PAYMENTS

Accelerating payments transformation to drive business value

We are at the forefront of defining and realising the next generation of payments. Together we empower our clients to deliver the payments and technology change they need to meet the demands of tomorrow.

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Specialising in payment solutions

Our payments services enable banks to meet the changing demands of an open, digitalised and real-time payments business, through innovative technology solutions and subject matter expertise. Icon Solutions empowers financial services clients to accelerate their payments transformation by laying the foundations to transform, drive new revenue streams and tackle market disruptors, enabling our clients to find opportunities in amongst the challenges.

KNOWLEDGE AND EXPERIENCE

Payments Centre of Excellence

The Payments Centre of Excellence brings together our consultants with deep expertise in payments and architecture, supported by a suite of assets and accelerators such as Icon’s “Payments Blueprint” and capability reviews. It also provides the knowledge base for thought leadership, underpinned by continuous industry research and insights. Together, these elements enable us to support clients across the full payments value chain and guide them on their transformation journey.

Through our Centre of Excellence, we:

Deploy subject matter experts who have designed and delivered major payments transformations projects for processing, data and value-added services

Help translate real business needs to IT requirements, through vast combined knowledge of the latest industry and regulatory requirements and trends

Offer expertise and insights to manage the technical and operational considerations of transitioning to a 24/7/365 instant payments model

Provide clients with a strategic vision, target architecture and roadmaps to transform their legacy payments estate to modern, real-time and low-cost solutions

Thanks to Icon's vast knowledge of, and expertise in, ISO 20022 payments transformation, the whole migration process ran smoothly. Managing three major stakeholders is not an easy task, yet Icon was able to find a common approach and resolve any implementation issues, quickly, efficiently and without any major impact

Team Manager

UK Tier 1 bank

Many a time we needed you on the fly for ad-hoc discussions, and on each occasion your supportive and clear approach was invaluable. Few architects will support the Business Analyst team to understand technical requirements and you are the best out of them.

Tier 1 bank

The outcome of the project exceeded our expectations. Our new architecture has improved operational efficiency, reduced costs, and increased overall business agility. We were impressed with the quality of Icon’s work, attention to detail, and the level of support throughout.

Director

Tech-led provider of premium finance

Icon focus on providing solutions to highly complex problems through high quality skillsets in the people they provide. During my time working with Icon, I can be assured of whatever challenge I ask them to help solve, they do so in a transparent, trusted and professional way working alongside our colleagues to deliver great results.

Tier 1 bank

PAYMENTS SERVICES

Our payments capabilities

Payments Technology Strategy

There are big opportunities for enhanced payments innovation and lower-cost services due to developments including growth of real-time payments volumes, new data standards, cloud provision, and API-connectivity.

A technology strategy plays a vital role in supporting payments transformation by enabling the bank to cut costs by factors not percentages, build new ways to differentiate and generate revenue in payments, and achieve greater resilience in light of increased risk and regulatory scrutiny. Payments processing needs to transform for much greater volumes, growth of real-time and always-on services, and a changing business model where value from differentiators is decoupled from low margin payments execution.

Banks need to set out up-to-date progressive payments technology strategies that harness these new capabilities in processing systems and payments data. This will deliver stronger customer propositions, lower-cost operations, and more robust compliance, enabling banks to future proof the business allowing them to swiftly respond to both industry and regulatory drivers.

Examples of key themes and industry drivers that influencing payments strategy for banks include: Faster Payments Enhancements, ISO 20022, Digital Currencies, Order Management, PPaaB.

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CASE STUDY

Explore our success stories

Discover how leading organisations have partnered with us to solve complex challenges, drive innovation, and achieve measurable results.

Defining a data model to support a payments transformation journey

Featured RESOURCES

Thought leadership

Explore our selection of resources - insights, case studies, whitepapers and more, designed to help financial services organisations navigate the payments landscape.

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Blog