Qorus Banking Innovation Awards 2023

AI-Based Cheque Clearing System at Commercial Bank of Dubai (CBD)

Submitted by

Commercial Bank of Dubai

Logo of Commercial Bank of Dubai
premium
Q+
12/09/2023 Banking Innovation

About

Commercial Bank of Dubai (CBD), a prominent financial institution in the UAE, has harnessed cutting-edge technology to revolutionize the traditional and time-consuming process of cheque clearing. With a customer base exceeding 1.5 million and an impressive 10% growth rate in the past year, CBD credits its remarkable success to its state-of-the-art payment platforms. In its relentless pursuit of enhancing the customer experience, CBD has introduced an AI-based cheque clearing system that automates and expedites the verification of cheques, making it a seamless and efficient journey for its customers.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related Content