Icon Solutions today announces that its Icon Payment Framework (IPF) – a low-code, cloud-native, open source-based technology framework used by leading banks globally – has been awarded ‘Qualified Software’ status by Amazon Web Services (AWS). Icon has also become a member of the Amazon Partner Network.

IPF simplifies payments transformation by allowing banks to develop their own payment processing solutions or have them built by Icon. Banks can control their costs, build and risks by leveraging the IPF software development kit and optional modules or scheme packs, delivering more value and unlocking new revenue streams.

Achieving ‘Qualified Software’ status demonstrates that IPF has been validated as meeting the best-in-class performance, security and reliability standards required to run seamlessly on AWS cloud infrastructure.  

Icon has also become a member of the Amazon Partner Network as part of its commitment to enabling a cloud-native approach to payments transformation. Icon will leverage AWS microservices to accelerate cloud transformation, improve the efficiency of payments processing, and help banks develop, deploy and scale payment applications in the cloud. 

“Banks are increasingly moving their services to the cloud to cope with the surge in instant payment volumes and enable the agility to keep pace with evolving customer expectations and competitive pressures,” comments Donal Fleming, Chief Technology Officer at Icon Solutions. “Microservices are part of a cloud-native approach to software development that reduces the cost and time involved in migrating, creating, and managing applications on the cloud. Our partnership with AWS will help banks leverage the benefits of a cloud-native architecture to build secure, resilient and flexible applications that can be scaled with ease.”

Laurie Foley, IPF Channel Manager at Icon, adds: “Icon is creating a growing ecosystem of partners to give banks the tools they need to achieve a successful payments transformation. Achieving Qualified Software status gives banks the assurance that IPF will run in an efficient, scalable and secure manner on the AWS cloud. But more than that, it demonstrates a wider commitment to empowering banks to take control and respond to rapidly evolving customer, regulatory and innovation demands through the cloud.”