CBD Signs Three MoUs, Strengthening Digital Banking Vision at Summit

Commercial Bank of Dubai (CBD), a leading financial institution in the UAE, signed three Memorandums of Understanding (MoUs) this week at the Dubai FinTech Summit. These agreements with Tata Consultancy Services (TCS), Nexthink, and CODE81 align with CBD’s commitment to making everyday banking effortless and simple through thoughtful innovation.

The MoU signings were witnessed by several CBD representatives alongside partner signatories at the Summit.

• Nexthink: Sultan Ahmed AlMahmood, Chief Human Resource Officer at CBD, and Gireesh Ramachandran, CEO at Nexthink, signed an agreement focusing on enhancing employee experience via advanced digital workplace analytics and proactive IT service management.

• CODE81: Helen Brewster, Head of Transformation and Business Management at CBD, and Nader Paslar, General Manager at CODE81, signed a strategic partnership to accelerate CBD’s data and analytics capabilities, supporting its data-driven transformation journey.

• TCS: Thomas Cherian, Chief Information Officer at CBD, and Sumanta Roy, President & Regional Head – Middle East and Africa at TCS, signed an MoU marking ten years of partnership, reinforcing collaboration in technology service operations and future innovation.

Dr. Bernd Van Linder, CEO of CBD, said:
“At CBD, technology must ultimately serve and benefit the customer. These partnerships reflect our ongoing commitment to meaningful innovation. For over 50 years, we’ve grown alongside the UAE and continue to invest in collaborations that lead digital transformation, aligning with the UAE’s vision for a future-proof, globally competitive economy.”

CBD Leadership at Dubai FinTech Summit Panels

On the summit’s opening day, Dr. Bernd Van Linder participated in a panel titled, “The next financial frontier: navigating the tech-driven economy.” He emphasized technology’s role in delivering superior customer experiences and highlighted CBD’s partnership-driven approach, fintech collaborations, and Digital Factory at DIFC. He also discussed AI and GenAI’s move from theory to real-time application, unlocking new sector possibilities, stressing the importance of equipping people with the right skills and data.

Vladislavs Mironovs, Chief Digital Officer, led a panel on “Open finance, open possibilities: Redefining financial innovation and inclusion globally.” He discussed how collaboration among banks, fintechs, and regulators is vital to unlocking open finance’s potential. Mironovs underscored that customer needs remain central as consumers are willing to share data for benefits like improved credit scoring and seamless payments.

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Hamayoun Khan, Head of Transaction Banking, hosted a fireside chat with Haifin’s CEO titled “Reimagining Bank Guarantees: Digitising Trust, Scaling Impact.” The discussion focused on digitizing trade instruments and scaling impact across the financial ecosystem.

CBD’s Commitment to Innovation and FinTech Development

CBD marked its third consecutive year participating in the Dubai FinTech Summit as a strategic partner and exclusive VIP Lounge sponsor, reinforcing its dedication to driving financial sector innovation. Ahead of the event, CBD hosted the GCC FinTech World Cup Qualifier, where top startups competed for a place in the global finals. By hosting and serving on the jury, CBD reaffirms its commitment to nurturing emerging talent and entrepreneurship.

These initiatives underscore CBD’s alignment with the D33 agenda and the UAE’s national goal of building a globally competitive, innovation-led economy.

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