Commercial Bank of Dubai recognized with “Best Payments Bank in the UAE” and “Best ERP Integration Application” awards at The Asian Banker Middle East Transaction Awards

Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has won two prestigious Awards from The Asian Banker at the 2019 Middle East Transaction Awards, for “Best Payments Bank in United Arab Emirates” and “Best ERP Integration Initiative, Application or Programme”.

The awards were received by Othman Bin Hendi, General Manager – Corporate Banking, C. Krishna Kumar, Chief Operating Officer, Amol Bahuguna, Head of Payments and Cash Management and Senior CBD Executives at a ceremony held recently in Conrad Hotel in Dubai.

The Asian Banker Transaction Awards is one of the most rigorous, prestigious and transparent annual awards programme recognising leadership in cash management, trade finance, supply chain finance and payments amongst domestic and international financial institutions in Asia Pacific, the Middle East and Africa.

CBD’s Payments and Cash Management services provide a comprehensive range of innovative products and services including payments, collections and liquidity solutions. It supports clients in their cash management needs and improving operational efficiency through process automation. 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.

Commenting on the awards, Othman Bin Hendi, General Manager – Corporate Banking, Commercial Bank of Dubai, said, “We are delighted to have been recognized by The Asian Banker Middle East Transaction Awards for “Best Payments Bank in the UAE” and “Best ERP Integration Initiative, Application or Programme” for our iConnect solution. In line with our goal to be ‘default digital’, the bank has been instrumental in driving digital transformation and investing in state-of-the-art technology to provide customers with bespoke and robust cash management solutions. These solutions have helped increase efficiencies and reduce operational challenges, thereby providing exceptional experience to their customers.”

Amol Bahuguna, Head of Payments and Cash Management at CBD, said, “We are delighted to receive this recognition from The Asian Banker Middle East Transaction Awards. What sets CBD Cash Management Services apart from the rest in the industry is our leadership in providing bespoke treasury solutions to our customer’s ever growing requirements. Continued investment in our transaction banking offering has seen CBD ranked by its wholesale customers as the leading domestic payment and cash management bank in the UAE”.