Payments Solutions

We enable banks to meet the changing demands of an open, digitalised and real-time payments business, through innovative technology solutions and subject matter expertise

Payment providers need to cut costs, deal with increasing regulatory and competitive change, manage heightened fraud risk and differentiate to drive revenue growth through value added services.


Icon's approach:

  • Our Enterprise Services Pedigree: From inception, Icon consultants have designed and implemented state of the art integration architectures and data platforms, foundational for the robust processing of payments 
  • The Icon Payments Blueprint: Reference models and accelerators based on extensive experience and best practices to develop a payments roadmap, speed up implementation and reduce costs and risk
  • Icon's Payments Solution, IPF:  Provides a technical platform for transforming at speed to a real-time environment and enabling value added services that drive new revenue streams

Payments Solutions

We enable banks to meet the changing demands of an open, digitalised and real-time payments business, through innovative technology solutions and subject matter expertise

Payment providers need to cut costs, deal with increasing regulatory and competitive change, manage heightened fraud risk and differentiate to drive revenue growth through value added services.


Icon's approach:

  • Our Enterprise Services Pedigree: From inception, Icon consultants have designed and implemented state of the art integration architectures and data platforms, foundational for the robust processing of payments 
  • The Icon Payments Blueprint: Reference models and accelerators based on extensive experience and best practices to develop a payments roadmap, speed up implementation and reduce costs and risk.
  • Icon's Payments Solution, IPF:  Provides a technical platform for transforming at speed to a real-time environment and enabling value added services that drive new revenue streams

Payments
Solutions

We enable banks to meet the changing demands of an open, digitalised and real-time payments business, through innovative technology solutions and subject matter expertise

Payment providers need to cut costs, deal with increasing regulatory and competitive change, manage heightened fraud risk and differentiate to drive revenue growth through value added services.


Icon's approach:

  • Our Enterprise Services Pedigree: From inception, Icon consultants have designed and implemented state of the art integration architectures and data platforms, foundational for the robust processing of payments 
  • The Icon Payments Blueprint: Reference models and accelerators based on extensive experience and best practices to develop a payments roadmap, speed up implementation and reduce costs and risk.
  • Icon's Payments Solution, IPF:  Provides a technical platform for transforming at speed to a real-time environment and enabling value added services that drive new revenue streams

​Payments Transformation

Moving from legacy to modern technology is complex. You require richer functionality but also need more flexibility. You want to be able to move at speed, but with lower risk. You need to meet ever rising regulatory and industry demand, be that introducing overlay services, grasping the opportunity of PSD2 and Open Banking or leveraging new real-time rails and methods of payment. And you need to do all of this whilst reducing costs. So how do we simplify these complexities?

 

Follow Icon's Principles for Payment Transformation:

  • Decouple the payments value chain to distinguish commodity from differentiation
  • Simplify the payment process flow to avoid repetition of processing task
  • Build with scale and resilience at the heart of every activity
  • Move from message driven payments to data driven 'smart' payments
  • Approach transformation with options through ease of integration.

Payments Transformation Case study

Find out how Icon helped this tier 1 global bank with technology and advisory services to drive the roll-out of instant payments in Europe and to support their digital transformation needs of the future.

Leveraging the Icon Centre of Excellence

Our unrivaled team of payments experts have the deep domain expertise and the specialist skills you need, whether it be fast-tracking payments projects or enabling full payments transformation.


Our payments subject matter expertise is brought together under the Centre of Excellence where our team collaborate on the Icon Payments Blueprint, to bring models, use cases, sample flows and thought leadership around the full Payments Value Chain to the benefit of clients.


Through our Centre of Excellence, we;

  • Deploy experienced practitioners – technologists and subject matter experts - who have designed and delivered major payments transformations projects for processing, data and value-added services
  • Help articulate the true power of payments - besides understanding the latest industry and regulatory requirements and trends (i.e. Open Banking, payments scheme implementations), we help to translate real business needs to IT requirements to deliver the roadmap and business case for the most appropriate payments solutions
  • Offer expertise and know-how to meet the challenges of transitioning to a 24/7/365 instant payments operating model
  • Enable empowerment. We train client resourced teams and augment their capability


Payments Transformation Case study

Discover how we implemented a Ring Fence Banking Solution for a Major UK Bank in just four months

IPF a dedicated payment solution to meet evolving business needs  

Icon’s focus is to assist banks in the design and implementation of real-time payment architectures that meet the rigorous demands of the highly digitalised, open and disruptive world in which financial institutions operate.


In this context and with this experience Icon developed IPF, a new generation payments platform which empowers payment providers to serve customers by delivering personalised new payment services quickly, at low cost and with minimal risk.


The solution is built transparently, leveraging modern open source technology to provide flexibility, scalability, and exceptional resilience. The ease of integration into legacy environments allows the harnessing of existing assets where appropriate.


Payments Transformation Case study

Find out how we helped a leading UK financial institution with their challenges around the performance and resiliency of their payments systems

​WHITEPAPER

Creating a Next-Gen Payments Platform for a Digital Economy

Our new whitepaper aims to identify the threats that new age banking service providers present, the new use-cases arising in the industry and the opportunities available for incumbent banks to not only face these threats head-on but to also emerge as winners through a more proactive longer-term and strategic use of modern technology.

Contact us today

To feel empowered and in safe expert hands

Contact us today to discuss your payment challenges

Contact us today to discuss your payment challenges