back Back

Icon Solutions secures investment from J.P. Morgan

By Megha Bhattacharya

October 30, 2020

  • Icon Solutions
  • UK
Share

icon solutionsBritish payment solutions provider, Icon Solutions has announced a strategic investment from J.P. Morgan. Icon stated that it will use the funds to invest in its technology, expand geographical reach and enhance the customer experience.

“We’re excited to support Icon with this strategic investment as they look to continually build a simplified, collaborative payments ecosystem, driving emerging payments rails and innovation,” said Sara Castelhano, EMEA Head of Payments, Digital and Solutions, J.P. Morgan Wholesale Payments. Sara Castelhano will also join the British company’s Board of Advisors.

Icon Solutions offers payments technology and expertise in developing, implementing and running mission-critical transaction banking solutions. It has also built IPF: a cloud-native, cost-effective and collaborative payments platform that combines open source technology with light-weight integration.

Tom Kelleher, Co-Founder and Commercial Director at Icon Solutions said, “We will benefit greatly from the scale and insight of a global banking leader and one of the most visionary technology companies in the world, with the flexibility and independence to pursue our innovation and growth roadmap.”

“The payments industry has woken up and realised that the money is in value-added services, not payments processing. The right approach to transforming technology estates reduces costs, increases resilience and supports innovation to deliver more value, while staying in full control. The investment with J. P. Morgan enables Icon to accelerate our plans and be perfectly positioned to help banks leverage this opportunity to drive new revenues and further develop existing business lines.”

Previous Article

October 30, 2020

United Federal Credit Union selects Fiserv’s DNA account processing platform

Read More
Next Article

October 30, 2020

TransUnion rolls out simpler Income and Employment Verification Process

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Icon Solutions

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

PPRO and Afterpay team to bring BNPL solution to US consumers

Read More

May 24, 2024

Boodil launches innovative Travel Payments Platform

Read More

May 24, 2024

heymax & Visa team to simplify Credit Card rewards experience

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023