• “The Microsoft Azure cloud will deliver on CBD’s vision to digitally transform itself into a modern banking institution that can adapt and respond to the ever-changing customer needs.” Said Sayed Hashish, General Manager, Microsoft UAE

Dubai, United Arab Emirates: In a further boost to its digital transformation initiative, Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, today announced its partnership with Microsoft for the deployment of mission critical workloads on Azure Cloud aligned with the cloud strategy.

The announcement comes after the recent launch of Microsoft’s two new cloud regions in the UAE, one in Dubai and one in Abu Dhabi that will aim to serve Middle East organizations by empowering them to avail the Microsoft’s trusted and intelligent cloud availing high performance, scalability, security, data residency and the broadest compliance standards.

Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai, said: “As part of our commitment of becoming a ‘default digital’ bank, we are pleased to partner with Microsoft to leverage the Microsoft Azure Cloud, which will help us increase our business efficiencies, support digital culture change and better meet our customer needs.”

“CBD has been focusing on digital transformation across all business lines, and this partnership will further reinforce our position as a digital and innovation leader in the financial industry, underscored by Microsoft’s investment in security, transparency and regulatory compliance” he added.

CBD has been implementing several initiatives to promote innovation across the financial services industry and particularly in the area of digitization to deliver engaging customer experiences. The adoption of the Microsoft Azure cloud will further enable the bank to modernize its technology landscape, enhance its performance, reinvent customer engagement and promote innovation within the entity.  The move will also boost CBD’s existing innovative initiatives such as Fraud prevention, AML, conversational banking user experiences, AI and analytics using the Microsoft Azure Cloud services.

“The UAE’s Financial Services Industry, in recent times, has exponentially prioritized the culture of innovation across its different line of businesses, and banks like CBD have been at the frontier of this effort to achieve the vision of a truly digital bank,” Said Sayed Hashish, General Manager, Microsoft UAE. “The Microsoft Azure cloud will deliver on CBD’s vision to digitally transform itself into a modern banking institution that can adapt and respond to the ever-changing customer needs.”

CBD will be one of the first financial institutions in the UAE to leverage Microsoft’s new cloud regions in the UAE. The Microsoft Azure cloud is home to several digitally innovative organizations across the Middle East, as they seek to better engage their customers, empower employees, optimise operations and reinvent products and services.

-Ends-

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. Microsoft opened its Dubai-based headquarters in 1991 which, today, oversees operations across the region.

For more information (Press only):

Hassan Al Shouli , Microsoft MEA

E : alshouli@microsoft.com 

M: +971 50 934 0133

Husain Gandhi, ProGlobal Media

E: h.gandhi@proglobal.ae 

T: +971 56 534 8764

About Commercial Bank of Dubai:

Commercial Bank of Dubai was established in 1969 and is registered as a Public Shareholding Company (PSC). The Bank is listed on the Dubai Financial Market and is fully owned by UAE Nationals, including 20% by the Investment Corporation of Dubai (ICD). Over the years, Commercial Bank of Dubai has built itself into a progressive and modern Banking institution, endowed with a strong financial structure and strong management, as well as a loyal and ever increasing customer and correspondent base. 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. 

For additional information, contact Mr. Sandeep Poduval Shivram, Head of Marketing, Commercial Bank of Dubai on 04 – 2121899 or email sandeep.poduval@cbd.ae 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.