Monday, Dec 12, 2016

Dubai: CBD Now, the UAE’s first digital-only bank targeting millennial and digitally connected customers plan to start operations in early 2017, according to senior executives of the bank.

The new proposition will allow customers to completely change the way they manage their finances using technology to serve all their banking needs. The bank will offer customers a smart, seamless and personalised mobile bank, allowing them to perform all financial services via their smartphone.

CBD Now bank plans to offer a series of specialised products, including current accounts, savings accounts and credit cards. These have been designed to help our customers better control their finances.

Ahead of products roll out on the new platform, CBD Now yesterday unveiled the new logo and brand identity.

“Customer convenience and centricity lies at the heart of all our initiatives. Our clients’ needs are rapidly changing and they want to bank in the most convenient way. We seek to seamlessly integrate banking into our clients’ everyday lives so that banking becomes simpler, easier and personalised. CBD Now offers a portal to a world of specialised financial services,” said Murray Sims GM Personal Banking Group at Commercial Bank of Dubai.

The new digital platform will develop and rollout banking products in a collaboration with customers. The bank has designed what it calls ‘co-founders’ program’ that involves pioneering customers who provide input to building the bank of their dreams.

“We are building a bank that is different from the rest, and so we want our co-founders to get involved and participate in the creation and development of the new bank,” Stelios Michaelides, Head of Digital Banking.

The bank will open the co-founders programme to a select group of customers Today (December 13) and their inputs will be key to designing new products and services on the platform.

Staff Report

Gulf News 2016. All rights reserved.