NatWest employs low code technology in its payments modernization program

Date:

Share post:

NatWest has chosen Icon Payments Framework to guide the bank’s payments modernization strategy in accordance with ISO 20022 payment data message standards and the UK’s New Payments Architecture project.

As part of the partnership, NatWest will add SEPA Instant capability to its existing Credit Transfer and Direct Debit capabilities, as well as a Single Euro Payments Area (SEPA) processing engine and ready-made scheme packs.

The IPF framework makes use of low code technology that can be quickly extended and customized integrations into existing bank systems by software engineering teams as well as business payment experts.

Read More: NatWest taps low code tech for payments modernisation programme

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

Why is Sustainable FinTech Critical Today

FinTech offers robust convenience and security for financial transactions. But now, many customers are more keen on the...

Inswitch Partners with n1co Technologies To Improve Financial Inclusion In El Salvador

Inswitch, a global company in embedded finance technology, has partnered with n1co Technologies, a fintech company from El...

Billtrust Expands Partnership With Visa To Support Business Payments Network

Billtrust, a company in helping businesses manage orders and payments, has expanded its partnership with Visa. Together, they...

Open Payment Technologies Ltd Launches New Digital Wallet App “Kuady”

Open Payment Technologies Ltd is announcing the launch of its digital wallet app "Kuady". Kuady is designed to...