Commercial Bank has been awarded The Banker Award for "Innovation in Digital Banking" in the Middle East 2020 in recognition of its leading innovative digital services in the region.
The award recognises Commercial Bank’s excellence and innovation in financial technology, as it looks for digital initiatives led by banks that demonstrate innovation and transformation.
Commercial Bank said, “It has taken a radical transformation path through which we aim to ultimately digitise its customers’ banking journey; therefore, paving the way for faster, easier, and more convenient banking operations and day-to-day transactions.”
In 2020, the bank has demonstrated once again its ability to cope with change and invest in technology as a means to provide its customers with the majority of their banking needs through its digital channels and award-winning mobile application.
Throughout the year, Commercial Bank has been the first to deliver several innovative digital banking services in the market such as "CB Household Worker PayCard", "CB Pay", and "CB Pay for Merchants."
Commercial Bank Group CEO Joseph Abraham said, “Commercial Bank is committed to digital innovation to enhance the experience of our customers. This award reflects the strength and breadth of our best-in-class digital products and our strategy of investing in innovative technologies. We will continue to introduce new digital innovations that make banking easy, convenient and secure.”
The bank continues to deliver secure, best-in-class digital products and services to consumers in both the wholesale and retail banking markets.
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