On the Radar: Icon Solutions Adds Real-Time Capability to Existing Systems - Product Image

On the Radar: Icon Solutions Adds Real-Time Capability to Existing Systems

  • ID: 4382918
  • Company Profile
  • 6 pages
  • Ovum
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Introduction:

Real-time payments introduce a range of challenges for banks in terms of managing their own liquidity. Intelligently managing payment flows between new instant payment schemes and other routes is essential to achieving this, but older systems are not up to the task - and wholesale rip-and-replace projects are fraught with difficulties.

Highlights:

Newer payment orchestration platforms are using a combination of high-performance transaction processing engines and graphical development tools to create flexible ways for business and technical users to rapidly model and control payment flows across the bank.

Features and benefits:
  • This report examines how Icon Solutions has developed a new-generation payment orchestration architecture using an open source software stack.
  • Icon's approach is to interface to existing payment platforms and use intelligent processing to route instant payments to the appropriate outgoing channel.
Key Questions answered:
  • How do open source components and standard APIs reduce implementation time and cost of ownership?
  • How does managing payment flows in real time allow an FI to address its capital adequacy requirements?
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1. Summary
  • Catalyst
  • Key messages
  • Publisher's view
2. Recommendations for enterprises
  • Why put Icon's IPF on your radar?
3. Highlights
  • Background
4. Data sheet
  • Key facts
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