Citi acquires Icon Solutions

Date:

Share post:

Citi, a major American financial institution, has provided an equity investment to the British payments technology firm Icon Solutions. Terms weren’t made clear.

The bank intends to increase its usage of the Icon Payments Framework in order to improve its micro-services orchestration architecture, in addition to the investment made through Citi Treasury and Trade Solutions (TTS).

The collaboration is a component of Citi’s multi-year payment platform modernization initiative, which aims to give flexibility top priority and quicken the bank’s response time to the rapidly changing regulatory landscape, payment infrastructure, and customer needs.

Read More: Citi invests in Icon Solutions

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Trading Technologies acquires ATEO to expand its post-trade solutions in global markets

Trading Technologies, a global capital markets technology company, has acquired ATEO SAS, a provider of post-trade solutions for...

Fiserv seeks to acquire Shift4 Payments – Reuters

According to Reuters, Fiserv is competing with Amadeus IT Group for the acquisition of payment processor Shift4 Payments. Shift4,...

Oliver Wyman announces acquisition of Innopay

Oliver Wyman, a management consulting firm and a Marsh McLennan business, has announced the completion of its acquisition...

How FinTech-Bank Partnership Can Redefine Digital Banking

As the digital payment ecosystem evolves, banks recognize the importance of partnering with FinTech companies. However, many of...