Enterprise Payment Hub (EPH) Qorus Banking Innovation Awards 2023

Submitted by

Commercial Bank of Dubai

Premium

12/09/2023 Banking Innovation

CBD's groundbreaking innovation, the "Enterprise Payment Hub (EPH) is a cutting-edge payments platform that has propelled Commercial Bank of Dubai (CBD) to new heights, enabling seamless, secure, and efficient payment experiences for over 1.5 million customers. With its state-of-the-art technology, CBD's EPH has not only met customer expectations but exceeded them.

Innovation details

Country
United Arab EmiratesCategory
Core Offering InnovationKeyword
Payments

Innovation presentation

The "Enterprise Payment Hub (EPH)" is a game-changing platform that empowers CBD's customers with a comprehensive suite of features, including: • Centralized Payment Hub: Offering an unparalleled omni-channel experience by integrating products and schemes into a single platform. • Event-Driven Architecture: Ensuring lightning-fast payment processing and tracking. • Real-Time Integration: Seamlessly connecting with Fraud and AML detection for enhanced security. • Cloud-Agnostic Solution: Enabling effortless scalability and integration. • ISO 20022 Aligned: Easily adapting to any ISO mandates, ensuring compliance. • Intelligent Pre-Processing: Featuring smart routing and transformation toolkit for efficient transactions. • Self-Diagnostic System: Utilizing ML-based predictability to identify and resolve potential issues. • 99.9% Platform Availability: Ensuring uninterrupted service to customers.

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