CUB wins seven IBA banking technology awards for the second year in a row

City Union Bank won seven awards in the recently concluded ‘20th Annual Technology Conference, Expo, & Citations 2024’ held in Mumbai on 24th January 2025. CUB received awards in all seven categories from IBA for the second year in a row. The IBA awards endeavour to reward some of the finest 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 adding value when serving clientele.

Deputy Governor of Reserve Bank of India (RBI) T
Rabi Sankar handed over the awards to Vijay Anandh, Executive Director of City Union Bank, in the presence of his technical team.



Speaking on the occasion, Vijay Anandh said,” We are thrilled to receive awards in all the seven 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 eight 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 in 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 the 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 offers 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 and business banking customers.



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