LONDON, Feb. 08, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) reaffirms its commitment to grow its leadership position in Europe as a key technology and payments services provider. Exela purchased a standalone multi-level, 25,000 square foot headquarters in Dublin, Ireland. This purchase takes advantage of the value post-Brexit opportunities have provided allowing Exela 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 ten years, Exela has offered a utility framework approach to the leading Irish banks by processing and clearing all domestic and cross border cheque payments. The service has grown to over 80% 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,” noted Vitalie Robu, President of EMEA.
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About Exela Technologies
Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and over 17,500 employees operating in 23 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner.