Blogs

What are the key considerations for adopting Request…

When it comes to new ways to pay, consumers are making their preferences known. Overwhelmingly, today’s customers want fast, easy, and secure transactions and are increasingly willing to try new and emerging…

Scott Gardiner

3 May 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

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

COVID-19 has accelerated innovation in payments

COVID-19 has been a major stress test for digital transformation. Merchants have had to ramp up their e-commerce, delivery and card-not-present capabilities. As COVID-19 continues to take its toll, players in the…

Lauren Jones

29 September 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

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

Blogs

ISO 20022 – the bedrock for payments transformation

A recent webinar, hosted by Icon Solutions, convened a panel of industry experts to explore the progress of ISO 20022 in the US and across the world, and what this means for…

Lauren Jones

24 March 2020

Blogs

Cloud: Does it deserve a bad rap from the Treasury?

In October, the UK Treasury Committee published a report on IT Failures in the Financial Services Sector and in November, it launched an inquiry that will focus on “the common causes of operational incidents…

Aniruddha Maheshwari

28 January 2020

Blogs

Pan European instant payments: dream or reality?

It has been two years since the European Payments Council published the SEPA Instant Credit Transfer (SCT Inst) scheme and EBA Clearing launched RT1 – their infrastructure solution for the processing SCT…

Lauren Jones

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

Striving for ubiquity and interoperability in the US

The first Faster Payments Barometer, conducted by the US Faster Payments Council in partnership with Glenbrook, received over 700 responses with broad coverage across industry stakeholder groups such as financial institutions, core…

Gene Neyer

11 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

Blogs

5 Key Takeaways from AFP Conference 2019

AFP Annual Conference drew a huge number of attendees this year and packed a lot into three days. People came from far and wide to attend and discuss all things payments, risk…

Jason Hayes

29 October 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

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

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

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

The battle for RTP dominance in the United…

Since Fed catalysed the private sector to deliver real-time payment capabilities, there has been advocacy for the central bank backed, real-time payments (RTP) scheme. Many feel the lack of a ubiquitous RTP…

Gene Neyer

13 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

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

Blogs

FedPayments forum guiding the US toward a faster,…

Last week I attended the Federal Reserve’s inaugural FedPayments Improvement Community Forum in Chicago which had six Fed COOs participating and the Fed Governor, Lael Brainard, giving the opening keynote.  The purpose…

Gene Neyer

8 October 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

Drawing the Line on Payment Messages

I recently attended a meeting of the European Payments Council (EPC) Scheme Technical Forum, a group of payments professionals who carry out technical assessments of changes proposed to the SEPA schemes –…

Tom Hay

5 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

Blogs

EBAday 2018 and avoiding the instant payments ‘cliché’

There was one overwhelming take away for me from EBAday in Munich. It was that the phrase “instant payments is the new normal” has become meaningless. The statement fails to capture the…

Richard Dear

22 June 2018

Blogs

Identity Management in a Digital World

‘Customers are willing to sacrifice security for engagement’, one speaker said to a full ballroom of payments professionals at the Global LEI (Legal Entity Identifier) Foundation (GLEIF) workshop in San Francisco. Customers…

Lauren Jones

7 June 2018

Blogs

Reactive Systems: Let’s write a TFTP server with:…

  Welcome back! The past two posts in our series on building reactive systems have dealt with the topics of performance and fault-tolerance. In this post I’m going to talk about resilience,…

Patrick Altaie

29 May 2018

Blogs

Comment tirer parti des paiements instantanés afin d’assurer…

  En France, de nombreuses banques étudient actuellement l’évolution des systèmes de paiement en vue d’adopter les Instant Payments. Ceci est principalement dû à des facteurs tels que la réduction des coûts,…

Aniruddha Maheshwari

3 May 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

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

Top 5 TIPS for the Introduction of SCT…

  The recent InstaPay webinar “Transitioning to Instant Payments in Germany” provided some more TIPS (pun intended) for the introduction of SCT Inst.  Icon’s very own Gene Neyer took part along with…

Richard Dear

28 March 2018

Blogs

Leveraging Instant Payments to future proof your payments…

In Germany, many of the smaller banks (for example Sparkasse banks) have opted to use payments as a service via a Technical Service Provider (TSP) in order to deliver Instant Payments.  This…

Aniruddha Maheshwari

27 March 2018

Blogs

Reactive Systems: How to Fail Nicely

  In the previous post in this series, we talked about the performance and scalability benefits that we get from actors and the actor system. I also briefly mentioned fault tolerance and…

Patrick Altaie

20 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

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

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

Video – Instant Payments: ça marche!

  As part of Icon’s continued efforts to support the adoption of Instant Payments across the Eurozone, we were invited to present our thoughts and expertise on Instant Payments to a wide…

Mady Dyson

12 January 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

Reactive Systems: It’s Actors All the Way Down

  Much of what we write about on the Icon blog is instant payments and instant payment adoption around the world. This blog is part of a series, which aims to bring…

Patrick Altaie

20 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

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

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

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

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

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

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

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

Blogs

PSD2 and Instant Payments Rewrite the Script

  PSD2 brings a seismic shift in what it fundamentally means to be a bank. It’s no longer enough to be a trusted custodian of consumer transactions and the traditional bank position…

Daniela Sarti

22 May 2017

Blogs

How real is the US on real-time payments?

  With real-time payments on the horizon for the US, NACHA’s Faster Payments 2017  was a key conference for payments professionals. But how close is real-time payments to becoming the norm there…

Daniela Sarti

9 May 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

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

Blogs

7 Minutes of Fame at Finovate

  At Finovate Europe, 2017, 71 Fintech companies got to present their latest and greatest products via a 7 minute live demo, in front of 1,500 people.  What makes this years’ Finovate…

Daniela Sarti

27 February 2017

Blogs

Hungary marches towards Instant Payments

The end of 2016 witnessed an excellent step by the Hungarian Central Bank (MNB) – the release of the ‘Operational model of the instant payment service in Hungary’. It is remarkable for…

Saara Day

17 January 2017

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