Dubai: Commercial Bank of Dubai, one of the leading banks in the United Arab Emirates, received the prestigious award for “Best Technological Innovation in Financial Services” at the Seamless Middle East Awards 2022 ceremony held recently at Jumeirah Emirates Towers in Dubai.
The award was given to CBD for its CBD Investr app, which is the first robo-advisory investment solution in the region offered by a bank. The innovative investment app is powered by intelligent algorithms that actively manage investment portfolios to deliver optimal risk-adjusted performance.
The Seamless Awards are the Middle East’s most coveted awards for the payments, e-commerce and retail industries, and reward companies and individuals who demonstrate an unparalleled ability to succeed and continually establish standards of excellence.
The award was received by Ali Imran, Chief Operating Officer, Amit Malhotra, General Manager – Personal Banking Group, Khaled Al Hammadi, Head of Sales and Distribution and Wissale Desoindre, Head of Channels and Digitalization.
Dr. Bernd van Linder, Managing Director of Commercial Bank of Dubai, said, “Digital transformation and innovation are critical to our continued success and we will continue to invest significantly in these areas to ensure we remain at the forefront of the financial industry and offer our customers a convenient and transparent banking experience. We are honored to receive this prestigious award, recognizing our continued commitment to bringing a new era of digital fund and wealth management experience for the benefit of all individuals in the region. We are proud that CBD Investr is recognized as an innovative investment solution that helps individuals grow their wealth in a simpler, more transparent and more affordable way.
Ali Imran, COO of CBD, said, “We are delighted to be recognized with the award for ‘Best Technological Innovation in Financial Services’ by the Seamless Awards 2022. The CBD Investr app helps investors create an optimal investment portfolio based on data and analysis. Our goal is to make investing simple and convenient, thereby encouraging clients to start investing early.
Through the CBD Investr app, clients have convenient access to a diversified and personalized portfolio of stocks, bonds and other asset classes using low-cost exchange-traded funds (ETFs) aligned with investors’ risk profiles.
The app offers clients the option of robotic advisory portfolios or the ability to invest on your own through the auto-investor option. Robo Advisory Portfolios are actively managed by intelligent algorithms to deliver optimal performance, without the need for clients to manage and track the markets. The auto-investor option gives clients the flexibility to buy and sell their preferred stocks and ETFs in real time, providing a more personal and personalized experience.
About Dubai Commercial Bank:
The Commercial Bank of Dubai was established in 1969 and is registered as a Public Joint Stock Company (PSC). The Bank is listed on the Dubai Capital Market and is predominantly owned by UAE nationals, with 20% owned by the Investment Corporation of Dubai (ICD). Over the years, Commercial Bank of Dubai has established itself as a progressive and modern banking institution with a solid financial structure and solid management, as well as a loyal clientele and correspondent base. and constantly growing. Today, CBD is one of the leading banks in the United Arab Emirates and offers its customers a full range of retail and commercial banking products and services.