Business & Technology
CBI posts 14% revenue rise as payment services grow
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.
Business & Technology
Bicester Motion wins Oxfordshire Business of the Year
The title is awarded to ‘the business most able to demonstrate all-round achievement, a clear vision for the future, success against objectives and sustained growth’.
Bicester Motion, which was also a finalist in the Large Business Award category, became the 30th recipient of the event’s most prestigious award.
The company is based on a former RAF Bomber Training Station.
Since its founding in 2013, Bicester Motion has been based at a 444-acre site of national historic importance.
Under its stewardship, 99 per cent of the site’s buildings have been reactivated or restored for modern use.
A spokesman for Bicester Motion said: “A sustainable mobility future is the key to unlocking future human progress and it imagines a world where we can all move without impact – at a time when mobility will make or break our planet.”
Further recognition may be on the horizon, with Bicester Motion shortlisted for seven awards across several upcoming ceremonies, including the Commercial Property Awards, Construction News Awards, Constructing Excellence London & South East Awards, and the RTPI South East Planning Awards.
The company describes itself as ‘a vibrant and dedicated centre of excellence, where mobility businesses can thrive,’ and aims to ‘build the world’s leading mobility community’.
Business & Technology
Milton Park’s first plant-based cafe opens at Signal Yard
Planted Plates, founded by Didcot entrepreneur Henna Afzal, began as a food truck at the park’s street food pop-up event, Milton Feast, in 2021.
After five years of steady growth, the business has moved from its first bricks-and-mortar site on Eastern Avenue to a larger unit at Signal Yard, marking a return to its roots within the Milton Park community.
Ms Afzal said: “When I started Planted Plates, I simply wanted to create food that people genuinely looked forward to eating. For me, it’s always been about flavour first.
“You don’t have to be vegan to enjoy great food, and we’ve been incredibly lucky to build such a supportive community of customers over the last few years.
“Milton Park has been part of our journey from the beginning.”
Planted Plates offers a daily-changing menu of plant-based breakfasts, lunches, pastries, and barista coffee.
The new space includes a larger seating area designed to encourage people to meet, work, and socialise throughout the day.
Ms Afzal added: “Starting at Milton Feast gave us the opportunity to test ideas, build a following and grow the business.
“Opening at Signal Yard feels like a full-circle moment and we’re excited to welcome both familiar faces and new customers through the door.
“I am incredibly proud of how far the business has come.
“This move gives us the opportunity to expand our offer, grow the team and continue building something that people genuinely enjoy being part of.”
The cafe also provides vegan catering services to businesses across Milton Park, using a zero-CO2 delivery vehicle.
Ms Afzal’s brother, Jack, has now joined the team as the company looks to recruit further staff.
The opening of Planted Plates is part of Milton Park’s £14m investment in Signal Yard, which aims to create a new social and retail destination for the park’s 280+ companies and the wider community.
Clare Fleet, asset manager of Milton Park at Federated Hermes Real Estate, said: “One of the ambitions for Signal Yard has always been to support independent businesses and create a destination that brings people together.
“Planted Plates perfectly captures that vision.
“Henna has built a fantastic business at Milton Park over the last five years and we’re delighted to see her become the first food and beverage operator to open at Signal Yard.”
Signal Yard is bringing together a mix of independent retailers, food and beverage operators, and health and wellbeing services in a central location at Milton Park.
Planted Plates has also been shortlisted in the Ox in a Box Awards, which celebrate Oxfordshire’s favourite independent food and drink businesses.
Public voting is open via the Ox in a Box website until 20 June 2026.
Business & Technology
Oxfordshire firm awarded as circular furniture champion
Rhubarb Seating, based in Oxfordshire, earned the title in Design Conformity’s 2026 industry report, which assessed the sustainability performance of more than 170,000 furniture businesses across the UK and Europe.
It was one of only four UK companies to receive the ‘Leader’ classification, reserved for just 0.1 per cent of those evaluated.
David Matthews, director at Rhubarb Seating, said: “Rhubarb has always got one eye on refurbishment and future-proofing when developing a product, focusing on making it easy to reupholster, repair and re-use.
“Being recognised above most of the sector’s biggest names validates what we’ve always believed: good design and sustainable design are the same thing.”
The recognition follows independent verification of Rhubarb’s Cantay and Banquette seating ranges through Design Conformity’s Carbon Efficiency platform.
Both products achieved C3 Carbon Efficiency Ratings, reflecting strong performance in planned reuse.
The analysis found the Cantay 2-Seater Sofa had a verified carbon footprint of 60.99kg CO₂e, while the Banq Medium Back Straight unit recorded 69.48kg CO₂e.
Mr Matthews said: “There is definitely something inherently beautiful about a board of timber, utilised to its maximum, to create the component elements of a piece of furniture.”
Certified products are now listed on the Design Conformity directory.
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