British fintech firm Icon Solutions, a pioneer in payment systems, has recently attracted attention from UBS, which has joined a funding round that also includes existing investors Citi and NatWest. This significant investment, announced in a press release on Thursday, underscores Icon’s commitment to enhancing payment capabilities for banks around the globe.
Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) at UBS, highlighted the importance of this partnership, stating, “Icon is an important partner of UBS and plays a key role in modernizing payment platforms through innovative infrastructure solutions. This investment strengthens our partnership with Icon and underscores our commitment to providing our clients with faster and future-ready payment solutions.”
By collaborating with Icon, UBS and other banks seek to fuel innovation in instant payments and streamline advanced transaction processing, enhancing overall performance in this fast-evolving sector.
Tom Kelleher, co-founder and CEO of Icon Solutions, expressed enthusiasm about the funding, stating, “This funding round further validates our core belief that banks should be empowered to transform their payments operations themselves.”
The Icon Payments Framework (IPF), a development platform increasingly embraced by major financial institutions, is central to this vision. The IPF equips banks with the necessary technology and processes to independently upgrade their payment infrastructures, allowing for accelerated development, testing, and deployment while ensuring that banks maintain control over timelines and costs.
Founded in 2009, Icon Solutions is headquartered in London and has a representative office in New York, hinting at a global ambition to revolutionize payment systems. Icon is on a mission so significant that it could make even your morning coffee payments feel cutting-edge!
What is Icon Solutions known for?
Icon Solutions specializes in payment systems and focuses on developing innovative infrastructure solutions for banks worldwide.
How does the partnership with UBS benefit Icon Solutions?
The partnership with UBS enhances Icon’s capabilities in refining payment solutions and accelerates the development of their Icon Payments Framework (IPF) to better serve their banking clients.
When was Icon Solutions founded?
Icon Solutions was founded in 2009 and is based in London, with a representative office in New York.
