Commercial Bank of Dubai recognized with “Best Online Cash Management” Award by Global Finance

Dubai, 02 October 2018: Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, won the “Best Online Cash Management Award” at the Global Finance’s 2018 World’s Best Digital Bank Awards in the Middle East for the Corporate/Institutional Digital Bank categories.

The award was received at a ceremony held recently at the Madinat Jumeirah in Dubai.

The Best Online Cash Management Award in the UAE is a testament to CBD’s drive towards becoming a default digital bank and a validation of the significant investments made by the Bank in digital technology and innovation, thereby setting new standards for customer service.

CBD’s Cash Management Services provide a comprehensive range of highly sophisticated products and services including payments, collections and liquidity solutions. It supports clients in their growing and ever evolving cash management needs, and, through process automation, improving the operational efficiency.

Commenting on the awards, Dr. Bernd van Linder, CBD’s Chief Executive Officer said: “We are delighted to have been recognized as “Best Online Cash Management” provider in the UAE by Global Finance. Winning this award is a strong validation of CBD’s strategy of continual investment in technology and innovation to meet the dynamic and changing requirements of our clients.”

Amol Bahuguna, Head of Payments and Cash Management at CBD added: “What sets CBD Cash Management Services apart from the rest of the industry is our understanding of our clients’ needs and wants, and meeting them through bespoke and innovative solutions. We provide our customers with customized cash management solutions and create value through an unparalleled banking experience whilst providing them with the necessary support and advisory tools to grow their business.”

Winning banks were selected among entries evaluated by a world-class panel of judges at Global Finance Editorial Board. Some of the criteria used in the evaluation process include strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings and evidence of tangible benefits gained from digital initiatives.

CBD has received a number of awards and recognitions in cash management and is always at the forefront in bringing banking innovations to the market. CBD was recognized as the ‘Best Cash Management’ Bank in UAE by Banker Middle East in 2017 and 2018.