CIBC Recognized for Leadership in Online Banking by Global Finance Magazine

TORONTO, Aug. 19, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is being recognized by Global Finance Magazine as "Best Consumer Internet Bank - Canada" and "Best Integrated Consumer Bank Site - North America".

The recognition from Global Finance is based on criteria including strength of strategy for attracting and servicing clients, success in driving usage of online banking, and overall functionality.

"Delivering a great client experience online or through mobile devices is essential to a client's relationship with their bank, and we are proud to be recognized for leading in these important areas," said Aayaz Pira, Vice President, Digital Channels, CIBC. "Our clients want the flexibility to bank when, where, and how they want, which is why we continue to innovate in areas such online and mobile banking."

In recent months, CIBC has been recognized with numerous awards for excellence in the client experience. In addition to today's announcement, CIBC was recently recognized by Forrester for the best mobile banking offer among the Big 5 banks in Canada, and by Pegasystems Inc. for use of their technology in the development of a new sales and product origination platform.

CIBC's clients have been the first in Canada to benefit from a number of innovations in retail banking in recent years. CIBC launched the first  mobile banking app in Canada in 2010, a first of its kind mobile payments app in 2012, and most recently was first among the big 5 to allow clients to deposit cheques using their smartphone.

Winners were chosen among only the submissions from participating Canadian and North American banks, and evaluated by a world-class panel of judges at Infosys, a global leader in consulting, technology and outsourcing. More information is available at gfmag.com

About CIBC

CIBC is a leading Canadian-based global financial institution with nearly 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Wholesale Banking - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.

SOURCE: CIBC