Recognized by Global Finance Magazine for client service and
innovation
TORONTO, March 13, 2017 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) announced today that Global Finance Magazine named CIBC
as the Best Treasury and Cash Management Bank in Canada, emphasizing the bank's focus on client
service and innovation.
"We are honoured to be awarded Canada's Best Treasury and Cash Management
Bank," says Phil Griffiths, Senior
Vice President, Global Transaction Banking, CIBC. "This recognition
underscores the commitment we've made to deliver flexible,
innovative solutions to our clients. We have made a number of
investments in our cash management solutions to meet the needs of
our clients and help them grow their business."
"The demand is high for real-time and mobile cash management
solutions," says Mr. Griffiths. "With the rapid increase in the use
of digital technology to manage cash flow more efficiently, our
clients are looking for solutions to meet their evolving payment
needs."
CIBC has introduced several first-to-market innovations for its
business clients over the last few years, including:
- CIBC eDeposit offers the ability to deposit cheques without
ever leaving the office.
- eDeposit for Cash is a partnership with Brink's Canada that requires a smart safe and uses a
secure connection to CIBC to credit clients for cash on hand, even
before it has reached the bank for deposit.
- CIBC Mobile Business App allows clients to perform a range of
cash management functions, including payment approvals, using their
mobile device.
- Payfirma Merchant Services gives clients the ability to accept
debit and credit card payments across multiple channels including
mobile, in-store and online.
A recognized leader in innovation, CIBC is developing
leading-edge technologies both in-house and through strategic
partnerships with fintechs and international banks to make banking
easier and more convenient for clients. Last year, CIBC formed a
strategic alliance with National Australia Bank (NAB) and
Israel's Bank Leumi to collaborate
and share aspects of their proprietary innovation strategies to
enhance their respective client experiences. In the lead up to the
partnership agreement, CIBC and NAB successfully tested a
cross-border blockchain transfer, aimed at making cross-border
payments faster and more cost effective.
This is the second time that Global Finance has recognized CIBC
in this category.
More information about the winners is available at GFMag.com
About CIBC
CIBC is a leading Canadian-based global financial institution
with 11 million personal banking and business clients. Through our
three major business units - Retail and Business Banking, Wealth
Management and Capital Markets - CIBC offers a full range of
products and services through its comprehensive electronic banking
network, branches and offices across Canada with offices
in the United States and around the world. Ongoing news
releases and more information about CIBC can be found
at www.cibc.com/ca/media-centre/ or by following on
Twitter @CIBC, Facebook (www.facebook.com/CIBC) and
Instagram @CIBCNow.
SOURCE Canadian Imperial Bank of Commerce