Capital International Bank Proudly Sponsors the Innovation Challenge, Showcasing Its Commitment to Digital Excellence

Capital International Bank (CIB) is proud to announce its sponsorship of this year’s Innovation Challenge, a dynamic platform that celebrates creativity, forward-thinking, and technological advancement. As a bank that places innovation at the heart of its strategy, CIB’s involvement in the challenge is a natural extension of its mission to empower progress through smart, secure, and user-centric financial solutions.

Driving innovation from within

CIB’s sponsorship comes at a time when the bank is making significant strides in digital transformation. The recent soft launch of its mobile banking application marks a major milestone in enhancing client experience and operational efficiency.

The mobile app, currently in its final testing phase, has already garnered enthusiastic feedback from early users. With over 50 participants in the soft launch since April, the app has received a strong rating of 4 out of 5, with 8 out of 10 users reporting that it has streamlined their payment authorisation process.

Key features of the app include:

• Biometric Login: Secure access using fingerprint or facial recognition.
• Unified Account View: A consolidated view of all accounts and balances.
• Payment Authorisations: Fast and secure payment approvals.
• Transaction History: Easy access to past transactions.
• Real-Time Notifications: Alerts for pending authorisations.
• Customisable Home Page: Pin favourite accounts for quick access.

User feedback has been overwhelmingly positive, with comments such as:

“The product itself is very useful and I'm sure will be appreciated by many.”

“I actually prefer approving payments on the app. The app is very user friendly.”

The full release of the mobile app is expected in Q3, when it will be available to all CIB VELTA users via Google Play and Apple App Stores.

Introducing Bulk Payments: Efficiency at Scale

In addition to the mobile app, CIB has also launched its Bulk Payments feature at the end of May. This powerful tool allows clients to process up to 100 payments in a single batch, significantly improving efficiency for businesses. Currently available in GBP for Faster Payments and BACS, this feature underscores CIB’s commitment to delivering practical, high-impact solutions for its clients.

A Shared Vision for the Future

By sponsoring the Innovation Challenge, Capital International Bank is not only supporting the next generation of innovators but also reinforcing its own dedication to continuous improvement and technological leadership. Whether through cutting-edge digital tools or strategic partnerships, CIB remains focused on shaping a smarter, more connected financial future.

If you would like to find out more about Capital International Bank’s mobile app, feel free to reach out on CIB-BD@capital-iom.com  

Capital International Bank Limited is a wholly owned subsidiary of Capital International Group Limited (www.capital-iom.com) a privately owned financial services group based in the Isle of Man. Capital International Bank Limited is licensed by the Isle of Man Financial Services Authority and operates as a non-retail, restricted deposit taker under a Class 1 (2) licence. Deposits are not covered by the Isle of Man Depositors’ Compensation Scheme and terms and conditions apply. Capital International Bank and Capital International are trading names of Capital International Bank Limited. Capital International Bank Limited is also licensed by the South African Reserve Bank Prudential Authority to conduct the business of a Representative Office in South Africa.