Commercial Bank of Dubai recognized with “Most Innovative Digital Bank” Award by International Finance Magazine

Dubai, 24 January 2019: Commercial Bank of Dubai, one of the leading banks in the UAE, has been named the winner of “Most Innovative Digital Bank Award” at the 2018 International Finance Magazine (IFM) Awards ceremony held recently at the Jumeirah Emirates Towers in Dubai. The award was received by Amit Malhotra, General Manager – Personal Banking Group, Khaled Al Hammadi, Head of Sales and Distribution and Omar Kazmi, Head of Digital Banking.

Winning this prestigious award is a notable achievement for Commercial Bank of Dubai and a testament to CBD’s drive towards becoming a truly digital bank. It’s also a validation of the significant investment made by the Bank in digital technology and innovation to help set new standards for customer service.

The award-winning CBD Mobile App is a next generation app that offers an exceptional customer experience combined with convenient and value-added services like smart notifications, budget and expense tracker, rewards, offers and more. The app provides seamless on-boarding for customers in a matter of minutes, with same day card delivery, and also allows customers to report and block lost or stolen cards and apply for replacement cards with just one click.

Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai said, “It is a matter of immense pride that CBD has won the “Most Innovative Digital Bank Award” at the 2018 International Finance Magazine (IFM) Awards ceremony, which recognizes the extraordinary talents of those within the industry. This award strengthens the commitment to our vision of becoming default digital and to the future of mobile banking. We are fully focused to deliver in this key area in order to meet customer needs through innovative services.”

Amit Malhotra, General Manager – Personal Banking Group at CBD, said, “We are pleased that IFM has recognized the hard work we have put into our digital banking services. At CBD, customer centricity and convenience lie at the heart of all our initiatives. Understanding today’s busy lifestyle and the need to keep things simple and streamlined, CBD’s digital banking solutions offers simplicity and ease of transaction to its customers, combined with great user experience.”

International Finance Magazine (IFM) is a London based online magazine with a readership in over 150 countries. The award recipients have been chosen after a rigorous selection process by the internal IFM team as well as key inputs from an external agency. International Finance Magazine honors the achievers in the banking industry who have excelled in their areas of expertise and made contributions through activities of note.