Associated tags: UBS, Systems integrator, Architecture, IPF, Citigroup, BNP Paribas, Icon, NatWest, Heart, Professional Services, Banking, Online shopping, Finance, Fintech, Pedigree, Small intestinal bacterial overgrowth, Pressure, Cryptocurrency, Research, Gerald Celente, Payments
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Cryptocurrency Icon Solutions has today announced the appointment of James West, Head of Payments’ Business Execution & Platform Modernisation, Citi Services, to its Board of Directors.
Key Points:
- 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.
- Amit joined Citi 13 years ago and is responsible for formulating and driving the technology strategy for Payments within Citi Services.
- The appointment of James and Amit to Icon’s Board of Directors follows Citi’s strategic investment in Icon in December 2023.
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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.
Key Points:
- 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.
- Mark Brant, Chief Payments Officer at NatWest comments:
“Our relationship with Icon Solutions has already helped us to bring our payments estate to life.
- “Overcoming vendor lock in and powering in-house builds with the Icon Payments Framework (IPF), NatWest can now drive change from within.
Retrieved on:
Monday, September 18, 2023
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Online shopping Independent research conducted by Celent on behalf of Icon Solutions estimates that software developer capacity constraints have impacted banks’ payment revenues by 5% over the past two years.
Key Points:
- Independent research conducted by Celent on behalf of Icon Solutions estimates that software developer capacity constraints have impacted banks’ payment revenues by 5% over the past two years.
- Many large banks prioritise in-house builds over buying vendor packages for payments processing software to maintain control and competitive differentiation.
- This enables software development without manual coding, increasing developer productivity and enabling non-technical product specialists within the bank to contribute to the development process.
- “Many large banks face the same challenges, with the need to deliver payments modernisation and product enhancements stymied by capacity limitations.
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Virtusa SOUTHBOROUGH, Mass., June 16, 2023 /PRNewswire/ -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, today announced a strategic partnership with Icon Solutions, a leading specialist provider of solutions and technology services that simplify payments transformation. This collaboration brings together Virtusa's expertise and Icon Solutions' proven payments solution, the Icon Payments Framework (IPF), creating a powerful alliance to propel successful payments transformation for banks worldwide.
Key Points:
- Virtusa and Icon Solutions announce a collaboration to join forces and unlock a new era of payments transformation for banks worldwide.
- SOUTHBOROUGH, Mass., June 16, 2023 /PRNewswire/ -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, today announced a strategic partnership with Icon Solutions, a leading specialist provider of solutions and technology services that simplify payments transformation.
- This collaboration brings together Virtusa's expertise and Icon Solutions' proven payments solution, the Icon Payments Framework (IPF), creating a powerful alliance to propel successful payments transformation for banks worldwide.
- By combining decades of global payments implementation experience with handpicked partners, Virtusa and Icon Solutions are establishing a thriving ecosystem that empowers banks to achieve their payments transformation objectives.
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A2A In response, banks are increasingly turning to vendors and third parties for payments processing, enabling focus to remain on other strategic priorities.
Key Points:
- In response, banks are increasingly turning to vendors and third parties for payments processing, enabling focus to remain on other strategic priorities.
- This market dynamic presents a sizeable opportunity for banks to adopt Payments Processing as a Business (PPaaB) strategies.
- Although many banks already provide payment and banking services to other banks through existing correspondent banking models, there is significant potential to expand these opportunities further.
- To download the full report, The Payments Processing Opportunity for Banks: Moving Account-Based Payments From Cost Centre to Revenue Stream, click here .
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Monetization Research conducted by Celent on behalf of Icon Solutions and MongoDB has revealed the bank data services that corporates will pay for, and the ones they consider table stakes.
Key Points:
- Research conducted by Celent on behalf of Icon Solutions and MongoDB has revealed the bank data services that corporates will pay for, and the ones they consider table stakes.
- Payments data monetisation is an increasingly key strategic priority for banks, with 38% reporting it as an objective of technology transformation investments.
- But payments data monetisation is not a one-off product initiative, it is a strategy that must span the entire organisation.
- Ultimately, the report highlights that payments data monetisation is about more than revenue.
Retrieved on:
Thursday, October 29, 2020
Icon Solutions , the specialist provider of world-class payment solutions and consultancy services, today announced a strategic investment from J.P. Morgan.
Key Points:
- Icon Solutions , the specialist provider of world-class payment solutions and consultancy services, today announced a strategic investment from J.P. Morgan.
- Icon Solutions is a leading global provider of payments technology and expertise, with a proven track record developing, implementing and running innovative, mission critical transaction banking solutions.
- Were excited to support Icon with this strategic investment as they look to continually build a simplified, collaborative payments ecosystem, driving emerging payments rails and innovation, said Sara Castelhano, EMEA Head of Payments, Digital and Solutions, J.P. Morgan Wholesale Payments.
- Investment from J.P. Morgan is recognition of our achievements to date in supporting the evolution of the payments industry.
