visimoney
TLDR:
- NatWest Group invests in Icon Solutions to enhance payments modernization.
- Icon Solutions’ Icon Payments Framework (IPF) is a key aspect of the investment.
NatWest Group has made a strategic minority investment in Icon Solutions to accelerate its payments modernization agenda. This investment aligns with NatWest’s commitment to staying at the forefront of the payments industry, exemplified by the selection of the Icon Payments Framework (IPF) in the previous year. The IPF, introduced by Icon Solutions in 2020, is a low code payment framework that enables business payment experts to create leading industry workflows and allows engineering teams to customize integrations with existing bank systems quickly.
The investment in Icon Solutions aims to support NatWest’s strategic objectives in the payments sector, offering customers more choice and setting the stage for future innovations in payments. Mark Brant, Chief Payments Officer at NatWest, emphasized the significance of the investment in enhancing the bank’s modernization in payments technology to better serve customers and lead the industry. The collaboration between NatWest and Icon Solutions underscores their common belief in using low-code technologies to deliver new payment systems efficiently and safely.
The investment represents a crucial milestone for NatWest Group in its journey towards delivering cutting-edge payment solutions, ensuring safe, immediate, and flexible payment services for its customers. As NatWest solidifies its position as a leader in payments innovation, the partnership with Icon Solutions is poised to drive further advancements in the payments landscape.
