Commercial Bank of Dubai creates digital lab at DIFC Innovation Hub

Dubai: Commercial Bank of Dubai, a leading bank in the United Arab Emirates, announced the opening of its digital lab at the Dubai International Financial Center (DIFC) Innovation Center, the largest innovation ecosystem in Dubai. the region.

The CBD Digital Lab was inaugurated by the Chairman of the CBD, SE Humaid Alqutami, the Vice-Chairman of the CBD, HE Sultan Saeed Al Mansoori, and the Governor of the DIFC, HE Essa Kazim. Senior CBD executives, including Managing Director Dr Bernd van Linder; and the DIFC Authority, whose CEO, Arif Amiri, were present to mark the occasion.

At the inauguration, guests toured the lab and learned more about how CBD’s digital lab supports the ambitions of the UAE’s digital and FinTech ecosystem. Guests were also shown the CBD Think + Pod, a space that gives DIFC residents and visitors a great opportunity to collaborate and reflect, as well as hold private meetings in the unique “Think Pod”.

Dr. Bernd van Linder, Managing Director of Commercial Bank of Dubai, said: “We are delighted to launch the CBD Digital Lab, strengthen our default digital ambition and encourage FinTechs to come up with new ideas and solutions. solutions that can improve, improve and reinvent the way we serve our customers. The launch of the CBD Digital Lab is in line with our commitment to support the UAE government’s initiatives to be one of the most innovative nations in the world. In addition, it reaffirms our efforts to develop the financial technology infrastructure, open up innovation opportunities and bring new and innovative financial products to the market. “

He added, “Rapid changes in financial technology are reshaping the future of the banking industry and the CBD Digital Lab will help stimulate and inspire a culture of disruption and innovation within CBD. “

Arif Amiri, CEO of DIFC Authority, said: “DIFC continues to strengthen its position as the leading global financial center, business and innovation hub of the region, leading not only the future of finance, but more and more the future economy. By helping partners like CBD introduce creative initiatives similar to their digital lab, we are also helping Dubai become a global hub for innovation and technology. Home to the region’s largest innovation ecosystem, the DIFC Innovation Hub is paving the way for entrepreneurs and innovators to further accelerate the FinTech sector in the region and beyond.

The groundbreaking ceremony ended with the presentation of the bespoke and innovative NFT artwork to the Governor of DIFC.

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About Commercial Bank of Dubai:

The CBD journey began in 1969. As one of Dubai’s oldest banks, CBD has embarked on five decades of sustainable growth and strategic expansion. Today, CBD is one of the leading financial institutions in the UAE and continues to support the ambitions of businesses and people in this country. CBD differentiated itself by creating new concepts in the market and launching unique products and services. Its innovative approach and emphasis on customer experience have been recognized with numerous awards and distinctions. Most recent: Most Innovative Bank of the Year to Leaders at FinTech Awards ME, Excellence in Innovation – Retail Banking Award at Finnovex Middle East, Best Robo Advisory Investment Solution Award at MEA Finance 2021 and many others.

For more information, contact Mr. Sandeep Poduval Shivram, Head of Corporate Communications, Commercial Bank of Dubai at 04 – 2121899 or by email at [email protected]

About the Dubai International Financial Center

The Dubai International Financial Center (DIFC) is one of the most advanced financial centers in the world and the main financial center for the Middle East, Africa and South Asia (MEASA), which includes 72 countries with a population of around 3 billion people and an estimated GDP of 7,700 billion dollars.

With 17 years of experience in facilitating trade and investment flows in the MEASA region, the Center connects these fast growing markets to the economies of Asia, Europe and the Americas through Dubai.

The DIFC is home to an internationally renowned independent regulator and proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of nearly 28,000 professionals working in more than 3,200 active registered companies – making up the largest and most diverse pool. industry talent in the region.

The Centre’s vision is to lead the future of finance through advanced technology, innovation and partnerships. Today it is the future global center for finance and innovation offering one of the most comprehensive FinTech and venture capital environments in the region, including cost-effective licensing solutions, tailored regulation , innovative accelerator programs and funding for the start of the growth phase. -UPS.

Comprising a variety of world-renowned retail and restaurant businesses, a vibrant arts and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of the business and lifestyle destinations. most sought after in Dubai.

For more information, please visit our website: www.difc.ae

For media inquiries, please contact:
Omar Nasro
ASDA’A BCW
+9714 4507 600
[email protected]bcw-global.com
www.asdaa-bcw.com
www.arabyyouthsurvey.com

Tarek Kiwan
Dubai International Financial Center Authority
Manager, Corporate Communications
+971 4 362 2454
[email protected]

© Press release 2021

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