Commercial Bank Launches Enhanced Digital Corporate Account Opening Platform
As the first bank in the local market to introduce digital account opening, Commercial Bank continues to strengthen its leadership in banking innovation with the launch of its enhanced digital corporate account opening platform.
The newly upgraded platform delivers a fully digital onboarding experience designed to combine speed, security, and operational efficiency, significantly simplifying procedures and accelerating the account opening journey. The initiative enables businesses to begin their banking relationships seamlessly, supporting faster operational readiness.
Developed with a strong focus on user experience, the platform introduces advanced functionalities that establish new benchmarks for paperless and efficient digital banking services. It caters to all segments of the business community — from startups and small and medium-sized enterprises to large corporations — offering a unified and innovative approach to corporate account opening that prioritizes simplicity, reliability, and convenience.
The platform leverages Optical Character Recognition (OCR) technology, allowing automatic and highly accurate extraction of data from submitted documents. This capability reduces processing time and enhances efficiency, while customers receive their International Bank Account Number (IBAN) instantly upon application submission, enabling businesses to commence operations without delay. In addition, real-time application tracking ensures full transparency throughout the onboarding journey.
Commenting on the launch, Fahad Abdulrahman Badar, Executive General Manager, Head of Wholesale and International Banking at Commercial Bank, stated:
“At Commercial Bank, we are committed to shaping the future of digital banking in Qatar by delivering exceptional customer experiences. Our enhanced platform transforms corporate account opening into a fast and seamless journey, setting a new benchmark for banking excellence and reinforcing our role as the partner of choice for the business sector. These innovations reflect our vision to provide advanced solutions that support entrepreneurship and drive business growth.”