Commercial Bank of Dubai and City University College of Ajman celebrate their payments and cash management partnership

Commercial Bank of Dubai (CBD) and City University College of Ajman (CUCA) recently commemorated their partnership in Payments and Cash Management in a signing ceremony held at the CUCA campus in Ajman. Senior representatives from City University College of Ajman and CBD attended the event to celebrate the growing partnership between the two institutions. The new cash management mandate reaffirms CUCA’s commitment to adopt modern technology for the benefit of its customers.

Mr. Imran Khan, President of City University College of Ajman, said, “At CUCA, we are always looking for new ways to streamline our processes. With the transition to digital systems and processes, we expect to realize a significant enhancement to our operations.”

Seeing a need for innovative technological solutions, CBD worked with City University College of Ajman (CUCA) to build a simpler and more efficient process for their payments, collections and other transactional requirements. The solutions include bespoke account structure, cheque processing using remote Cheque scanning solution, cash collections through iCash, as well as payroll and payments through iBusiness.

CUCA is an institution of higher education located in Ajman. CUCA obtained its license from the UAE Ministry of Higher Education and Scientific Research in August 2011 and is part of R Holding.

Amol Bahuguna, Head of Payments & Cash Management at CBD, commented, “CBD is pleased with its long-standing relationship with CUCA. This new mandate, where the bank can support CUCA in their growing and ever evolving cash management needs, attests to the strength of our capabilities and the commitment of the two institutions to their relationship.”

Commercial Bank of Dubai is recognized as one of the leading Banks in UAE in cash management solutions and is always at the forefront in bringing banking innovations to the market. CBD was recognized as the ‘Best Cash Management’ Bank in UAE for its innovative Cash Management solutions and services by Banker Middle East in March 2017.