Fri, Nov 22 2024
James West, Head of Payments' Business Execution & Platform Modernization, Citi Services, has been added to the board of directors of Icon Solutions, the company stated today. Amit Rijhsinghani, Citi Services' Head of Payments Technology, has also been added to the board as an observer.
James offers more than 25 years of expertise in technology roles in international banking. Since joining Citi in 2013, he has led business execution and product development for the ISO 20022 and Platform Modernization programs. He presently supervises business execution and platform modernization for Payments within Treasury and Trade Solutions (TTS), Citi Services. Since joining Citi thirteen years ago, Amit has been in charge of developing and implementing the technology strategy for Citi Services' Payments division. He is also a member of the Payments Executive Committee and the TTS Tech Senior Management Team. He has worked for several financial institutions for more than 20 years.
James and Amit's appointment to the Icon Board of Directors comes after Citi made a strategic investment in the company in December 2023. As part of a multi-year initiative to modernize its payment systems, Citi is collaborating with Icon and has invested in the company to increase its innovation toolset and future-proof its payment services.
As part of its micro-services architecture, Citi uses the Icon Payments platform (IPF), an ISO 20022 compliant, cloud-native, open source technology platform, to streamline and standardize its business capabilities. This will make it possible to provide clients with new solutions more quickly and consistently.
James made the following statement regarding his appointment: "We look forward to deepening our collaboration, and our relationship with Icon demonstrates our commitment to strengthening our technology and payments capabilities."
"We welcome James and Amit to the Board of Icon Solutions," says Tom Kelleher, co-founder and director of commercial operations at Icon. They both share our commitment to modernizing technology and providing payment options. Together, we're pushing for change within Citi while also assisting the bank's corporate clients in becoming more innovative and flexible in their interactions with the company. Payments ecosystems go beyond banks and are being similarly modernized by multinational corporate treasury operations.As we assist banks and other businesses worldwide in streamlining payments transition, James and Amit's industry knowledge and experience are vital to Icon Solutions.
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