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Commercial Bank of Dubai and Infinios Announce Strategic Partnership

14 October 2021

Dubai, UAE; and Manama, Bahrain. 4th October 2021. Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services B.S.C.(c) (Infinios) today announced a strategic partnership to support the growing fintech ecosystem in United Arab Emirates. Under the partnership, CBD, one of the leading banks in the UAE, will join hands with Infinios, a licensed and regulated card processor and payment services provider that offers next-generation digital banking and payment technology solutions, to enable fintech and digital commerce businesses and drive the take-up of embedded financial services in the UAE to achieve the financial inclusion objectives of the UAE.

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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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