i2c reports growth in banking and payments platform clients

By Divya Shah

Why this matters: Unified banking and payments platforms help financial institutions modernise legacy infrastructure, expand digital services and support growth across multiple markets.

i2c has reported growth in adoption of its PowerOne unified banking and payments platform, with the number of clients renewing or expanding their programmes increasing by 42% over the past two years. 

The company also reported a 46% increase in the size of its largest client portfolios during the same period. Based in Redwood City, California, i2c processes more than $70 billion in annual transaction volume across 216 markets and reported historical platform availability of 99.999%. 

The company highlighted several new client additions and programme expansions across banking, digital assets and payments. These included Crypto.com, which extended its global card programme across multiple markets using i2c’s platform without building new infrastructure. 

Belize Bank migrated its Mastercard and Visa card portfolios to PowerOne without disrupting customer services. Meanwhile, Sightline Payments worked with Cross River Bank to launch a payments ecosystem for the US gaming industry using the platform. 

Latin American digital bank Inter also joined i2c’s client base to support its international expansion. Canadian FinTech platform Wealthsimple cited the platform’s configurable technology as an important factor in its partnership with i2c.  

i2c said its PowerOne platform was designed to bring banking and payment services together within a single technology environment. The platform includes more than 300 APIs and over 100,000 pre-coded building blocks, supported by ongoing investment in product development. 

 The company said it invests in continuous development, with 30% of its workforce dedicated to research and development. 

Research conducted by New American Banker in partnership with i2c found that 88% of financial institutions had accelerated their technology modernisation plans in response to competition from digital banks and non-bank providers. Legacy payment processing infrastructure was identified as the most common barrier to modernisation. 

Amir Wain, CEO of i2c, said the company’s work towards agentic AI capabilities was built on unified data, workflows and decision-making processes. 

He added that this approach could allow AI-driven capabilities to operate across the platform rather than being added to separate, disconnected systems.