How they describe themselves: Icon is an independent IT payment consultancy and specialist technology provider serving financial institutions across the globe. From IT strategy, architecture and design, to project delivery and software development, Icon allows institutions to rapidly capitalise on the latest technology and market drivers to reduce costs, boost revenues, and ensure compliance with regulatory and industry standards.
Instrumental in helping financial institutions efficiently deploy Instant Payments services in the UK, Icon’s world class advisory team has a proven track record and unparalleled payments knowledge. Trusted by institutions across the globe, Icon has the expertise to build the technologies and the vision to lead the industry.
How they describe their product/innovation: The Instant Payments Framework (IPF) is an agile yet robust software product that expedites financial institutions’ transition towards instant payments. This evolution to instant payments is often a costly venture, reserved for big banks with big budgets and big platforms. By adopting a framework approach, IPF improves flexibility, accelerates time to market and reduces cost, giving financial institutions who use it an unfair advantage in the transition to instant payments.
Faster time to market: Streamline system set-up, eliminating bespoke development, and enabling one-click testing
Improved agility: Pre-built components can be easily extended and customised by the bank rather than the vendor
Reduced TCO: Open source software stack, small hard
Product distribution strategy: Direct to Business (B2B), licensed