The partnership allows Natwest to initially leverage a Single Euro Payments Area (SEPA) processing engine along with ready-made scheme packs including the recently mandated SEPA Instant capability, in addition to existing Credit Transfer and Direct Debit capabilities that provides customers more choice and establishes the foundation for future innovation. The modernisation will enhance the end-to-end experience for customers as they seek greater flexibility in their initiation of payment flows.
The IPF framework empowers business payment experts via low code to create industry leading workflows along with enabling software engineering teams to quickly extend and create highly customizable integrations into existing bank systems.
Ian Povey, CIO Payments Technology, NatWest comments:
“The low code aspect of the framework (Icon’s IPF) empowers and enables organisations to control its delivery and feature richness while the simple extensibility of the capability allows software engineers to focus on high value integrations and innovation.”
Tom Kelleher, Co-founder and Director of Icon Solutions comments:
“The mission at NatWest is to deliver a sector-agnostic payments platform to connect everything to everyone. IPF provides the best practice platform to enable the change the bank is working towards, increasing the opportunity to enhance business growth. The relationship between the two companies is a close one, where we both strive to achieve best practice on a daily basis. There are many challenges and opportunities ahead, such as New Payments Architecture (NPA), which we will face together.”
ENDS
Notes
NatWest and Icon Solutions will be attending Sibos 2023 later this month.
Find out more here: Sibos 2023
Contact
For further NatWest media information, please contact Stephanie Melrose, Media Relations Manager, Stephanie.melrose@natwest.com / 07966 212 576
For further Icon Solutions media information, please contact Ellie Fingleton at iseepr: ellie.f@iseepr.co.uk / +44 (0) 113 350 1922
About NatWest
NatWest Group is a relationship bank for a digital world. We champion potential; breaking down barriers and building financial confidence so the 19 million people, families and businesses we serve in communities throughout the UK and Ireland can rebuild and thrive. If our customers succeed, so will we.
