Payments transformation for a digital first, data driven world

The drive for action

 

A myriad of changes for payments are upon us. Instant payments, Open Banking, ISO20022, rising customer expectations, and a tsunami of payment volumes, will ultimately result in the need to deliver significantly more value at a much lower cost. Think at least a 50% reduction in spend… so is this ‘mission impossible’? How do you find the opportunity in amongst the challenges? Icon Solutions empowers financial services clients to accelerate their payments transformation by laying the foundations to innovate, drive new revenue streams and tackle the market disruptors.

 

Payments transformation for a digital first, data driven world

The drive for action

 

A myriad of changes for payments are upon us. Instant payments, Open Banking, ISO20022, rising customer expectations, and a tsunami of payment volumes, will ultimately result in the need to deliver significantly more value at a much lower cost. Think at least a 50% reduction in spend… so is this ‘mission impossible’? How do you find the opportunity in amongst the challenges? Icon Solutions empowers financial services clients to accelerate their payments transformation by laying the foundations to innovate, drive new revenue streams and tackle the market disruptors.

 

Accelerating your payments transformation through our:

  • Value driven approach foc​used on driving down TCO and providing high ROI
  • De​ep industry expertise which provides practical guidance on achieving lasting benefits
  • Methodology, tools and blueprints accumulated from years of successful payments project delivery
  • Leading, open source, cloud native technology which accelerates transformation and empowers our clients in a digital economy

End-to-end services to support your journey to transform

Our portfolio of services is tailored to each stage of the payments transformation journey

1. Strategy Outline
Define the payment strategy by identifying
opportunities that support the business case.

Accelerator tools include: Market Study Report,
Payments Capability Assessment, Payments
TCO Calculator, High Value Payments/Cross Border Proposition Development, UK NPA Proposition, Cloud Adoption Approach.

2. Design & Plan
Prioritise and define the transition roadmap,

which drives the planning and scoping of

workstreams.
Accelerator tools include: Application Porfolio, Target Architecture Roadmap, E2E Payments, ISO20022 Impact Assessment, Data Strategy, ESMIG Test Strategy & Execution

3. Implement
Develop lifecycle activities, products and tools needed to build new service.
s.
Accelerator tools include: System Integration and configuration, IPF, HVP SWIFT Replacement and DLT Gateway, ESMIG Message Adaptors and Delivery Assurance.

4. Operate & Optimise
Deliver business outcomes and reassess to
produce actionable operational improvements.

Accelerator tools include: Icon Test Framework, DevOps transformation enablement, service migration and transition, application, rationalisation and decommissioning.

Our accelerator tools are an important part of the process. For example, our:

  • Market Study Report provides a summary of the factors impacting the industry, an overview on competitors and an insight into business and technology strategies.
  • Payments TCO Calculator forms the foundation for the transformation business case. It helps identify implementation and optimisation opportunities, and enables informed decision making.
  • Payments Target Architecture identifies what ‘good looks like’ when it comes to transforming your payments systems. It helps reduce the time to market and delivers value quickly at lower cost and risk.
  • High Value Payments / Cross-border Payments offers a consultancy assessment of your existing payment strategy to reduce cost, increase speed and transparency of high value payments.
  • Icon Test Framework automates regression testing, reducing testing duration to hours instead of weeks.
  • IPF is our real-time solution for payments transformation. A cloud native, collaborative payments platform, it combines open source technology with lightweight integration, to process payments at a fraction of existing costs.

Proven Success

Start to live in 6 months

Over 50% reduced TCO

Elastic scalability

Agile, continuous delivery

Rolling upgrades and live changes enable zero downtime

RESEARCH

​The Payments Transformation Race: Progress, capabilities and milestones

Icon Solutions has commissioned Aite to explore the payments transformation progress of global banks.

how do you rate against others in the industry?

The race for payments transformation

So how does your organisation compare when it comes to payments transformation?

PAYMENTS TRANSFORMATION

Accelerating your payments transformation

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