Watch our IPF animation and download the Celent research
The Icon Payments Framework (IPF) - the 'grow your own' payments solution
IPF is a low code framework that enables banks to develop their own payment processing solution by leveraging the IPF software development kit and any desired optional modules or ready-made scheme packs. This can be done by the banks themselves or with help from Icon or an SI.
It’s a fundamentally different approach to traditional vendors with Icon delivering code into the bank’s CI/CD pipeline. This limits vendor technology lock-in but still enables banks to leverage Icon's payments strategy and architecture pedigree.
![Low Code](https://iconsolutions.com/wp-content/uploads/2023/09/1694707811693-1ebe5ca8-17e5-4388-9dcc-8e3c76232f79_1.jpg)
Independent research conducted by Celent on behalf of Icon estimates that software developer capacity constraints have impacted banks’ payment revenues by 5% over the past two years. This is leading to increasing interest in ‘low code’ tools and platforms to accelerate the delivery of revenue-generating services, while maintaining control of the development process.
The survey of Tier 1 banks in North America and Europe found that the account-based payments processing model remains under significant and sustained pressure. Despite a high interest rate environment, 61% reported that margins are becoming more difficult to maintain amid evolving customer expectations, increasing regulatory demands and the emergence of new competitors.
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