Commercial Bank of Dubai and Jumeirah Zabeel Saray partner for payment and cash management
Commercial Bank of Dubai (CBD) and Jumeirah Zabeel Saray, the Ottaman inspired luxury resort located Palm Jumeirah, recently commemorated their partnership in Payments and Cash Management, built over the last several years. Senior representatives from Jumeirah Zabeel Saray, from Zabeel Investment (Owner’s Office) and CBD attended an event in Zabeel Saray Hotel to celebrate the growing Payments and Cash Management partnership between the two institutions. The H2H implementation of a new Cash Management mandate further reaffirms the hotels commitment to adopt modern technology for the benefit of its own operation, in turn, help customer service.
Othman Bin Hindi, Co-Head Corporate Banking, Corporate Commercial and Investment Banking Group at CBD commented: “CBD is pleased with the long-standing relationship with Jumeirah Zabeel Saray, where the bank could support them in their growing and ever evolving cash management needs, and as a process automation, improving its operational efficiency. We continue to observe many synergies between the institutions and are pleased to be part of their growth story in the UAE.”
Fernando Gibaja, General Manager, Jumeirah Zabeel Saray, said: “At Jumeirah Zabeel Saray, we are always looking for new ways to streamlining the processes so that at the end our customers can benefit from our internal efficiencies. With the most of the transaction electronically processed and reconciliation made very easy, we are confident that the internal processes improved further with reduced operational costs. As one of the leading 5* hotel property in the UAE, we are very proud to have a leading Cash Management partner such as CBD in our journey”.
Commercial Bank of Dubai is recognized as one of the leading Banks in UAE in cash management solutions. CBD is always at the forefront of bringing banking innovations to the market, being the first bank to introduce automated cheque collection machines in its branches and being the main collection bank for the Dubai Naturalisation and Residency Department. The Bank recently launched digital payment and cash management solutions such as iBusiness, iPrint, and iCollect for Corporate and Commercial customers.