CIBC - Enterprise Tech Ecosystem Series

CIBC - Enterprise Tech Ecosystem Series

Summary

Canadian Imperial Bank of Commerce (CIBC) is a provider of personal, small business, and commercial and corporate banking solutions. Under personal banking it offers accounts, overdrafts, credit cards, loans, mortgages, investments, retirement planning, travel and creditor insurance, advisory, and other supporting solutions. Under small business banking it provides cash management, merchant services, accounts, credit, specialty services, correspondent banking, trade finance, and foreign exchange. The commercial and corporate banking segment provides business solutions, global investment banking and management, and custody services. It serves individuals, SMEs, corporates, HNW and UHNW individuals, and wealthy families. It has operations in Europe, Asia-Pacific, North America, and the Caribbean.

This report provides insight into CIBC's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.

Scope

• CIBC focuses on simplifying banking through innovative products and services offered via digital channels. This includes remote cheque deposits via mobile devices, leveraging AI for customer interactions, and adopting cloud to accelerate the delivery of new products and services.
• CIBC partnered with various institutions to establish the R3 distributed ledger technology platform. The company also collaborated with DataVault Innovations, an analytical data platform for the fixed-income and derivatives market.
• CIBC adopted a cloud-first strategy that utilizes Microsoft Azure as its central cloud platform. The bank has also partnered with and invested in several cloud-based companies to leverage their technological expertise across its core banking operations.

• Gain insight into CIBC's fintech operations.
• Discover its fintech strategies and innovation initiatives.
• Learn about its product launches, partnerships, and investments.