Chennai, 25th January 2025: City Union Bank wins seven awards in the recently concluded ‘20th annual Technology Conference, Expo, & Citations 2024’ held at Mumbai on 24th January 2025. CUB is getting awards in all the seven categories from IBA for the second year in row. The IBA awards are aimed at rewarding Best Technology Providers in the Banking Industry, encouraging competition in the Banking Industry to demonstrate their state-of-the-art innovative products, sense of purpose and bringing huge value addition in Best Practices for serving clientele.
Deputy Governor of Reserve Bank of India (RBI) Shri. T. Rabi Sankar handed over the awards to Shri Vijay Anandh, Executive Director of City Union Bank in the presence of his technical team.
Speaking on the occasion, Shri Vijay Anandh said,” We are thrilled to receive awards in all the 7 categories from IBA year after year. These awards are given by IBA in recognition of our Technology adoption. We are continuously launching new IT enabled products for the usage by our customers. We launched 8 new Digital products for our customers in the Global Fintech Fest 2024 held in August 2024. We will continue to innovate new IT solutions for the benefit of our customers and work in unison to get awards from IBA in all categories in the coming years also”.
City Union Bank has won the awards in the following categories:
Best Digital sales, Payments & Engagement
Best IT risk management Best Fintech & Digital Payment Index (DPI) adoption
Best Financial Inclusion
CUB has been awarded Runner-up for the categories as mentioned here below:
Best AI & ML Adoption.
CUB has been awarded the Special Award for:
Best Technology Talent & Organisation.
Best Technology Bank
About City Union Bank:
City Union Bank Ltd., the oldest Private Sector Bank in India, was founded in 1904 and is headquartered at Kumbakonam, Tamil Nadu, India. The Bank has completed 120 years of Service to the nation. The Bank has 827 branches and ~1697 ATMs spread across the country.
CUB has always been a pioneer in providing advanced technology solutions to meet various transactional needs of customers. Tap, pay & go payments through Key chain and fitness watch, voice based authentication for logging into Mobile banking, Multi lingual Voice Chatbot in regional languages, Voice based UPI123 pay, End to End digital loan processing and Nap ID fraud filter layer are the latest innovations in this direction.
City Union Bank is offering technology based solutions and IT infrastructure including ATMs, Cash Deposit Machines, Net Banking, Mobile Banking, e-wallet, Social Media Banking, QR codes etc. to personal as well as business banking customers.
