Commercial Bank of Dubai launches Liquidity Management and Receivables Management Solutions
Dubai, 10 April, 2018: In line with Commercial Bank of Dubai’s strategy to be Default Digital, the Bank recently announced the launch of its newest digital product offerings: integrated Liquidity Management Solutions (LMS) and Receivables Management Solutions (RMS).
Dr. Bernd van Linder, Chief Executive Officer of CBD, said, “We are delighted to add Liquidity Management and Receivables Management solutions to CBD’s ever growing suite of cash management products for our corporate clients. CBD is continuously looking for ways to support our clients by bringing solutions that address their strategic requirements. With these new developments, we seek to demonstrate the strength of CBD’s commitment to its clients and strive towards our vision to become default digital.”
“LMS and RMS are two of CBD’s latest dynamic suite of services which allows corporates to enhance their liquidity position, increase oversight, have full control, and optimize complex cash flows across multi-company account structures. Further, it enables them to streamline the reconciliation of their accounts receivables. With these new services, we hope to support and demonstrate our commitment to the growth of our large Emirati and family-owned client segment” stated Amol Bahuguna, Head of Payments and Cash Management.
Commercial Bank of Dubai is recognized as one of the leading Banks in UAE in cash management solutions and has been at the forefront in bringing banking innovations to the market. CBD was recognized as the ‘Best Cash Management’ Bank in UAE for its innovative Cash Management solutions and services by Banker Middle East in 2017 and 2018.