Icon Solutions Secures Funding from UBS to Support Payment Infrastructure Development

Icon Solutions, a UK-based payment technology company, has secured equity investment from UBS, with additional funding from existing stakeholders Citi and NatWest. The investment will support the development and strategic trajectory of the Icon Payments Framework (IPF), a framework designed to assist banks in rapidly transforming their payment infrastructure. The IPF allows financial institutions to independently build, test, and implement payment processing solutions.

London, June 19, 2025 — Icon Solutions, a UK-based fintech company specializing in payment technology, has announced a significant equity investment from UBS, alongside additional funding from existing investors Citi and NatWest. This strategic move is aimed at supporting the ongoing development and strategic trajectory of the Icon Payments Framework (IPF).

The IPF is a cutting-edge payment development framework designed to empower banks to rapidly transform their payment infrastructure. It allows financial institutions to build, test, and deploy payment processing solutions independently, while maintaining full control over project timelines and costs. This framework has already been adopted by major financial institutions, including Citi, NatWest, UBS, and BNP Paribas.

Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) for Personal & Corporate Banking and GWM Switzerland & International at UBS, commented, "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 delivering faster to market, future-ready payment solutions for our clients" [1].

Tom Kelleher, Co-Founder and Director of Icon Solutions, expressed his enthusiasm for the collaboration, stating, "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" [1].

The additional funding from UBS will enable Icon Solutions to further enhance the capabilities of IPF, focusing on seamless instant payments and advanced transaction processing. This investment underscores UBS's commitment to driving innovation in the payments sector and leveraging the framework's capabilities to deliver value to its clients.

Icon Solutions was founded in 2009 and has since become a trusted provider of state-of-the-art payment systems. The company's core product, IPF, is designed to provide banks with the technology and processes needed to accelerate their payments transformation independently.

UBS, a leading global wealth manager and universal bank in Switzerland, manages $6.1 trillion in assets as of the fourth quarter of 2024. The firm operates in more than 50 markets around the globe and is listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

References:
[1] https://www.businesswire.com/news/home/20250618979498/en/UBS-Invests-in-UK-Fintech-Icon-Solutions-to-Shape-the-Future-of-Payments-Technology
[2] https://www.morningstar.com/news/business-wire/20250618979498/ubs-invests-in-uk-fintech-icon-solutions-to-shape-the-future-of-payments-technology
[3] https://www.electronicpaymentsinternational.com/news/icon-solutions-gets-funding-ubs/
[4] https://ffnews.com/newsarticle/paytech/fiserv-and-early-warning-services-collaborate-on-paze-to-provide-financial-institutions-with-a-checkout-solution-for-consumers/