Exela Technologies has reaffirmed its commitment to grow its leadership position in Europe as a key technology and payments services provider.

Exela, which offers digital transformation solutions spanning information management, workflow automation, and integrated communications, has purchased a standalone multi-level, 25,000 square foot headquarters in Dublin, Ireland. This takes advantage of the value post-Brexit opportunities have provided allowing the company to acquire a space formerly leased.

The investment is also a path to expand services in the Irish payment space. Key elements of services Exela is providing via its XBP platform in Ireland include:

  • Payment and fraud verification solutions: currently Exela processes 35 million payment transactions per annum;
  • Supporting the Irish bank migration to digital payment channels;
  • Maintaining a comprehensive digital archive of all payments transactions to support personal online banking.

“For nearly 10 years, Exela has offered a utility framework approach to the leading Irish banks by processing and clearing all domestic and cross border cheque payments,” noted Vitalie Robu, President of Exela Technologies EMEA. “The service has grown to over 80 per cent market share in Ireland with our close partnership with the Bank of Ireland, Allied Irish Bank, PTSB and Danske Bank and we aim to continue growing.”