UAE’s CBD honored for innovative banking solutions at Finnovex Awards

By Amirtha P S, Desk Reporter
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Commercial Bank of Dubai (CBD), one of UAE’s leading financial institutions, has been recognized for its innovative retail banking services at the 3rd Annual Finnovex Middle East 2021 event held recently at Conrad Dubai.

The Dubai-based bank won the “Excellence in Innovation-Retail Banking” award at the event. Further, Mr. Amit Malhotra, General Manager of Personal Banking Group at CBD was recognized with the ‘Finfluencer of the Year’ award.

The Finnovex Awards recognize and appreciate the effort of individuals, institutions and service providers in the field of financial services. The event aims at honoring the pioneers and visionaries who have transformed the financial services sector. Finnovex looks to serve as an effective platform for financial institutes to showcase their talent and identify leaders within the industry. Award winners were chosen from several entries across the region and evaluated by an experts panel.

Dr. Bernd van Linder
Dr. Bernd van Linder

“We are extremely pleased to receive the “Excellence in Innovation – Retail Banking” Award as part of the Finnovex Awards 2021. 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 customers with world-class digital services across all platforms. We have always taken the lead and launched some of the most innovative digital banking initiatives in the market. The award strengthens our determination to continue setting the standard in digital banking excellence.”

Mr. Amit Malhotra, General Manager, Personal Banking Group at CBD, said, “We are pleased that Finnovex Awards has recognized the hard work we have put into our digital banking services. Today’s rapidly changing world requires offering innovative financial solutions to customers in the easiest and fastest way that technology can provide. We have invested heavily in the right people, processes and technology to bring our customers a host of digital offerings and innovations and provide them with a seamless banking experience. CBD has launched some of the most innovative digital banking solutions such as the CBD Digi Account, CBD One Card and CBD Mobile app.”

Related: Qatar’s QIB secures two prestigious accolades from The Asian Banker