Transforming payments: From consolidation to collaboration

At Icon Solutions, we believe a new mindset is required for acheiving lasting payments transformation in an evolving data driven and digital world. Banks need to move away from consolidating different payment systems to focusing on empowerment through collaboration and reusing the existing knowledge base.

IPF has been built with this belief at heart. A cloud native, collaborative payments platform, IPF combines open source technology with light-weight integration, and processes payments at a fraction of existing costs. Unlike traditional payment ‘hubs’, IPF enables a low risk approach to transformation while deploying new products and value-added services quickly and cost-effectively.

Full implementation of new real-time payment capability with IPF has been achieved in under six months. Total cost of ownership is reduced by over 50% and new services are being delivered in weeks. Customers are taking control and developing new functional capability themselves.