Icon Solutions, a UK-based fintech that supports banks worldwide in designing and implementing modern payment systems, has announced a new equity investment from UBS.
The round also includes further funding from existing backers Citi and NatWest.
Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) for Personal & Corporate Banking and GWM Switzerland & International at UBS, said:
“This investment reinforces our partnership with Icon and confirms our commitment to deliver faster to market, future-ready payment solutions for our clients. The collaboration helps us drive innovation at scale and enhances our capabilities for seamless instant payments and advanced transaction processing.”
UBS will join Citi and NatWest, both users of the Icon Payments Framework (IPF) to support their payments modernisation efforts, in contributing to the strategic direction and development of the platform.
Tom Kelleher, Co-Founder and Director of Icon Solutions, said:
“With IPF now internationally proven and increasingly adopted by major financial institutions, we look forward to continuing our close partnerships with Citi, NatWest and UBS to build on this global momentum and deliver truly innovative and groundbreaking payments solutions.”
IPF is a development framework that enables banks to build, test and deploy payment processing solutions more efficiently, while maintaining full control over project timelines and costs.
Featured image credit: Edited by Fintech News Switzerland, based on image by photobyphotoboy via Freepik
