KAREN JOY BACUDO

Finance Editor

CBI reported a 14% rise in 2025 revenue and an EBITDA margin of 21%. The group’s shareholders approved the results.

Growth was driven by a mix of payment and data services used by banks, payment service providers and public bodies. CBI also published its 2025 Impact Report alongside the annual results.

Among the main contributors was CBI Name Check, a verification-of-payee service that checks whether a beneficiary’s name matches an IBAN before a payment is made. The service has averaged 150 million checks a month since going live across the European Economic Area in October 2025.

Check IBAN also expanded during the year. The service, which verifies matches between IBANs and VAT numbers in real time, recorded 36% growth from 2024 and passed 28 million cumulative checks.

CBILL, CBI’s platform for online bill and tax payments, processed more than 100 million transactions, up 9% year-on-year. CBI Globe – Active Functionality, which allows payment service providers to operate as third-party providers under PSD2, posted more than 70% year-over-year activity growth.

The group also highlighted the launch of Request to Pay, a system for handling digital collections. The service forms part of a broader push to expand CBI’s role in open finance and payments infrastructure.

CBI serves more than 400 financial institutions and payment service providers and has operated in the sector for more than three decades. The Bank of Italy supervises it and acts as a critical provider of infrastructure or services within the country’s financial system.

The results come as financial groups across Europe face tighter regulatory requirements and continued demand for digital payment tools, account verification services and shared infrastructure. CBI’s business model centres on providing common platforms that banks and other providers can use across payments, transaction banking, electronic bill presentment and open finance.

At the shareholders’ meeting, CBI also set out its strategic direction for the coming years. It aims to strengthen its international presence, broaden its open finance offering, and participate in broader industry changes, including digital identity services and European payment projects.

Salvatore Maccarone, President of CBI, linked the latest performance to that strategy.

“In 2025, not only did CBI ensure continuity in its planned activities, but it also broadened its scope of action, laying the foundations for developments that will guide us over the medium to long term,” said Salvatore Maccarone, President of CBI.

“In line with the 2025-2028 strategic plan approved last year, our objective is to strengthen our international footprint, broaden our range of solutions in the open finance space and play an active role in system-wide transformations, such as digital identity services and European payment initiatives. These include the Digital Euro, an ambitious project representing one of the most significant efforts in financial harmonisation and innovation currently underway in the European Union,” he added.

Clearing system

Another part of the plan is the development of CBI-Comp, a multilateral clearing system for domestic retail payments. The platform will handle cheques, commercial collections and card transactions.

The project would move CBI deeper into the core of Italy’s banking system, extending its role from overlay services such as bill payments and account checks to transaction processing. It reflects the group’s focus on operational continuity and governance in critical banking infrastructure.

Liliana Fratini Passi, Managing Director of CBI, said the clearing system marked an important step in that effort.

“The development of the new CBI-Comp multilateral clearing system shows our ability to manage a critical infrastructure for the operational continuity of the banking system, ensuring resilience, reliability, and full industrial governance,” said Liliana Fratini Passi, Managing Director of CBI.

“In recent months, we have further reinforced our role as a key enabler of innovation within the financial system. The results achieved by mature services such as CBILL, as well as open finance initiatives including CBI Name Check, confirm the effectiveness of a strategy based on coopetition, responsible technological innovation and international expansion. At the Shareholders’ Meeting, we also presented our Impact Report, which clearly outlines CBI’s commitment as a Società Benefit and the value we have delivered to the banking sector in terms of measurable ESG impact for the banks we collaborate with,” she added.

Impact report

The 2025 Impact Report outlines the company’s work since adopting Società Benefit status, a legal form in Italy that combines profit-making aims with public benefit objectives. It is intended to show how CBI seeks to create long-term value for the financial sector and other stakeholders through social and environmental goals, as well as commercial activity.

For CBI, that adds a governance and reporting layer to a year defined mainly by expansion in transaction volumes and verification services. The latest figures show rising usage across several core products, led by account and payee checks as fraud controls and payment confirmation tools become more common across European financial markets.