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, a leading specialist provider of solutions and technology services that simplify payments transformation, including IPF (Icon Payments Framework), has today announced the appointment of Donal Fleming as Chief Technology Officer (CTO).
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Blogs
In recognition of IWD – and to celebrate the women championing digital at Icon – we speak to Sirin Sevinc, Head of IPF Solution Architecture, and Tamsin Crossland, Principal Architect, about what ‘DigitalALL’ means to them.
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Blogs
This blog explores how Pay.UK and banks have prepared for the NPA and highlights key requirements and challenges likely to arise during the first phase.
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