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