UAE’s leading financial institution, Commercial Bank of Dubai (CBD) has been titled as the winner of the ‘Most Innovative Bank of the Year award’ at the Leaders in Fintech Awards ceremony held recently.
The Leaders in Fintech Awards 2021 is an event organized by Entrepreneur Middle East, a regional business magazine based in Dubai. The prestigious accolade recognizes and rewards individuals and institutions who are key players in the Middle East North Africa (MENA) ecosystem and shape the future of fintech in the region.
On behalf of CBD, the award was received by Mr. Stefan Kimmel, chief operating officer (COO), Mr. Amit Malhotra, General Manager (GM) of Personal Banking Group and Mr. Jamal Al Matari the head of private banking.
“Innovation is a key pillar of the bank’s strategy in line with its goal of becoming ‘Default Digital’. CBD is a pioneer in the banking industry providing innovative digital banking services by understanding customers’ needs and leveraging the most advanced banking technologies to provide them with a simple and seamless banking experience. We are honored to be recognized for our efforts by a reputed institution such as Entrepreneur Middle East.”
Commending on the achievement Mr. Malhotra said, “We are pleased that Leaders in Fintech Awards 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 has launched some of the most innovative digital banking solutions.”
CBD has also won several awards in the digital and innovation realm recently for “Best Innovation Processes” and “Best Customer Experience” by the Transformers Awards, “Best Local Bank in UAE” and “Best Product Launch in the Middle East” at EMEA Finance’s Middle East Banking Awards 2020, the IBSI Award for the “Most Innovative Project for Bank-Fintech Partnership”, “Most Innovative Card of the Year” Award at the Seamless Awards, amongst many others.