16-05-2025
Commercial Bank of Dubai Strengthens Fintech Innovation with New Strategic Partnerships
Commercial Bank of Dubai (CBD) has signed three major Memorandums of Understanding (MoUs) at the Dubai FinTech Summit, reinforcing its push toward technology-led transformation in banking.
The agreements—inked with Tata Consultancy Services (TCS), Nexthink, and CODE81—aim to enhance CBD's digital capabilities across employee experience, data analytics, and technology operations. Each MoU aligns with the bank's broader strategy to simplify banking through innovation.
CBD's partnership with Nexthink will focus on improving internal digital workflows and IT service delivery. Sultan Ahmed AlMahmood, Chief Human Resource Officer at CBD, signed the MoU alongside Nexthink CEO Gireesh Ramachandran. A second agreement with CODE81, signed by CBD's Head of Transformation Helen Brewster and CODE81 General Manager Nader Paslar, will boost CBD's data and analytics infrastructure.
The third MoU, signed with TCS, marks a decade of collaboration and sets the foundation for future tech advancements. It was formalized by CBD's Chief Information Officer Thomas Cherian and TCS's regional head Sumanta Roy.
CBD CEO Dr. Bernd van Linder emphasized that these partnerships reflect the bank's commitment to customer-centric innovation and support the UAE's vision of a digitally driven economy.
At the summit, Dr. van Linder participated in a panel on the evolving tech-driven economy, highlighting AI, generative AI, and the importance of talent and data readiness. Other CBD leaders also took the stage, discussing open finance, digital trust, and fintech collaboration.
As a strategic partner and exclusive VIP Lounge sponsor, CBD marked its third consecutive year at the summit. It also hosted the GCC Fintech World Cup Qualifier, underscoring its role in shaping the region's fintech future.
News Source: Ogilvy
