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Introduction

Established payment hubs are showing their age just as the world is moving to real-time banking, forcing banks to reconsider their architectures. The result is the emergence of a new generation of payment orchestration platforms.

Highlights

  • Newer payment orchestration platforms are using a combination of high-performance transaction processing engines and graphical development tools to create flexible ways for business and technical users to rapidly model and control payment flows across the bank.

Features and Benefits

  • This report examines how Icon Solutions has developed a new-generation payment orchestration architecture using an open source software stack.
  • Icon's approach is to interface to existing payment platforms and use intelligent processing to route instant payments to the appropriate outgoing channel.

Key questions answered

  • How do open source components and standard APIs reduce implementation time and cost of ownership?
  • How does managing payment flows in real time allow an FI to address its capital adequacy requirements?

Table of contents

Summary

  • Catalyst
  • Key messages
  • Ovum view

Recommendations for enterprises

  • Why put Icon's IPF on your radar?

Highlights

  • Background

Data sheet

  • Key facts

Appendix

  • On the Radar
  • Author

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