CBD and Infinios announce strategic partnership
New deal will offer next-generation digital banking
Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services B.S.C.(c) (Infinios) today announced a strategic partnership to support the growing fintech ecosystem in United Arab Emirates. Under the partnership, CBD, one of the leading banks in the UAE, will join hands with Infinios, a licensed and regulated card processor and payment services provider that offers next-generation digital banking and payment technology solutions, to enable fintech and digital commerce businesses and drive the take-up of embedded financial services in the UAE to achieve the financial inclusion objectives of the UAE.
Andrew Sims, CEO, Infinios said “We are delighted to be working with CBD under a long-term enablement partnership that will enhance Infinios’ overall embedded financial services proposition to its customers and distribution partners.”
Amit Malhotra, General Manager – Personal Banking Group, CBD, said: “The collaboration with Infinios is in line with our commitment to support the growing fintech ecosystem in the UAE.”