solutions implemented a Ring Fence Banking Solution for a major UK Bank in under four months, ensuring fast and effective delivery.

Kate Nelson

29 November 2019

Case Studies

The future of payments: Transformation with BNP Paribas

Discover how Icon Solutions enabled BNP Paribas to meet their first challenge on the transformation journey through the fast track deployment of IPF for instant payments, and how the impact of our consultancy work has set…

Kate Nelson

29 November 2019

Case Studies

Delivering a roadmap for payments transformation

Find out how Icon helped a leading UK financial institution with a savings and mortgage customer base of over 15 million facing challenges around the performance and resiliency of their payments systems.

Kate Nelson

28 November 2019

Case Studies

Delivering UK Open Banking and PSD2 compliance

Discover how Icon delivered APIs for a leading UK bank in record time, helping them avoid breaching CMA and PSD2 regulations.

Kate Nelson

28 November 2019

Case Studies

Fast tracking digital customer onboarding

Read about how Icon initiated a major transformation programme to dramatically improve customer experience for corporate customer on-boarding for a global Tier 1 bank.

Kate Nelson

28 November 2019

Case Studies

Mobilising digital transformation and enabling the customer journey

Discover how Icon accelerated the delivery of a major digital transformation initiative, covering their Retail Banking and Customer Servicing operations in the UK.

Kate Nelson

28 November 2019

Case Studies

Delivering a seamless customer experience for Open Banking

Read about how Icon Solutions designed, developed and led this Tier 1 Bank’s App-to-App programme in response to PSD2/CMA Open Banking regulation.

Kate Nelson

28 November 2019

Case Studies

Architectural leadership for a visionary digital transformation programme

Learn how Icon established strong architectural leadership to replace the online & mobile banking applications for this global Tier 1 bank.

Kate Nelson

28 November 2019

Case Studies

Design and integration of a core banking platform

Find out how Icon ensured a new core banking platform was integrated into the UK’s largest retail and commercial bank’s existing systems landscape.

Kate Nelson

28 November 2019

Case Studies

Digital transformation to support business banking

Discover how Icon initiated a digital transformation programme to replace a Tier 1 global bank’s online and mobile applications for its Commercial Banking customers from the UK and Hong Kong.

Kate Nelson

28 November 2019

Case Studies

Design and integration to support a digitisation programme

Learn how Icon supported one of the UK’s oldest privately-owned banks to introduce online and mobile banking applications, built on a new cloud-based digital platform.

Kate Nelson

28 November 2019

News

Only 9% of banks effectively monetising payments data

London, 19th November 2019 – Icon Solutions, the leading provider of technology solutions and payments expertise, today revealed that only 9% of the world’s top tier banks are effectively monetising payments data….

Kate Nelson

19 November 2019

News

Icon Solutions featured in City AM

Icon Solutions, a leading Fintech provider of payment and technology solutions, was approached by City AM to give a view on whether we should be worried about yesterday’s services sector PMI data. Simon…

Katy Press

4 October 2019

News

Icon Solutions talks payments transformation in new podcast

In a recent podcast hosted by InstaPay at this year’s Sibos, Icon’s Aniruddha Maheshwari, Payments Consultant sits down with InstaPay Editor, Lauren Jones. In this podcast they discuss some of the payments…

Kate Nelson

3 October 2019

Whitepapers

Leveraging ISO 20022 to extract value from data

The payments industry relies on data every day. It is through this data that consumers are able to receive salaries, pay bills and make purchases. But financial institutions are under increasing demand…

Lauren Jones

3 October 2019

News

65% of banks struggle with payment profitability according to research

Report reveals that slow payment transformation risks shrinking margins further London, 17th September 2019 – Icon Solutions, the leading provider of technology solutions and payments expertise, today launches a new report “The Payments…

Kate Nelson

17 September 2019

Blogs

Do agile projects need Solution Architects?

Increasingly software development in large organisations is moving to agile methods, primarily scrum.  Agile empowers developers to design and build the system – where does solution architecture fit in? Agile and scrum…

Adam Richardson

19 August 2019

Whitepapers

Central Banks and Distributed Ledger Technology

Can Distributed Ledger Technologies (DLT) be the basis for a revolution in cross-border payments?  Cross-border payments and the correspondent banking model have not kept pace with advances in domestic payments such as…

Hussam Kamel

30 July 2019

Blogs

5 takeaways from EBAday 2019

This year’s EBAday, hosted in Stockholm, focused on three themes: innovation, infrastructure and reinvention. It explored positive disruption, the opportunity of payments and examined the impact of real-time, roadmaps and regulations. Here…

Saara Day

28 June 2019

News

Payments Transformation Scorecard launched

Icon Solutions, a leading Fintech provider of payment and technology solutions, has commissioned Aite, an independent research and advisory firm, to explore the payments transformation progress of global banks. The research provides…

Katy Press

21 June 2019

Blogs

What does real-time payments really mean for corporates?

Faster Payments have changed the world for the better and many corporates are already reaping the benefits. During our recent webinar we heard from industry experts in the US, Steve Ledford –…

Katy Press

20 June 2019

News

Icon Solutions commissions research on payments transformation progress

Icon Solutions, a leading Fintech provider of payment and technology solutions, has commissioned Aite, an independent research and advisory firm, to explore the payments transformation progress of global banks. ‘Payment transformation’ is…

Katy Press

12 June 2019

Research

The Payments Transformation Race: Criteria for Success

While payments transformation is high on the list of priorities for banks, there is a lack of information around strategic considerations, best practice and how to minimise risk to ensure success. In…

Katy Press

12 June 2019

Blogs

The journey to RTP in Canada

While Canada has been a leader in mobile and app-based banking technology, the same cannot be said for the speed of their implementation of Real Time Payments (RTP).  However, the last Payments…

Jason Hayes

7 June 2019

Blogs

How can banks help ensure financial inclusion?

Financial inclusion is a hot topic within industry press at the moment. In the UK, an influential group of MPs are proposing that banks should have a ‘legal duty for care for…

Farah Yamin

6 June 2019

News

Head of Continental Europe to speak in Madrid

Icon Solutions, a leading Fintech provider of payment and technology solutions, is delighted to announce that Gema Montoya, Head of Continental Europe, will speak at NACHA’s Alliance 2019 Spring Meeting in Madrid…

Katy Press

5 June 2019

News

Icon Solutions’ RTP survey results are in!

Thank you to all who completed our recent survey, developed in partnership with InstaPay.  As you’ll remember, the aim of the survey was to understand how far along banks are from adopting…

Katy Press

4 June 2019

News

Adoption of real-time payments and payments modernisation survey

As part of a NACHA initiative, we are conducting a short survey to collect views from the banking community on the adoption of real-time payments and payments modernisation in North America. The results…

Katy Press

2 May 2019

News

The era of collaborative payments platform

Discover the era of collaborative payments platform at NACHA Payments 2019! For the last 10 years banks have focused on consolidating payment infrastructures, but have ended up with multiple ‘hubs’, inefficient processes,…

Katy Press

30 April 2019

News

Icon Solutions featured in International Banker

Icon’s Toine van Beusekom was recently featured in International Banker with his article titled ‘Why do banking IT failures happen, and what can we do about them?’. In 2018, MPs announced a…

Kate Nelson

25 April 2019

Blogs

Can legacy solutions meet tomorrow’s payments demands?

A colleague summed it up perfectly when he described a ‘tsunami of payments’ heading the way of banks on account of changes in the payments landscape. The changes have been fuelled primarily…

Saara Day

21 March 2019

Blogs

Celebrating Women at Icon Solutions on International Women’s…

Since time began men have been at the forefront of technological innovations and in the finance world, building and establishing themselves as leaders – this culture has made it difficult for the…

Katy Press

8 March 2019

News

Icon Solutions to keynote at the 2019 Payments…

Icon Solutions Executive Advisor, Gene Neyer, has been invited to keynote at the 2019 Payments Summit which will be taking place at the Hyatt Regency Phoenix between Monday 11th and Thursday 14th March. Gene…

Katy Press

12 February 2019

Blogs

Women in Payments debate the impact of the…

Last week I attended a Women in Payments event entitled, ‘New Payments Architecture – What can we expect and how will we get there?’ The event was hosted by AmazonPay in London…

Katy Press

29 January 2019

News

Icon Solutions to speak alongside client, BNP Paribas…

  Icon Solutions, the specialist provider of global payment technology solutions and consultancy services, has confirmed its sponsorship of this year’s Annual Payments Forum in London. Toine van Beusekom, Icon’s Global Head…

Katy Press

15 January 2019

News

Icon Solutions is ready to connect to TIPS…

  London, 22nd November 2018 – Icon Solutions, a leading provider of Payment Solutions, is now ready to help payment service providers connect to the European Central Bank’s Target Instant Payments Settlement (TIPS) service…

Kate Nelson

27 November 2018

News

Icon Solutions announced as a founding member of…

  London – 13th November 2018 – Icon Solutions, the specialist provider of global payment technology solutions and consultancy services, was recently announced as a founding member of a newly launched organisation, the…

Saara Day

14 November 2018

Blogs

Payments – an unexpected catalyst for innovation

Germany is undergoing something of a fintech renaissance with startups like challenger bank Number 26 taking advantage of the culture of innovation fostered in cities like Berlin. This spirit of innovation is…

Richard Dear

5 November 2018

Whitepapers

Regulatory Fragmentation and Real-Time Payments

There is a lively debate on whether the modern real-time payment infrastructures came into being through regulation or out of commercial necessity and end-user demand. Although regulators are almost always involved in…

Gene Neyer

26 September 2018

Blogs

Open Banking – Learning from past successes

  Open Banking is transforming the financial services market. There is no doubt about that. Financial services providers are quickly building the same types of ecosystems that we’ve become familiar with from…

Carl Bones

11 September 2018

Blogs

Creating customer value from new technologies

  I recently had the pleasure of speaking at an event in Paris organised in partnership with DXC, one of Icon’s partner organisations. The audience included representatives of banks and corporates, and…

Tom Hay

19 July 2018

Whitepapers

Creating a Next-Gen Payments Platform for an Evolving…

The convergence of Open Banking, PSD2 and instant payments are giving rise to new use cases in the payments industry on an almost daily basis. The creation of new customer centric value-added…

Aniruddha Maheshwari

31 May 2018

News

Icon to attend Payments Canada Summit

  Icon have announced their attendance at the Payments Canada Summit, which takes place in Toronto from the 9th to the 11th May 2018. Gene Neyer, Icon’s Chief Strategy Officer, will be…

Kate Nelson

25 April 2018

Blogs

The difference between fast and real-time

  A few years ago, the question “how fast is fast” was being debated across the globe, with many organizations feeling that faster was good enough and hoping to get away with…

Mady Dyson

19 April 2018

News

Icon Solutions Announces EBAday 2018 Sponsorship

  Icon Solutions, the specialist provider of European payment and technology solutions has confirmed its sponsorship of EBAday in Munich. Tom Kelleher, Icon’s Commercial Director has confirmed that Icon will be a key sponsor of EBAday…

Saara Day

4 April 2018

Whitepapers

ISO 20022: The good, the bad and the…

  You would think from the many articles, discussion panels and chaotic clamour regarding ISO 20022 in recent years, that it was the new kid on the block. However, ISO 20022 has been slowly…

Lauren Jones

29 March 2018

Blogs

Optimizing your Chances of Real-time Payments Success

  “Been there, done that, got the scars to prove it!” Experience is a great thing, but it’s sometimes painful to get it the hard way. It’s quicker, less expensive, and generally…

Tom Hay

29 March 2018

Blogs

Instant payments in Hungary – no compromise!

An important meeting took place this week in Budapest between the Hungarian National Bank (MNB), Giro, Nets and various financial institutions to discuss progress with the Hungarian instant payments project.  And the…

Aniruddha Maheshwari

15 March 2018

News

Icon to speak at InstaPay webinar for the…

How can Banks in Germany prepare for Instant Payments whilst controlling costs and managing risks? And what can we learn from those who have already travelled the path to Instant Payments? In…

Saara Day

13 March 2018

Blogs

The Meat in the Sandwich

  Caught between two regulatory juggernauts I’ve been really enjoying the recent Six Nations rugby: there is some phenomenal skill on show, and some very astute tactics, but you can’t beat the…

Mady Dyson

13 March 2018

News

Icon Solutions to exhibit at NACHA Faster Payments…

  London, 12th March 2018 – Icon Solutions, the leading provider of technology solutions and real time payments expertise, are delighted to return as an exhibitor at NACHA’s prestigious Faster Payments 2018…

Mady Dyson

12 March 2018

News

Icon Solutions appoints new Head of Payments Architecture

  London, 9th March 2018 – Icon Solutions, the leading provider of technology solutions and real-time payments expertise, today announced the appointment of Toine van Beusekom as Head of Payments Architecture. With…

Mady Dyson

9 March 2018

Blogs

I pagamenti istantanei in Italia diverranno più popolari…

I vantaggi di essere i primi ad adottare il sistema dei pagamenti istantanei Benché l’azienda EBA Clearing abbia lanciato i pagamenti istantanei dell’area unica dei pagamenti in euro (SEPA) a novembre 2017…

Mady Dyson

7 March 2018

Blogs

Chasing the GDPR ambulance

“Have I got PPI?” that particular earworm is thankfully going to die out soon with the deadline for claims defined and most of the market tapped out. However, brace yourself for another…

Mady Dyson

6 March 2018

Blogs

GDPR – It’s time to show your hand.

  I’m sure your business is deep in the weeds with understanding and remediating GDPR (General Data Protection Regulation), we all are. In the process of the mad rush to meet the 25th…

Mady Dyson

19 February 2018

Blogs

The business case for RTP – moving past…

  While the conversations we have had with payments business leaders point to a willingness to participate in the Clearing House’s RTP scheme, many of them are struggling with the business case…

Mady Dyson

15 February 2018

Blogs

Will Instant Payments be more popular than coffee…

The benefits of being an early-adopter of Instant Payments Even though EBA Clearing launched SEPA Instant Payments in November 2017 via RT1, so far only a handful of banks (early-adopters) have decided…

Aniruddha Maheshwari

15 February 2018

News

Icon’s Darren Capehorn and Gene Neyer Speak to…

  In a recent interview with PYMNTS, Darren Capehorn, Icon’s Director of Services, and Gene Neyer, Executive Advisor, discuss how payments are changing and how flexible technology can help banks adapt to…

Mady Dyson

8 February 2018

Blogs

Some TIPS for the introduction of SCT Inst

  At the European Central Bank’s #TIPSapp event on Tuesday there was lots of focus on opportunity, both short-term and longer-term from the introduction of Instant Payments (IP). The day was to…

Mady Dyson

7 February 2018

Blogs

Instant Payments: What can we expect in 2018?

  2017: The year of Instant Payments  Unless you’ve spent the last 365 days hiding under a rock, you’ll be fully aware that 2017 has been the year of Instant Payments. Regulators…

Mady Dyson

28 December 2017

Blogs

Deutschlands Rolle in der Einführung von SEPA Instant…

  The neusten Zahlen des European Payments Council (EPC) zeigen, dass sich derzeit mehr als 400 deutsche Payment-Service-Provider (PSPs) auf die Einführung der neuen SCT Inst-kompatiblen Instant-Payments-Plattform RT1 von EBA Clearing vorbereiten….

Kate Nelson

19 December 2017

Blogs

Canada embraces Real-time Payments as a platform for…

  In the Canadian market, both consumers and banks have been early adopters when it comes to banking innovation, whether it is mobile, desktop or behind the scenes technology. Canadian consumers generally expect,…

Mady Dyson

14 December 2017

Blogs

Real-Time Payments Adoption in the US: the non-mandated…

  The Clearing House’s (TCH) central processing scheme in the US has recently started Real Time Payments (RTP) testing for the clearance and settlement of funds between banks. The event is significant…

Mady Dyson

7 December 2017

News

Research: Icon unveils changing face of commercial banking…

  Ovum Report: Real-Time Payments Key Driver for $3.3 Billion Rise in Technology Spend by North American Commercial Banks 50 percent of U.S. and 40 percent of Canadian banks to increase investment…

Kate Nelson

5 December 2017

Blogs

Germany’s role in the uptake of SEPA instant…

  The latest stats from the European Payments Council (EPC), show there are over 400 German Payment Service Providers (PSPs) gearing up to go-live early next year with EBA Clearing’s new SCT…

Kate Nelson

27 November 2017

Blogs

Preparing for Instant Payments? Don’t take a knife…

There was much agreement at Retail Banking Europe (#RBE2017) in Amsterdam last week. Banks need to support the digital economy and are slowly reinventing themselves to become digital entities. Although different approaches…

Kate Nelson

21 November 2017

News

Icon’s Head of Payments to present at T-Systems…

  Tom Hay, Icon Solutions’ Head of Payments, will be speaking on instant payments at the T-Systems Symposium on 28th November 2017 in Budapest. This prestigious event takes place annually and hosts…

Kate Nelson

8 November 2017

Blogs

Insights from Money 20/20

  This week the Icon team was at Money 20/20 where we saw a lot of discussion around the new ways in which consumers are interacting with their money, modes of payments…

Kate Nelson

27 October 2017

Blogs

Insights from Sibos 2017: It’s time to think…

  At the recent Sibos 2017 conference in Toronto, one theme rang out loud and clear – it’s time to think about the corporate. The common thread throughout the four-day conference was…

Kate Nelson

25 October 2017

News

Icon to attend Money20/20 Las Vegas

  London, 12th October 2017 –Icon Solutions, the leading provider of technology solutions and real time payments expertise, are looking forward to attending the highly regarded Money20/20 in Las Vegas, which will…

Kate Nelson

12 October 2017

News

Icon’s RTP Team Attend Sibos, Oct 16-19th, Toronto

  London, 10th October 2017 –Icon Solutions, the leading provider of technology solutions and real time payments expertise, are delighted to announce their participation at Sibos, SWIFT’s annual global event for the…

Kate Nelson

9 October 2017

News

Tom Hay, Head of Payments at Icon, appointed…

  London, 5th October 2017 – Icon Solutions are delighted to announce the appointment of Tom Hay, Head of Payments, to the European Payments Council’s Scheme Technical Forum (ESTF). The Forum is…

Kate Nelson

5 October 2017

Whitepapers

Spotlight on Central America

Author: Lauren Jones Date: 2nd October, 2017 Lauren Jones, Icon Solutions’ International Payments Ambassador, has created a profile on Central America’s regional payments scheme: Sistemas de Interconexíon de Pagos (SIP). This shares key facts and figures…

Lauren Jones

2 October 2017

News

Icon Solutions completes functional testing with EBA Clearing’s…

London, 19th September 2017 – Icon Solutions, a leading provider of technology solutions and instant payments consultancy, has successfully completed EBA Clearing’s testing procedure for SCT Inst payments – proving full compliance with the…

Kate Nelson

19 September 2017

News

Icon hosts exclusive instant payments roundtable in Hungary

  Icon Solutions was delighted to host an Instant Payments breakfast roundtable in Hungary, in association with their local partner T-Systems on Wednesday 13th September 2017. Breakfast Roundtable The topic of this…

Kate Nelson

19 September 2017

Whitepapers

Changing lanes in Hungary: From batch to instant…

From July 2019, customers of Hungarian banks will be able to make instant credit transfers of up to HUF 10 million and the beneficiaries would be able to use these funds within…

Aniruddha Maheshwari

19 September 2017

News

Icon Solutions Extends its Real Time Payments Expertise…

  London, 5 September 2017, Icon Solutions, the independent IT payment specialist technology provider and consultancy, has today announced the appointment of a strategic senior hire in Canada. Jason Hayes, has joined Icon…

Saara Day

5 September 2017

News

Icon Solutions begins functional testing with EBA Clearing’s…

London, 4th August 2017 – Icon Solutions, a leading provider of technology solutions and instant payments consultancy, today announces the start of functional testing between the Instant Payments Framework (IPF) and RT1,…

Kate Nelson

4 August 2017

News

Icon’s Director of Services, Darren Capehorn to speak…

Icon’s Director of Services, Darren Capehorn is scheduled to speak at Payments International on Thursday 14th September 2017. Darren will be presenting ‘Instant Payments – it’s not all about speed…or consumers’ and…

Kate Nelson

3 August 2017

Blogs

Are traditional hubs a good fit for instant…

Any mention of payments and multiple schemes, and the gurus are quick to respond with an “industry leader payments hub” as your go-to solution. These hubs are ‘centralized payments platforms’ which provide…

Icon Solutions

3 August 2017

Blogs

Taking Care of Business – The US Approach…

The US has always been more business-friendly than the Old World, and New York is peppered with temples to industry built by 19th century tycoons such as John D. Rockefeller and J….

Mady Dyson

31 July 2017

News

Icon announces charitable donations totalling £62,000

  London, July 13th 2017 – Icon Solutions, an independent award-winning payment and specialist technology company, has donated £62k during the last 12 months in charitable programmes around the world supporting health,…

Saara Day

13 July 2017

Blogs

PSD2 Set to Topple Europe’s ‘House Of Cards’…

We’re at something of an inflection point in the payments landscape. It’s pretty clear that the arrival of PSD2 and Instant Payments will significantly disrupt retail payments, and the media has been…

Mady Dyson

6 July 2017

Blogs

PSD2 and Instant Payments – Membership has its…

  In 2014 Europe started ramping up the rhetoric for building a pan European Instant Payments solution (now known as SCT-Inst). In response, various forums sprung up to enable interested parties to…

Kate Nelson

28 June 2017

Blogs

Insights from EBAday 2017

  It’s fair to say that Dublin in the June sunshine was out to impress the financial world attending the European Banking Association’s 12th annual congress. Dublin, founded by the Vikings during…

Kate Nelson

27 June 2017

News

Finextra interviews Richard Dear on the consequences of…

London, EBAday 2017,  Finextra     Finextra interviews Icon’s Richard Dear on the Ovum research “Instant Payments and the Post-PSD2 Landscape” as well as the challenges banks are facing when planning and implementing…

Saara Day

26 June 2017

News

Finextra interviews Richard Dear on implementing instant payments

London, EBAday 2017,  Finextra     Finextra  interviews Icon’s Richard Dear regarding financial organisations seeking to move to instant payments. In this interview, Richard identifies some of the key challenges involved and…

Saara Day

22 June 2017

Blogs

The EC’s PSD2 RTS: Winners & losers

While the industry continues its race against time to be PSD2-ready in January 2018, there still remains a number of unknowns and conflicting opinions on how the banking and payments landscape will…

Kate Nelson

22 June 2017

News

Icon’s IPF completes connectivity testing with SIAnet

Dublin, June 21st 2017 – Icon Solutions has completed connectivity testing between IPF and SIA’s high-speed and secure network infrastructure SIAnet, which provides access to EBA Clearing’s platform for instant payments. SIAnet…

Kate Nelson

21 June 2017

News

PSD2 and Instant Payments to drive a 37%…

  Retail Instant Payments in Europe will hit €725bn in transactions by the end of 2027 Single card payments set to decline from 40% to 11% market share by 2027 Instant Payments…

Saara Day

19 June 2017

News

Form3 selects Instant Payments Framework (IPF) for SEPA…

London, 14 June, 2017 – Form3, the cloud based end-to-end secure standard for global payments processing, today announced a partnership with Icon Solutions, a payment and specialist technology provider. The deal extends…

Kate Nelson

14 June 2017

News

Icon announces partnership with T-Systems Hungary for Icon’s…

  London, June 13th 2017, Icon Solutions, a leading provider of technology and instant payments solutions, has today announced its expansion into the Hungarian market by partnering with T-Systems Hungary to provide customers with…

Saara Day

13 June 2017

Blogs

How PSD2 is replacing the benefits of cards

The world is now immediate. We’re able to buy things online and have them delivered the same day (sometimes within an hour), our correspondence is sent and reacted to in seconds, and…

Kate Nelson

8 June 2017

News

Icon partners with Capgemini to host a PSD2…

  With PSD2 around the corner and Instant Payments no longer a dot on the horizon, the crucial question is: are you ready? Icon Solutions will be partnering with Capgemini to host…

Kate Nelson

8 June 2017

Blogs

Why SEPA Inst is set to become standard

SCT Inst – or SEPA Instant Credit Transfers – is set to completely change the way that payments are made across Europe. Under the current SEPA scheme, cross-border European payments are processed…

Saara Day

30 May 2017

Blogs

Constructing the future of Financial Services at SWIFT’s…

The banking community of Mexico joined together at SWIFT’s Business Forum in the capital to discuss how the industry should build the future of financial services. It may not come as a…

Kate Nelson

25 May 2017

News

Icon Expands its Payments Expertise to the American…

  London, 23 May 2017, Icon Solutions, the independent IT payment specialist technology provider and consultancy, has today announced the appointment of a strategic senior hire in the US.  James Methe, previously Capgemini’s Senior Director,…

Saara Day

22 May 2017

News

Financial IT magazine features Icon’s “The PSD2 final…

  London, 15 May 2017,  Icon Solutions, the specialist provider of instant payments technology has been published in the April issue of Financial IT’s magazine.  This international publication is renowned for providing cutting edge FinTech…

Saara Day

15 May 2017

News

PYMNTS.COM interviews Icon’s Head of Payments on US…

 London, 09 May 2017, PYMNTS.COM Past Lessons May Prove Invaluable For US Real-Time Payments Rollout Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions…

Saara Day

9 May 2017

News

Icon to speak at Open Banking Summit

Tom Hay, Icon Solutions’ Head of Payments will be a panellist at ECN’s Open Banking Summit, where experts from banks, fintechs and government bodies will gather to discuss the huge potential of the…

Saara Day

25 April 2017

News

Webinar: Is Europe Ready for SCT Inst?

  Icon Solutions is delighted to be participating in the InstaPay webinar: Is Europe ready for SCT Inst? How ready are organisations for SCT Inst? Webinar: Wednesday 3rd May 2017 12pm BST/…

Saara Day

20 April 2017

Blogs

Preventing fraud in real-time payments

  What insights can the U.S. take from early real-time payments adopters?    Change is constant in the banking and payments industry – and organizations that can keep pace with this change…

Kate Nelson

19 April 2017

Blogs

Real-time payments – it’s not always about the…

  Real time means ‘now’, like boom – you have it, just like receiving a WhatsApp message. And if we think of what ‘now’ means for e-commerce, the first things that come…

Kate Nelson

18 April 2017

Blogs

PSD2 and SCTInst: A threat to card payments…

  PSD2 paves the way for a new way to pay online across Europe. Instead of using a card, consumers will soon be able to pay directly from their bank accounts. Similar…

Kate Nelson

12 April 2017

Blogs

Mexico: Cash is king, but not if it’s…

  Lauren Jones, ex Head of Standards at Payments UK, and now Icon’s International Payments Ambassador, reports from out in the field where she is actively testing different methods of payments and…

Kate Nelson

10 April 2017

News

Icon to speak at PSD2 techUK event

  London, 27 March 2017, Tom Hay, Icon’s Head of Payments will speak at the forthcoming techUK event: PSD2 Authentication…the rumours, facts, challenges and solutions on 3rd April, London Last month, saw the release of PSD2…

Saara Day

27 March 2017

News

Icon Solutions confirms sponsorship of EBAday

  London, 23 March 2017 Icon Solutions, the specialist provider of European payment and technology solutions confirms sponsorship of EBAday, 2017 in Dublin Tom Kelleher, Icon’s Commercial Director has confirmed that Icon…

Saara Day

23 March 2017

Whitepapers

PSD2 Final RTS: The Good, the Bad and…

  The EBA’s new final RTS on Strong Customer Authentication (SCA) and Secure Communications is an acceptable offering that seems cover a lot of ground and will satisfy most, but ultimately leaves…

Saara Day

10 March 2017

News

Fintech Finance interview Tom Hay and Richard Dear…

London, 6 March 2017,  Fintech Finance      Fintech Finance interview Richard Dear and Tom Hay at Finovate 2017,  on Icon’s Instant Payments Framework (IPF), a real-time payments orchestration engine, built from the ground…

Saara Day

6 March 2017

Blogs

Payments, the internet of things, and the end…

The internet of things (IoT) is at the peak of the hype cycle, so it’s not surprising to find payment companies trying to jump aboard the gravy train. The problem is, consumers…

Saara Day

6 March 2017

News

Webinar: PSD2 RTS on SCA and Secure Communication

  Following the success of our whitepaper PSD2 Draft RTS: Ten Key Points, we will be holding an exclusive webinar on the key insights from the recently published PSD2 RTS. Final PSD2 RTS…

Saara Day

1 March 2017

Blogs

SEPA: Is the ECB stifling competition with its…

Ten years ago the European Commission (EC) and the European Central Bank (ECB) announced a common vision for the Single Euro Payments Area (SEPA), which they described as an “integrated market for…

Saara Day

28 February 2017

News

Payments Cards & Mobile publish Icon’s blog on…

  London, 27 February 2017,   Payments Card & Mobile publish Tom Hay, Head of Payment and Mark Burlison, Senior Consultant at Icon Solutions blog on SEPA: Is the ECB stifling competition…

Saara Day

27 February 2017

Blogs

The Treasury’s view of PSD2: A step in…

As a European directive, PSD2 has to be transposed into UK law. HM Treasury has recently launched a consultation inviting comment on the proposed legislative changes. The consultation document is written in…

Saara Day

22 February 2017

Blogs

CMA, APIs & PSD2: The knowns and the…

The Competition and Markets Authority (CMA) recently mandated that larger banks adopt and maintain a common standard for open APIs (Application Programming Interface) to help create more innovation and competition in the…

Saara Day

15 February 2017

News

International Business Times interviews Tom Hay and Richard…

 London, 13 February 2017, International Business Times   Apple, Facebook and Amazon primed for PSD2 demolition of the card networks     Quite often people talk about the fabulous opportunities that open…

Saara Day

13 February 2017

News

Financial IT report on Icon Solutions’ partnership with…

  London, 8 February 2017,  Icon Solutions the specialist provider of instant payments technology, has today announced that it is partnering with Featurespace, the world’s leading supplier of Adaptive Behavioural Analytics technology. ARIC™, Featurespace’s advanced…

Saara Day

9 February 2017

Blogs

Instant Payments and the Reactive Manifesto

  Over the last year, we’ve been talking with many banks and payment service providers about the challenges of instant payments.  The most progressive organisations are looking to instant payments as an…

Saara Day

8 February 2017

News

Icon to speak at instant payments webinar

  London, 7 February 2017, Tom Hay, Icon’s Head of Payments will speak at the forthcoming webinar: Avoid the common pitfalls of instant payments installations in association with InstaPay.Today and Lipis Advisors on…

Saara Day

7 February 2017

News

Icon Solutions partners with Featurespace to provide instant…

  London, 6 February 2017, Icon Solutions the specialist provider of instant payments technology, has today announced that it is partnering with Featurespace, the world’s leading supplier of Adaptive Behavioural Analytics technology….

Saara Day

5 February 2017

Blogs

Post-PSD2: What Will Banking Look Like?

The revised Payment Services Directive (PSD2) has been the cause of much hand-wringing in the banking space, with incumbents foreseeing a future when the new banking giants are Starling, Tandem, Monzo and…

Saara Day

31 January 2017

News

Icon selected to present at Finovate Europe 2017

  London, 17 January 2017. After a competitive application process, Icon Solutions have been selected to showcase their innovative response to the need for global Instant Payment solutions, Instant Payment Framework (IPF),…

Saara Day

17 January 2017

News

New survey on the real demand for instant…

  A recent survey conducted by InstaPay.today highlighted that key stakeholders within the instant payments industry overwhelmingly believe that it is consumer demand driving instant payments, and not new regulations. The survey was…

Saara Day

16 January 2017

News

Countdown to SEPA inst

  SEPA instant payments (SCT inst) is the first instant payment scheme to be inter-operable in a region as large as SEPA and is a response to European customer needs for faster…

Saara Day

30 November 2016

News

Instant Payments research in key publications

New research from Lipis Advisors, commission by Icon Solutions, has hit the headlines with a number of payments focused publications. The research “Instant Payments: Insights from Early Adopters” dispels the myths that migrating…

Saara Day

24 November 2016

News

Icon hosts instant payments roundtable in Amsterdam

Icon Solutions was delighted to host its first Payments Breakfast roundtable in Amsterdam, in association with EBA and Finextra on Tuesday 22nd November 2016. The topic of this exclusive roundtable was ‘Instant payments –…

Saara Day

24 November 2016

News

Icon to host PSD2 Payments Workshops in Budapest

  We’re delighted to have been invited by the Hungarian Banking Association to present at their PSD2 Payments Workshop on Monday 12th December 2016 in Budapest, Hungary. At the event, we’ll be…

Saara Day

23 November 2016

News

Research reveals lower cost of Instant Payments implementation…

 Average five year cumulative costs for small and medium-sized banks as low as €500,000 By year five, maintenance fees can make up over 50% of total costs Modular, highly configurable systems remove…

Saara Day

21 November 2016

Blogs

PSD2 – Lessons From India

While reading through the second payments service directive and trying to decipher the recently published RTS draft, I have been trying hard (without much success) not to draw parallels between the soon…

Saara Day

24 October 2016

Blogs

PSD2 – Powered By Pixie Dust

I was recently on a panel at NextGen Banking Nordics, discussing PSD2 (of course) where I was pretty critical of the draft Regulatory Technical Standards (RTS) on Secure Customer Authentication. After the discussion, a…

Saara Day

13 October 2016

News

Icon’s Head of Payments to speak at Fintech…

Tom Hay, Icon’s Head of Payments has been invited to speak at this year’s Fintech Innovation on the 27th October in Budapest, Hungary. The Magyar Nemzeti Bank (MNB) expects to establish an instant payment…

Saara Day

12 October 2016

News

Icon’s Head Of Payments is invited to speak…

Tom Hay, Icon’s Head of Payments has been invited to speak at this year’s NextGen Banking conference, 11th October in Helsinki. Tom will take to the stage alongside other payment industry experts to…

Saara Day

28 September 2016

News

Icon up for major payments award

Payment consultant Icon Solutions has been shortlisted in the ‘Most Disruptive Payments Technology’ category at this year’s Payment Awards. The Payments Awards recognise cards and payments excellence and innovation – and are organised…

Saara Day

26 July 2016

News

Faster Payments 101: Podcast with Tom Hay

Hear an Icon podcast with PaymentEye – Faster Payments 101 with Tom Hay, Head of Payments at Icon Solutions, discussing the real costs of implementing faster payment solutions and the dangers to…

Saara Day

13 July 2016

News

Icon launches ‘Instant Payments Framework’ to open up…

Icon Solutions, the independent IT payment consultancy and specialist technology provider, today announced the worldwide launch of its Instant Payments Framework (IPF). IPF is an agile yet robust software product that expedites…

Saara Day

29 April 2016

News

Icon launches ‘instant payments framework’

Icon Solutions, the independent IT payment consultancy and specialist technology provider, today announced the worldwide launch of its Instant Payments Framework (IPF). IPF is an agile yet robust software product that expedites…

Saara Day

29 April 2016

News

Icon launches ‘Instant Payments Framework’ to open up…

Icon Solutions, the independent IT payment consultancy and specialist technology provider, today announced the worldwide launch of its Instant Payments Framework (IPF). Read More

Saara Day

29 April 2016

News

Icon launches ‘Instant Payments Framework’ to open up…

Icon Solutions, the independent IT payment consultancy and specialist technology provider, today announced the worldwide launch of its Instant Payments Framework (IPF). IPF is an agile yet robust software product that expedites…

Saara Day

29 April 2016

News

Icon Solutions readies Instant Payments Framework

Icon Solutions is gearing up to launch a technology framework that enables banks to connect to instant payment schemes. Read More

Saara Day

27 April 2016

News

Icon’s IPF solution offers financial institutions flexibility, lower…

Icon Launches Instant Payments Framework To Facilitate Real Time Payments. Icon’s IPF solution offers financial institutions flexibility, lower cost of ownership and faster time to market. Icon Solutions, an independent IT payment…

Saara Day

27 April 2016

News

Instant Payments Framework launched by Icon Solutions

The new framework – available worldwide – is set to open up access to real-time payments for banks. UK-based Icon Solutions, an IT payment consultancy and specialist technology provider, describes its Instant…

Saara Day

27 April 2016

News

Moving Banks, Big And Small, To Real-Time Payments

The term “instant payments” conjures up effortless fund flows from one place to another, between individuals, from consumers to companies and between firms themselves. But the latticework and infrastructure behind such speed…

Saara Day

24 April 2016

News

Icon invited to speak at Taylor Wessing‘s Payment…

Sahana Hussain, a senior member of the API Banking practice within Icon Solutions has been asked to speak at Thursday’s Payment Services Seminar, where the focus will be on PSD2 as the market opens…

Saara Day

8 March 2016

News

PSD2 – a view from Financial Institutions

Yesterday, saw the second of our well received payment roundtables with the topical discussion on PSD2: The Payments World Turned Upside Down? – the second iteration of the Payments Services Directive, which…

Saara Day

18 July 2015

News

Icon launches Payments At Breakfast series

Icon Solutions was delighted to host our first Payments Breakfast roundtable, in association with Finextra, this morning. The topic of this exclusive roundtable was ‘The new access model to Faster Payments: Will…

Saara Day

7 May 2015

News

What you may have missed at today’s Payment…

An eclectic group of payment professionals attended this morning’s Payment Services Seminar to discuss PSD2 and its profound impact on the payments industry. Joining the speaker panel was Icon’s Sahana Hussain, a…

Saara Day

10 March 2015

News

Head of Payments to speak at Payments Conference…

Tom Hay, our Head of Payments, was recently invited to speak at the prestigious Payments Conference in Trondheim, Norway. Tom’s presentation “PSD2 – will bureaucracy bury the banks?” looks at one of…

Saara Day

10 March 2015

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