NatWest employs low code technology in its payments modernization program

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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.

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