Commercial Bank of Dubai recognized with “Excellence in Payment” at the 2020 Finnovex Awards

Dubai, 11 November 2020: Commercial Bank of Dubai (CBD), one of the leading financial institutions in the UAE, won the prestigious ‘Excellence in Payment’ Award at the Finnovex Awards 2020, held at the Conrad Dubai Hotel recently. The award was presented to Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai. This is the second year in a row that CBD has won the ‘Excellence in Payment’ Award, having won this accolade in 2019 as well.

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 an experts 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 2020 for the second year in a row. This award highlights our commitment to providing secure and convenient payment solutions. We will continue to ride the wave of disruption by providing innovative payment solutions as part of our ‘default digital’ strategy.”

Hassan Al Redha, General Manager, International & Transaction Banking at Commercial Bank of Dubai said, “We are proud that our innovative 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 otimize their working capital and improve their operational efficiency.”

Amit Malhotra, General Manager, Personal Banking Group at Commercial Bank of Dubai, said, “CBD has always been committed to driving the digital transformation especially in the payments sector. As technology continues to transform the payments landscape, CBD continues to innovate and explore new digital solutions to meet the evolving needs of our customers and enable them to transact more efficiently and conveniently.”

CBD has won several awards in the digital and innovation realm notably and recently for “Best Mobile Banking App” and “Best in Lending” at the Global Finance’s 2020 World’s Best Digital Bank Awards. CBD has also been recognized with the “Best Cash Management Bank Award in the UAE for 2019”, from Global Banking and Finance Review, “Excellence in Payments” at the 2019 Finnovex Awards, “Beat Cash Management in the UAE” Award by Banker Middle East in 2017, 2018 and 2019, “Best Payments Bank in the UAE” and “Best ERP integration Application” in 2019, by The Asian Banker and the “Best Online Cash Management Award” by Global Finance.