Latest news with #IconPaymentsFramework
Yahoo
2 days ago
- Business
- Yahoo
UK paytech firm Icon Solutions gets funding from UBS
Icon Solutions, a UK-based payment technology company, has secured equity investment from UBS, with additional funding from existing stakeholders Citi and NatWest. Financial terms of the transaction remain undisclosed. This capital infusion is intended to support the ongoing development and strategic trajectory of the Icon Payments Framework (IPF). The IPF is a developmental framework designed to assist banks in the rapid transformation of their payment infrastructure. It allows financial institutions to independently build, test, and implement payment processing solutions, maintaining full oversight of project timelines and costs. Icon Solutions co-founder and director Tom Kelleher 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 ground-breaking payments solutions.' UBS GWM Switzerland & International personal & corporate banking Group Operations and Technology Office (GOTO) head Pieter Brouwer stated: '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, a Swiss wealth manager, joins Citi and NatWest in this investment, with the last two firms already using the IPF. As of the fourth quarter of 2024, UBS managed assets worth $6.1tn, with operations across more than 50 international markets. In 2024, NatWest acquired a minority stake in Icon Solutions. "UK paytech firm Icon Solutions gets funding from UBS " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
3 days ago
- Business
- Business Wire
UBS Invests in UK Fintech Icon Solutions to Shape the Future of Payments Technology
LONDON--(BUSINESS WIRE)-- Icon Solutions, the UK fintech enabling banks globally to design and implement state-of-the-art payment systems, has today announced a new equity investment from UBS. Icon has also secured additional funding from existing investors Citi and NatWest. Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) for Personal & Corporate Banking and GWM Switzerland & International, at UBS comments: 'Icon, an important partner of UBS, plays a crucial role in modernizing payment platforms with innovative infrastructure solutions.' Brouwer adds: '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 existing investors Citi and NatWest – who are using the Icon Payments Framework (IPF) to accelerate their respective payments modernization programs and deliver more value for customers – in shaping the strategic direction and ongoing development of IPF. Tom Kelleher, Co-Founder and Director of Icon Solutions, comments: 'This investment round is further endorsement of our founding belief that banks should be empowered to lead their own payments transformation. 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 ground-breaking payments solutions.' IPF is a payment development framework that gives banks the technology and processes to independently accelerate the transformation of their own payment infrastructure, allowing them to build, test and deploy payment processing solutions much faster, while staying in total control of timelines and costs. Learn more about IPF. About Icon Solutions Icon Solutions is a fintech company that has been designing and implementing state-of-the-art payments systems since 2009. Our core product – the Icon Payments Framework (IPF) – is an internationally proven payments development framework that is trusted by Tier 1 banks across the globe such as Citi, NatWest, UBS and BNP Paribas. IPF gives banks the technology and processes to independently accelerate the transformation of their payments infrastructure, allowing them to build, test and deploy payments processing solutions much faster, while staying in total control of timelines and costs. For more information, visit About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). For more information, visit UBS
