Traditional banks and financial institutions are competing in an increasingly crowded market with disruptive, agile neo-banks and FinTechs.
To be able to perform in an agile and service-centric landscape – as well as meet the underlying regulatory requirements – banks must accelerate the end-to-end modernisation of critical systems and infrastructure, to streamline customer journeys built from both internal and third-party services.
This brings many advantages (such as greater IT flexibility, and faster realisation of new customer / partner offerings) but the risks associated with an API-centric technology strategy are also significant, and manifest themselves widely across IT platforms, systems, and applications.
Icon Solutions has proven experience designing and implementing digital transformation initiatives in the banking industry. We bring together stakeholders from the business and IT in a collaborative approach, which enables technology platform transformation, thereby accelerating delivery of secure customer-centric digital propositions.
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 digital enablement journey?
CASE STUDY
Delivering UK Open Banking and PSD2 compliance in record time
Discover how Icon delivered APIs for a leading UK bank helping them avoid breaching CMA and PSD2 regulations.
CASE STUDY
Fast tracking digital customer onboarding
Find out how Icon dramatically improved customer experience for corporate customer on-boarding for a global Tier 1 bank.
CASE STUDY
Delivering a seamless customer experience for Open Banking
Icon designed and developed this Tier 1 Bank’s App-to-App programme in response to PSD2/CMA Open Banking regulation.
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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