Icon In The News

Citi Expands Its Payments Innovation Toolkit with Investment in Icon Solutions

Date: 6th December 2023

New York, NY: Citi Treasury and Trade Solutions (TTS), within Citi’s Services organization, has made an investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services. In addition to the investment, Citi plans to expand its use of the Icon Payments Framework (IPF) to enhance its micro-services orchestration architecture. This investment and relationship ...

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The Icon Payments Framework (IPF) Achieves AWS Qualified Software Status to Empower Cloud-Native Payments Transformation

Date: 23rd November 2023

Icon Solutions today announces that its Icon Payments Framework (IPF) – a low-code, cloud-native, open source-based technology framework used by leading banks globally – has been awarded ‘Qualified Software’ status by Amazon Web Services (AWS). Icon has also become a member of the Amazon Partner Network. IPF simplifies payments transformation by allowing banks to develop their own payme...

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Research Reveals Software Development Limitations Cost Banks 5% a Year in Lost Payment Revenues

Date: 18th September 2023

Banks are increasingly turning to ‘low code’ for payments processing to take control of their transformation journey. Independent research conducted by Celent on behalf of Icon Solutions 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 ...

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Icon Solutions Expands Scope In North America: Icon Payments Framework (IPF) is FedNow-Ready

Date: 11th September 2023

Proven payments solution is helping banks balance scheme compliance and ISO 20022 migration with strategic innovation and cost-cutting priorities Icon Solutions, a specialist provider of solutions that accelerate payments transformation, has developed and launched a FedNow scheme pack for its Icon Payments Framework (IPF). U.S. banks can now connect to the FedNow Service in record time to provide...

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NatWest selects Icon for Payments Modernisation

Date: 5th September 2023

NatWest has selected Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation as it continues to align with the new global ISO 20022 payment data message standards. The partnership allows NatWest to initially leverage a Single Euro Payments Area (SEPA) processing engine along with ready-made scheme packs including the recently mandated SEPA Instant capability, in addition...

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Virtusa and Icon Solutions forge strategic partnership to drive global payments transformation

Date: 15th June 2023

Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, today announced a strategic partnership with Icon Solutions, a leading specialist provider of solutions and technology services that simplify payments transformation. This collaboration brings together Virtusa’s expertise and Icon Solutions’ proven payments s...

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