Media ININ Economy We Trust
Dubai 13-10-2019
Commercial Bank of Dubai (CBD) has partnered with Armada Group to support the Group in meeting their banking needs and provide them with innovative digital solutions to improve their operational efficiency.
The event was held at the Armada Group offices and was attended by Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai and Dr. Mohammed Raheef Al Hakimi, Chairman of Armada Group and senior management from both parties.
Dr. Bernd van Linder stressed the importance of this partnership, pointing out that Commercial Bank of Dubai is working with its customers to meet their challenges through innovative digital solutions tailored for them.The bank plays an active role in driving digital transformation and investing in the latest technology to provide customers with innovative cash management solutions.
For his part, the Chairman of Armada Group said that our partnership with Commercial Bank of Dubai and the cash management team contributed to improve our cash operations and reduce the challenges and risks involved. We can now make all payments and payroll electronically, which greatly reduces paperwork and working hours.
“We are delighted with the digital solutions offered by Commercial Bank of Dubai and look forward to building a long term relationship with Commercial Bank of Dubai and adding more new services in the future to provide a complete digital electronic platform covering all our banking requirements.”
With Commercial Bank of Dubai’s state-of-the-art digital solutions, Armada will be able to access a range of payment and cash management solutions, including iPrint, which allows businesses to print checks from any office printer and iCollect, which ensures faster and more current and delayed checks. iBusiness is an online banking platform that facilitates payment services such as transfers, local and international payments, bill payments and salaries as well as escrow services for owners’ associations for their real estate projects.
