TORONTO, Nov. 6, 2017 /PRNewswire/ - CIBC (TSX: CM)
(NYSE: CM) announced today the introduction of Remi, its first
digital assistant designed to help clients send no-fee Global Money
Transfers (GMT). Remi offers clients and people using Facebook
Messenger the ability to check foreign exchange rates, keep track
of exchange rate fluctuations with recurring alerts, and get
answers to product questions.
Remi is capable of alerting clients to an exchange rate they set
themselves, with an automatic option for sending a money transfer
at that time. This means Remi will notify clients using Messenger,
on mobile or online, when the exchange rate has reached the
selected status, and immediately offer to send a global remittance,
elevating the client experience by making international money
transfers faster and more accessible.
"We are excited about the way Remi is making it easier to manage
sending money abroad," says Vineet
Malhotra, MD and Head of Alternate Solutions Group &
Retail Solutions Group, CIBC. "You'll always know exactly how much
money you're sending and the exchange rate you'll receive, all
without upfront fees. By enhancing existing technologies and
building new digital solutions, we continue to deliver modern
convenient banking for our clients, how and when they want."
CIBC Global Money Transfer launched in October 2015 allowing CIBC clients to send money
to over 50 countries around the world with no fees. Recently added
to the roster are Mexico,
South Korea, Bangladesh, United
Arab Emirates and Singapore.
CIBC Capital Markets developed Remi in collaboration with CIBC
Live Labs, the bank's technology incubator. Remi will be available
in French and English at first, with new languages to be released
in the coming months.
About CIBC
CIBC is a leading Canadian-based
global financial institution with 11 million personal banking,
business, public sector and institutional clients. Across Personal
and Small Business Banking, Commercial Banking and Wealth
Management, and Capital Markets businesses, CIBC offers a full
range of advice, solutions and services through its leading digital
banking network, and locations across Canada, 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 LinkedIn (www.linkedin.com/company/cibc), Twitter @CIBC, Facebook (www.facebook.com/CIBC)
and Instagram @CIBCNow.
SOURCE CIBC