Icon Solutions, the UK fintech enabling banks globally to design and implement state-of-the-art payment systems, today announced a new equity investment from UBS. Icon has also secured additional funding from existing investors Citi and NatWest.

Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) for Personal & Corporate Banking and GWM Switzerland & International, at UBS comments:

“Icon, an important partner of UBS, plays a crucial role in modernizing payment platforms with innovative infrastructure solutions. This investment reinforces our partnership with Icon and confirms our commitment to deliver faster to market, future-ready payment solutions for our clients. The collaboration helps us drive innovation at scale and enhances our capabilities for seamless instant payments and advanced transaction processing.”

UBS will join existing investors Citi and NatWest – which are using the Icon Payments Framework (IPF) to accelerate their respective payments modernization programs and deliver more value for customers – in shaping the strategic direction and ongoing development of IPF.

Tom Kelleher, Co-Founder and Director of Icon Solutions, comments:

“This investment round is further endorsement of our founding belief that banks should be empowered to lead their own payments transformation. With IPF now internationally proven and increasingly adopted by major financial institutions, we look forward to continuing our close partnerships with Citi, NatWest and UBS to build on this global momentum and deliver truly innovative and ground-breaking payments solutions.”

IPF is a payment development framework that gives banks the technology and processes to independently accelerate the transformation of their own payment infrastructure, allowing them to build, test and deploy payment processing solutions much faster, while staying in total control of timelines and costs.