Virtusa Corporation, announced a strategic partnership with Icon Solutions. This collaboration brings together Virtusa's expertise and Icon Solutions' proven payments solution, the Icon Payments Framework (IPF), creating a powerful alliance to propel successful payments transformation for banks worldwide. By combining decades of global payments implementation experience with handpicked partners, Virtusa and Icon Solutions are establishing a thriving ecosystem that empowers banks to achieve their payments transformation objectives.

IPF, a low-code, cloud-native, open-source framework, allows banks to develop their own payment processing solutions using the IPF software development kit and optional modules or scheme packs. This unique approach, different from traditional vendors, enables banks to leverage Icon's payments strategy and architecture pedigree while maintaining control and minimizing vendor technology lock-in Virtusa, with its deep engineering heritage supporting large global banks on different payment transformation journeys like modernization, new scheme/RTP rollouts, operations automation, and client servicing, is an ideal partner to help implement IPF and integrate it with the rest of payment ecosystem to drive business outcomes like resiliency, scalability, and flexibility. The partnership is founded on mutual domain consulting expertise, which will strengthen payments transformation programs, enabling banks to accelerate their modernization programs with custom solutions.

Icon Solutions' low code SDK and IPF empower systems integrators to customize solutions, providing banks with the flexibility and agility to address their specific business requirements. Icon Solutions has a remarkable history of successful implementations with some of the largest global banks. Its disruptive payments solutions have enabled banks to stay at the forefront of the rapidly evolving payments landscape.