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<\/a><\/a>\nThere is growing momentum for digital assets such as stablecoins, tokenised deposits, deposit tokens and central bank digital currencies (CBDCs) to enable faster, cheaper and smarter payments. Yet the emergence of different digital asset types and DLT networks \u2013 which must also work with existing financial infrastructure \u2013 creates fragmentation and operational complexity for banks. This is compounded by legacy vendor solutions that limit choice and lock banks in, making it slow, costly and risky to make the changes required to support DLT-based payments.<\/p>
\nIn contrast to these legacy solutions, IPF is a payments development framework that enables banks to progressively transform their systems on their own terms \u2013 which is proven to accelerate implementation by 4x and reduce total cost of ownership by up to 50%. Trusted by leading banks including Citi, UBS, NatWest and BNP Paribas, IPF has already been used in live environments for DLT-based clearing and settlement.<\/p>
\nTo address increasing industry demand and the need for interoperability as adoption starts to scale, the new reference implementation showcases how banks can use IPF to integrate and orchestrate digital asset payments using any DLT network \u2013 while enabling seamless connectivity with existing core banking systems and payments infrastructure.<\/p>
\n\u201cThe move from digital asset experimentation to implementation is a clear market signal that all banks must focus on moving towards a consolidated payments infrastructure that can support any type of payment, anytime, anywhere,\u201d comments Arjeh van Oijen, Head of Product Management at Icon. \u201cAs banks start to harness the potential of digital money, IPF is the only solution with the flexibility to bring new services to market quickly, safely and cost-effectively \u2013 without relying on external vendors.\u201d<\/p>
\nTo view a demo of the IPF digital assets reference implementation and understand how IPF can be used to accelerate initiatives, contact Icon here.<\/a><\/p> \nAbout Icon Solutions<\/b><\/p> \nIcon Solutions is a fintech company that has been designing and implementing state-of-the-art payments systems since 2009.<\/p> \nOur core product \u2013 the Icon Payments Framework (IPF) \u2013 is an internationally proven payments development framework that is trusted by Tier 1 banks across the globe such as Citi, NatWest, UBS and BNP Paribas.<\/p> \nIPF gives banks the technology and processes to independently accelerate the transformation of their payments infrastructure, allowing them to build, test and deploy payments processing solutions much faster, while staying in total control of timelines and costs.<\/p> \nFor more information, visit iconsolutions.com<\/a>.<\/p>