Icon Solutions Appoints Citi Executives to Board Following Strategic Investment

Icon Solutions welcomes Citi executives to its board, strengthening their strategic partnership to modernize Citi's payment platforms and drive innovation in financial services.

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Wojciech Zylm
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Icon Solutions Appoints Citi Executives to Board Following Strategic Investment

Icon Solutions Appoints Citi Executives to Board Following Strategic Investment

Icon Solutions, a financial technology company, has announced the appointment of two Citi executives, James West and Amit Rijhsinghani, to its Board of Directors in London. The appointments follow Citi's strategic investment in Icon in December 2023 to modernize its payment platforms using Icon's ISO 20022 and cloud-native Payments Framework (IPF).

James West, the Head of Payments' Business Execution & Platform Modernisation at Citi Services, has been appointed to Icon's Board of Directors. Amit Rijhsinghani, the Head of Payments Technology at Citi Services, has been appointed as a Board Observer. The two executives will help drive the partnership between Icon and Citi and support the bank's payments transformation efforts.

Citi is working with Icon to simplify and standardize its business capabilities, enabling the delivery of new solutions to clients in a faster and more consistent way. The collaboration aims to expand Citi's innovation toolkit and futureproof its payments services, leveraging Icon's technology and expertise.

Why this matters: The appointments of James West and Amit Rijhsinghani to Icon's Board strengthen the strategic partnership between Icon Solutions and Citi. This collaboration has the potential to significantly enhance Citi's payment capabilities and drive innovation in the financial services industry.

The industry knowledge and expertise that James and Amit bring to Icon Solutions is expected to be invaluable as the company supports banks and other industries around the world in simplifying payments transformation. "The collaboration aims to enable Citi to deliver new solutions to its clients in a faster and more consistent way, leveraging Icon's technology and expertise," Icon Solutions stated.

Key Takeaways

  • Icon Solutions appoints two Citi executives to its Board of Directors.
  • Citi made a strategic investment in Icon in December 2023 to modernize its payment platforms.
  • The collaboration aims to expand Citi's innovation toolkit and futureproof its payments services.
  • The appointments strengthen the strategic partnership between Icon Solutions and Citi.
  • The industry expertise of the Citi executives is expected to be invaluable for Icon Solutions.