CODE81, a prominent regional technology innovator, has signed a strategic Memorandum of Understanding (MoU) with the Commercial Bank of Dubai (CBD). This partnership aims to enhance CBD’s data and analytics capabilities, enabling smarter decision-making and propelling the bank’s digital transformation journey.

The collaboration addresses a significant challenge faced by large financial institutions: effectively managing and utilizing complex data assets. Under the terms of the MoU, CODE81 will assist CBD in overcoming data silos, improving data governance frameworks, and implementing scalable, AI-powered analytics infrastructure that aligns with CBD’s business goals. These initiatives are expected to foster more agile, insight-driven operations that yield measurable business outcomes.

Dr. Bernd Van Linder, Chief Executive Officer of CBD, emphasized the bank’s commitment to innovation, stating, “At CBD, we believe technology must ultimately serve and benefit the customer and our latest partnership agreements reflect our ongoing commitment to enable meaningful innovation in banking.” He noted the bank’s pride in its growth alongside the UAE over the last 50 years, underscoring the importance of partnerships that support digital transformation in line with the UAE’s vision for a competitive economy.

Nader Paslar, General Manager of CODE81, remarked that the partnership is a testament to their dedication to enhancing decision-making through improved data and analytics. He stated, “By combining our deep technology expertise with CBD’s forward-looking vision, we’re laying the foundation for agile, data-driven banking that delivers real impact for customers and supports the UAE’s ambitions for a digitally advanced economy.”

This strategic collaboration closely aligns with the goals of both organizations to leverage emerging technologies, particularly artificial intelligence, to create competitive advantages and enhance efficiency within the financial sector. The partnership represents a significant advancement in fostering data-driven decision-making capabilities at CBD, reinforcing its status as a forward-thinking, customer-centric bank in the region.