NatWest invests in payments FinTech Icon Solutions

NatWest has made a strategic minority investment in payments FinTech Icon Solutions.

The move comes after the bank launched a partnership with the firm to roll out its payment platform modernisation plans.

Icon first launched its low code payment framework in 2020.

The bank said that the investment will speed up its plans in the payment space; provide customers with more choice; and lay the foundation for "future payments innovation".

NatWest chief payments officer Mark Brant described the bank's investment as “fundamental” to the rollout of its payments modernisation technology.

“We continue to play a major role in developing payment innovations for the future, embracing new technologies, standards and capabilities to shape the future of the payments landscape while improving customer experience,” he said.

NatWest first announced it was implementing a new low code approach for its payment modernisation strategy last September.

At the time, it said that Icon's payment framework enables it to create workflows and enable software engineering teams to "quickly extend and create highly customisable integrations into existing bank systems".

The partnership also allows the bank to initially use a Single Euro Payments Area (SEPA) processing engine along with ready-made scheme packs, including the recently mandated SEPA Instant capability, as well as existing credit transfer and direct debit capabilities.



Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.

Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.