Icon In The News

Icon extends IPF to support Swiss instant payments with new SIC5 scheme pack

Date: 2nd May 2024

London, UK: Icon Solutions today announces that it has developed and launched a new SIC5 scheme pack for its Icon Payments Framework (IPF) – the payments solution putting global banks in control – to accelerate support for domestic instant payments in Switzerland. SIC5 is the latest generation of the Swiss Interbank Clearing System (SIC) from the Swiss National Bank (SNB) and SIX, enabling ...

Categories IPF Press Release

Icon Solutions Welcomes Citi Executives to its Board of Directors

Date: 22nd April 2024

London, UK: Icon Solutions has today announced the appointment of James West, Head of Payments’ Business Execution & Platform Modernisation, Citi Services, to its Board of Directors. Amit Rijhsinghani, Head of Payments Technology, Citi Services, has also been appointed as a Board Observer. James brings over 25 years of experience in global banking technology roles. He joined Citi in 2013 ...

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NatWest invests in Icon Solutions reinforcing commitment to payments modernisation

Date: 14th March 2024

London, UK: NatWest has announced a strategic minority investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest selected the Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation. Launched in 2020, IPF is a low-code payment framework that empowers business pay...

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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...

Categories Press Release

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 ...

Categories Press Release