Icon Solutions Welcomes NatWest Directors to Board, Accelerating IPF Expansion

LONDON–(BUSINESS WIRE)–Icon Solutions today announced that it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO, Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as board observers.

Ian is an experienced and internationally recognised Director of Payments Products and Technology. He is overseeing the modernisation of NatWest’s payments technology infrastructure, with responsibility for the performance, change and continued availability of payments as a systemically critical player in the industry.

He is also a member of the SWIFT board.

Lee has significant banking experience in product/P&L management, risk, policy setting and strategy. He joined NatWest in 2018 after 13 years at the Co-operative Bank, most recently with responsibility for payments strategy and regulatory change, including PSD2 and key payment scheme relationships. He is currently responsible for defining and articulating NatWest’s payments strategy.

The appointments follow NatWest’s strategic investment in Icon Solutions in March 2024. In September 2023, NatWest also announced that it had selected the Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation while aligning with the new global ISO 20022 payment data message standards.

Commenting on his appointment, Ian said: “NatWest and Icon have been working together to modernise payments since 2019. IPF is a payments framework that enables us to drive change from within and control what we create, so we can deliver new payment services quickly, securely and cost-effectively to our customers.”

Lee comments: “Our partnership with Icon is key to NatWest’s payments strategy, reflecting our ongoing commitment to investing in and implementing new technologies and capabilities.”

Tom Kelleher, Co-Founder and Chief Commercial Officer of Icon, added: “We are delighted to welcome Ian and Lee to the Icon board. Their combined experience and expertise further strengthen our ability to evolve IPF and our service offering to simplify payments transformation.”

Watch this video to learn more about Icon’s partnership with NatWest to modernise payments.

About Icon Solutions

Icon Solutions is a payment solutions company that provides financial institutions with technology, payment expertise, and multidisciplinary services. Financial institutions leverage these capabilities in their payments transformation, from defining payment strategies to accelerating IPF-based solutions built by internal engineering teams, Icon, and/or a systems integrator.

Icon Payments Framework (IPF) is Icon’s primary contribution to the payments industry. It is the framework that underpins payment orchestration solutions and underpins the core payments architecture of banks such as Citi, NatWest and BNP Paribas. Using the IPF development toolkit, banks can easily, quickly and securely deliver payment systems with a low total cost of ownership. IPF also offers a range of optional modules and out-of-the-box integration with clearing and settlement schemes to accelerate the implementation of end-to-end payment solutions.

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For further media information about Icon, please contact Ellie Fingleton at iseepr: (email protected) / +44 (0) 113 350 1922