UK FinTech Icon Solutions, a specialist in modernising global banking payment systems, has received a fresh equity investment led by Swiss banking giant UBS.
UBS was joined in this funding round by existing investors Citi and NatWest, both of whom have already been working closely with the company. The size of the investment has not been disclosed.
Icon Solutions is best known for its flagship platform, the Icon Payments Framework (IPF), a development tool that enables banks to accelerate the transformation of their payments infrastructure. By using IPF, banks can build, test and deploy payments processing solutions more quickly while maintaining full control over implementation timelines and costs.
Citi and NatWest are already using IPF to support their payments modernisation efforts, and UBS is now joining them to help shape the strategic roadmap of the framework.
UBS head of group operations and technology office for personal & corporate banking and GWM Switzerland & International Pieter Brouwer said, “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.”
Icon Solutions co-founder and director Tom Kelleher said, “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.”
Icon was founded in 2009 and is headquartered in the UK. The company has earned the trust of Tier 1 global banks including BNP Paribas.
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
