City Union Bank (CUB) has once again made a mark at the 19th Banking Technology Conference, Expo & Citations 2023, organized by the Indian Banks Association (IBA) in Mumbai. CUB has bagged seven prestigious awards, demonstrating its technological prowess and commitment to innovation and excellence in the banking sector. This is the second consecutive year CUB has received such recognition.
The awards categories include Best AI & ML Bank, Best Fintech & Digital Payment Index (DPI) Adoption, Best Financial Inclusion, as well as four runner-up awards. The Best Technology Bank award is a testament to CUB’s overall excellence in leveraging technology to drive banking innovation.
CUB’s CEO, Dr. N. Kamakodi, along with his dedicated technology team, received the awards from RBI Deputy Governor T. Rabi Sankar. Dr. Kamakodi’s leadership has been instrumental in steering the bank towards continuous technological advancements.
CUB’s repeated success at the IBA’s Banking Technology Awards is part of a broader history of recognition. The bank has consistently been acknowledged for its technological initiatives, having won seven awards at the previous year’s edition as well.
The awards recognize CUB’s efforts in areas such as Artificial Intelligence and Machine Learning, fintech solutions, digital payment systems, financial inclusion, and talent retention. They also highlight the bank’s dedication to embracing technological advancements to enhance customer experience, improve operational efficiency, and promote financial inclusion.
As the banking landscape continues to evolve, CUB’s proactive approach ensures it remains a leader in delivering innovative banking solutions. The bank’s commitment to technology has earned it recognition from reputed organizations, solidifying its position as a frontrunner in the banking industry.