National bank Commercial Bank of Dubai (CBD) has announced its partnership with the Dubai FinTech Summit (DFS), organized by Dubai International Financial Centre (DIFC), a leading global financial hub in the MEASA region.
The collaboration solidifies CBD’s commitment to supporting innovative businesses on a global scale, marking a major milestone in the evolution of the financial landscape.
The strategic partnership agreement was formalized in the presence of Arif Amiri, CEO of DIFC Authority, and Dr. Bernd van Linder, CEO of Commercial Bank of Dubai.
Mohammad Alblooshi, CEO of DIFC Innovation Hub, and Ali Imran, COO of Commercial Bank of Dubai, represented their respective organizations during the signing ceremony.
Notably, Commercial Bank of Dubai holds the distinction of being the first bank to establish a Digital Lab at the DIFC Innovation Hub. Over the years, the bank has played a pivotal role in fostering a dynamic and technology-driven financial ecosystem, paving the way for a smarter, more connected financial future. Through strategic initiatives like the Buy Now Pay Later (BNPL) solution by Postpay, CBD has actively contributed to advancing the payments sector, thereby accelerating the growth of the FinTech industry.
Arif Amiri, CEO of DIFC Authority, emphasized the significance of the partnership, stating, “The Dubai FinTech Summit serves as a platform for forging powerful partnerships and bringing together visionaries, innovators, and disruptors who are shaping the future of finance. Our collaboration with Commercial Bank of Dubai underscores our shared commitment to nurturing an energetic and forward-thinking FinTech ecosystem.”
Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, expressed enthusiasm about participating in the Dubai FinTech Summit 2024, highlighting it as a global platform uniting industry luminaries to drive the future of finance. He reiterated CBD’s dedication to innovation and its vision to lead the FinTech revolution, emphasizing the bank’s customer-centric approach in delivering innovative solutions.
Aligned with Dubai’s ambitious D33 Agenda to establish the city as a top global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit aims to foster cross-border collaboration and innovation critical to transforming the global FinTech sector.
Set to take place on May 6-7, 2024, at Madinat Jumeirah, Dubai, the summit will bring together over 8,000 decision-makers, 300 thought leaders, and 200 exhibitors, offering a platform to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.
The partnership between Commercial Bank of Dubai and Dubai International Finance Centre highlights their shared commitment to fostering innovation and driving financial advancement, positioning Dubai as a leading hub for FinTech innovation on the global stage.
