Skip To The Main Content

Press Room


Most Recent Press Release
PressRlease-partnership-infinois

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.

Read More
press-innerpage_TFC

15 July 2021

Commercial Bank of Dubai Receives the “Outstanding Digital Transformation in Trade Finance” Award by “The Digital Banker”

Dubai, 12 July 2021: Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has won the “Outstanding Digital Transformation in Trade Finance” Award during the 2021 Middle East & Africa Innovation Awards event, organized by ‘The Digital Banker’.

The Digital Banker awards recognize and celebrate the world's preeminent Financial Services Organizations that are pioneering unrivalled standards and capabilities in their respective fields. The awards programs are globally acclaimed and co-judged by leading consultancies and reporters who are subject matter experts in Retail Banking, Private Banking, Transaction Banking, Investment Banking, Corporate Banking, Asset Management and Insurance, to ensure full transparency and an impartial assessment.

Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai, commented: “We are proud that our innovative products and solutions in trade finance have been recognized by reputable 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 optimize their working capital and improve their operational efficiency.”

Ali Imran, Head of Transaction Banking & Wholesale Digital Services at CBD, added: “This achievement is in line with our efforts to support the digital economy, ensuring customers are provided with the most efficient banking services that enable them to bank securely from anywhere in the world, even during challenging times. We will continue to ride the wave of disruption by providing innovative payment solutions as part of our ‘Default Digital’ strategy”.

CBD’s Trade Finance offering, the first of its kind in Middle East, provides both Buyer and Seller Led Supply Chain Finance solutions through a single portal for corporates. To ensure compliance with local data regulations, the solution has been deployed using Microsoft Azure’s UAE cloud. The platform is also capable of handling clients and their counterparts located anywhere across the globe as the KYC metrics will be customized according to respective country’s regulation requirements.

Back