Traditional banks and financial institutions are competing in an increasingly crowded market with disruptive, agile neo-banks and FinTechs.
To retain or grow market share, banks must be able to rapidly adapt and innovate – so they must accelerate the transformation and modernisation of critical systems and infrastructure.
This brings many advantages (such as reduced operating costs, and faster time-to-value) but the risks associated with transforming business-critical core banking platforms – which are often inflexible, complex, and senescent – must not be underestimated.
Icon Solutions helps our banking customers to navigate these straits, using our proven experience designing and implementing technology initiatives and strategies. We bring together stakeholders from the business and IT in a collaborative approach, which enables the safe and pragmatic transformation of core banking to meet strategic business objectives and service demands, such as by gradually migrating off-mainframe to parallel core capabilities hosted on cloud platforms.
Creating a long-term IT strategy that delivers the needs of the business, but is also practical and achievable, is a serious challenge - particularly when it is restricted and burdened by intransigent infrastructure.
At Icon Solutions, we help our customers evolve their legacy platforms to support dynamic services fit for the modern banking landscape, by developing strategies to support pragmatic, continual transformation, instead of unending fire-fighting or disruptive “big bang” approaches.
We can expertly advise on architecture and technology transformation using our deep knowledge of banking systems, along with extensive practical experience of modern technical architectures and IT operating models. We understand technology and its utilisation to a great degree, but we are agnostic (and therefore completely transparent) regarding software vendors and technology providers: we can evaluate technology candidacy on a case-by-case basis to provide genuinely unbiased opinions.
We typically work with clients in one of two ways, the former often evolving into the latter:
Would you like to find out how Icon can assist you on your core banking transformation journey?
CASE STUDY
The Future of Payments: Transformation with BNP Paribas
Discover how we enabled a visionary payments transformation project
CASE STUDY
Enhancing the technology strategy for corporate payments
Discover how we helped this bank sharpen and future-proof their technology strategy for payables and receivables products
News
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.
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News
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 Icon Solutions Payments Framework (IPF) to accelerate the bank’s payments modernisation.
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News
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 with Icon Solutions demonstrates Citi’s strategy of working with fintechs to strengthen its technology and payments capabilities.
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