Strategic alliance between Irish bank and Irish-led global payments giant will focus on faster payments, streamlined operations and embedding AI-driven financial technologies across the Bank of Ireland group.
Bank of Ireland has revealed a new strategic partnership with Stripe, marking a significant step in the Bank’s ongoing digital transformation programme and signalling a deeper collaboration between two organisations with strong roots in Ireland’s technology and financial sectors.
The partnership will focus on accelerating payments innovation, streamlining backend operations and exploring how Stripe’s advanced AI-driven financial technologies can be integrated directly into Bank of Ireland’s core operating systems.
“Payments are a core part of the value we deliver and partnering with Stripe provides us with new opportunities”
Susan Russell, CEO of Retail Ireland at Bank of Ireland, said the collaboration reflects the bank’s commitment to improving customer services through technology.
“We always strive to provide easy-to-access and fast service to our customers. Payments are a core part of the value we deliver and partnering with Stripe provides us with new opportunities. Stripe is a great success story, with a strong Irish heritage. We look forward to working with their team to further enhance our technology and accelerate AI integration to improve services for customers.”
The future of payments – key facts at a glance
| Question | Answer |
| What was announced? | Bank of Ireland announced a new strategic partnership with Stripe. |
| When was the partnership announced? | 9 September 2026. |
| Who are the organisations involved? | Bank of Ireland and Stripe. |
| What is Stripe? | Stripe is a programmable financial services company and financial infrastructure platform for the internet. |
| What is the purpose of the partnership? | To accelerate payments innovation, streamline backend operations and explore deeper integration of AI-driven financial technologies. |
| Why is the partnership significant? | It represents a key milestone in Bank of Ireland’s digital transformation programme. |
| Who commented on behalf of Bank of Ireland? | Susan Russell, CEO of Retail Ireland, Bank of Ireland. |
| Who commented on behalf of Stripe? | Conor McNamara, Chief Revenue Officer for Europe, the Middle East and Africa at Stripe. |
| What did Susan Russell say? | She said the bank aims to provide easy-to-access and fast service, enhance technology and accelerate AI integration to improve customer services. |
| What did Conor McNamara say? | He said the deeper relationship is about bringing Stripe’s speed and reliability to more areas of the bank so it can move faster for customers. |
| Is this a new relationship? | No. The partnership expands an existing relationship between Bank of Ireland Group and Stripe. |
| How is Stripe currently working with Bank of Ireland Group? | Stripe already provides payments reconciliation technology for Davy. |
| What is Davy? | Ireland’s leading wealth and capital markets provider and part of Bank of Ireland Group. |
| How long has Davy used Stripe’s Bank Transfer product? | Since 2021. |
| How much volume has Davy processed through Stripe? | More than €2 billion. |
| What operational benefit has Davy achieved? | Approximately 3,000 hours saved annually. |
| Which Bank of Ireland business will adopt a similar Stripe solution? | New Ireland Assurance. |
| What is New Ireland Assurance? | Bank of Ireland Group’s life and pensions provider. |
| What technologies will the partnership explore? | Advanced AI-driven financial technologies and payments infrastructure. |
| What recent payment innovations has Bank of Ireland launched? | Zippay, Quicker Payments and SEPA Instant. |
| What is Zippay? | A service that enables instant mobile-to-mobile payments. |
| What is Quicker Payments? | A service providing UK business customers with same-day transfers. |
| What is SEPA Instant? | A service enabling instant euro payments. |
| What AI-based customer tools has Bank of Ireland launched? | Benefits Finder and the Electric Vehicle Marketplace. |
| What does Benefits Finder do? | It helps customers identify available tax benefits. |
| What is the Electric Vehicle Marketplace? | An online platform supporting customers considering electric vehicles. |
| How many customers does Bank of Ireland serve? | More than four million customers. |
| Where does Bank of Ireland operate? | Ireland, the UK and the European Union. |
| Where are Stripe’s global headquarters? | Dublin and San Francisco. |
| What industries does Bank of Ireland serve? | Consumer banking, business banking, corporate banking, wealth management, life and pensions, specialist finance and asset finance. |
| What is the broader trend reflected in this partnership? | Increased use of AI, automation and digital payments technologies in banking. |
Programmable money movement
The announcement builds on an existing relationship between the two organisations. Stripe’s programmable money movement technology already supports payments reconciliation at Davy, the Bank of Ireland Group-owned wealth and capital markets business.
Davy has been using Stripe’s Bank Transfer product since 2021 and has processed more than €2 billion through the platform. According to the companies, the system has helped save approximately 3,000 hours each year. New Ireland Assurance, the group’s life and pensions provider, is set to introduce a similar solution in the near future.
Conor McNamara, chief Revenue officer for Europe, the Middle East and Africa at Stripe, said the relationship has been growing for several years.
“We’ve been working with Bank of Ireland Group for several years. Deepening that relationship is now about going further and bringing the same level of speed and reliability to other areas so they can move faster for their customers.”
The partnership comes amid a broader push by Bank of Ireland to enhance its digital and payments capabilities.
In March, the bank launched Zippay, enabling instant mobile-to-mobile payments, while Quicker Payments was introduced to provide UK business customers with same-day transfers. The bank has also rolled out digital tools including Benefits Finder, designed to help customers identify available tax benefits, and an online Electric Vehicle Marketplace to support consumers considering the switch to electric vehicles.
These initiatives followed the introduction of SEPA Instant in late 2025, enabling customers to send and receive euro payments instantly.
Bank of Ireland serves more than 4 million customers across Ireland, the UK and the European Union, providing services spanning retail, business and corporate banking, wealth management, life and pensions, specialist finance and asset finance.
Stripe, founded by Nenagh natives John and Patrick Collison, which maintains dual global headquarters in Dublin and San Francisco, provides financial infrastructure services used by millions of businesses worldwide, from startups to multinational enterprises.
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