Icon Solutions selected by major Australian bank for payments transformation strategy

By Edil Corneille

UK company Icon Solutions, a specialist provider of payment solutions and consultancy services, has been selected by a Tier One Australian Bank to review and industrialise its payments transformation strategy. London-based Icon’s end-to-end payments advisory services are expected to support this Australian bank in defining a future-focused IT roadmap to enable innovative new customer experiences, increase agility and resilience, and reduce costs.

“Transforming core architecture can be a daunting proposition,” says Tom Kelleher, Commercial Director at Icon Solutions. “Our partnership approach, combining IT and engineering expertise with deep payments knowledge, has enabled some of the largest banks in the world to identify and seize new market opportunities. It’s important to help financial institutions reduce costs and complexity but, fundamentally, this is about delivering more value to consumers. This is how banks will thrive in the future of payments.”

In Australia, and across the globe, emerging technologies and evolving consumer expectations are driving significant changes in the financial services sector. Ensuring core payments infrastructure supports the 24/7 real-time delivery of enriched products and services, while also maintaining compliance with regulatory frameworks, is fundamental to every business decision made by financial institutions. Icon Solutions has mentioned that it has empowered Tier One banks to align payments’ IT strategy with business objectives for over 10 years.

Icon Solutions provides payment and enterprise solutions for the global financial sector. Its clients include international institutions such as BNP Paribas, Citi, HSBC, Lloyds Banking Group and Nationwide. Whether it be assessing payments systems, producing IT transformation roadmaps or simply providing subject matter expertise, the company has stated that it delivers pragmatic solutions that allow their clients to be leaner, innovative and responsive to the demands of the future.