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Commercial Bank of Dubai and Thunes partner to offer real-time international remittances

24 June 2020

Singapore/Dubai, 24 June 2020 - Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction flows between the UAE and the rest of the world.

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28 March 2019

Commercial Bank of Dubai recognized with “Excellence in Payment” at the 2019 Finnovex Awards

Commercial Bank of Dubai (CBD) has won the award for “Excellence in Payments”, at the 2019 Finnovex Awards ceremony, held on the sidelines of the Finnovex Middle East Summit on Financial Services Innovation and Excellence at the Address Dubai Marina Hotel on 19th March, 2019. The awards were received on behalf of CBD by Hassan Al Redha, General Manager, Institutional & Transaction Banking and Amol Bahuguna, Head of Payments & Cash Management.

The Finnovex Awards recognize and celebrate outstanding achievements in the banking and finance industry. They are aimed at honouring organizations and individuals that have consistently demonstrated exemplary performance, as well as serve as an effective platform for financial institutes to showcase their talent and identify leaders within the industry. Award winners were chosen from across several entries across the region and evaluated by a judging panel, based on the domestic payments capabilities, continued investment in payments and excellence in product offerings.

Commenting on the award, Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai said, “We are delighted to receive the “Excellence in Payments” recognition as part of the Finnovex Awards. This award reaffirms our position as the number one provider of payments and cash management services and is a strong validation of CBD’s strategy of continued investment in technology and innovation to meet the dynamic and changing requirements of our clients.”

Amol Bahuguna, Head of Payments and Cash Management at Commercial Bank of Dubai said, “We are proud that our innovation products and solutions in payments and cash management have been recognized by industry experts. CBD has been instrumental in driving digital transformation and investing in state-of-the-art technology to provide customers with bespoke, innovative solutions, which help clients maximize their working capital and improve their operational efficiency.”

CBD’s Payment and Cash Management Services provide a comprehensive range of integrated 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. The award is an affirmation of CBD’s strength and expertise in providing bespoke solutions to clients, helping them to create value and efficiency across their Treasury function.

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