NatWest has rolled out a new low code approach for its payments modernisation strategy.
The bank has partnered with Icon Payments Framework (IPF) to speed up the process of modernising payments to align with the new global ISO 20022 payments data message standards.
The bank said that the IPF framework allows business payment experts via low code to create workflows and enable software engineering teams to "quickly extend and create highly customisable integrations into existing bank systems".
It added that the partnership will allow NatWest 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, which the bank says provides customers with “more choice and establishes the foundation for future innovation”.
“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,” said Ian Povey, chief information officer, payments technology, NatWest.
Latest News
-
UK banks and mobile networks launch new tool to tackle APP fraud
-
NatWest and Mastercard roll out mobile virtual card for businesses
-
Lloyds first UK bank awarded with ‘fertility friendly accreditation’
-
BBVA to offer executives genAI training
-
90% of global payment cards to ‘feature sustainable materials’ by 2029
-
Goldman Sachs works with quantum scale-up to research options pricing algorithm
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
 - Purple.png)
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories