UAE’s CBD inks deal with Bahrain-based Infinios to support fintechs

UAE’s CBD inks deal with Bahrain-based Infinios to support fintechs

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Commercial Bank of Dubai (CBD), one of the leading banks in UAE and Infinios Financial Services, Bahrain-based fintech firm, have formed a strategic partnership to support the UAE’s developing fintech ecosystem.

Infinios, a licensed and regulated card processor and payment services provider that specializes in next-generation digital banking, will help CBD achieve its financial inclusion goals by enabling fintech and digital commerce businesses and pushing the adoption of embedded financial services in the UAE.

The partnership, which aligns with CBD’s focus on innovation and commitment to providing innovative digital financial services to the UAE market, will enable Infinios to expand its regionally unique banking-as-a-service solution (BaaS) to include domestic payment services in the UAE.

Infinios’ BaaS offering integrates the company’s Infinite Financial Solutions technology platform with its regulatory licenses and payment network relationships, as well as regulated financial services provided by its network of banking partners in the Middle East and North Africa (MENA), the European Union, the UK, and the US.

It provides access to comprehensive digital banking and payments technologies through easy-to-integrate APIs, that enable its customers to build feature-rich financial services experiences and then scale their products internationally.

Amit MalhotraGM-Personal Banking GroupCBD

“The collaboration with Infinios is in line with our commitment