Virtusa and Icon Solutions partner to accelerate payments transformation

By Delisha Fernandes

Virtusa Corporation, a provider of digital strategy, digital engineering, and information technology (IT) services, announced a strategic partnership with Icon Solutions, a provider of solutions and technology  that simplify payments transformation.

The partnership is founded on mutual domain consulting expertise, which will strengthen payments transformation programs, enabling banks to accelerate their modernisation programs with custom solutions. Icon Solutions’ low code SDK and IPF empower systems integrators to customise solutions, giving banks the flexibility and agility to address their specific business requirements.

By combining decades of global payments implementation experience with handpicked partners, Virtusa and Icon Solutions establish a thriving ecosystem that empowers banks to achieve their payment transformation objectives. IPF, a low-code, cloud-native, open-source framework, allows banks to develop payment processing solutions using the IPF software development kit and optional modules or scheme packs.

“Our partnership with Icon Solutions strengthens our Payment Modernisation and Transformation offering,” said Amit Bhute, Senior Vice President – Technology at Virtusa. “Our collaboration brings complementary capabilities and a shared vision to empower banks on their payments journey. Together, we will unlock new opportunities for our clients, helping them thrive in the collaborative world of finance.”

Virtusa, with its deep engineering heritage supporting large global banks on different payment transformation journeys like modernisation, new scheme/RTP rollouts, operations automation, and client servicing, is an ideal partner to help implement IPF and integrate it with the rest of the payment ecosystem to drive business outcomes like resiliency, scalability, and flexibility.

“Icon is committed to empowering banks to regain control of their payments and transform confidently.” Said Liam Jeffs, Sales Director at Icon Solutions. “With Virtusa, we are expanding our partner network to provide even more rich, collaborative opportunities to equip global banks with unique infrastructure that streamlines their payments processing capabilities and helps them grow revenue streams.”