London, UK / Dubai, UAE — Greengage & Co. Limited is proud to announce the signing of a Memorandum of Understanding (MoU) with Commercial Bank International (CBI), marking a major step forward in its international expansion strategy. This agreement paves the way for Greengage to become CBI’s first Banking-as-a-Service (BaaS) client, as well as establishing opportunities for collaboration around business lending.

The collaboration positions CBI as one of the first banks in the UAE to offer BaaS capabilities in the local market, enabling innovative financial institutions like Greengage to deliver embedded finance solutions with regulatory and operational support.

Sean Kiernan, CEO of Greengage, commented: “This partnership with CBI is a landmark moment for Greengage. It gives us a clear route to building our UAE presence beyond our Abu Dhabi office as setup within Hub71 this past autumn, and reflects our shared commitment to building the future of finance through collaboration, innovation, and trust.”

Giovanni Everduin, Chief Strategy & Innovation Officer at CBI, added: “We are thrilled to partner with Greengage as our first BaaS client. This collaboration underscores CBI’s commitment to pioneering financial innovation in the region and supporting the next generation of financial services providers.”

The MoU sets the stage for a phased rollout of services, with both institutions aligned on a vision of scalable, tech-enabled growth and cross-border financial innovation.

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Greengage: marketing@greengage.co

About Commercial Bank International (CBI)

Commercial Bank International (CBI) is a leading UAE bank dedicated to empowering businesses and individuals through innovative, personalised, and growth-focused banking solutions. Established in 1991 and headquartered in Dubai, CBI offers a diverse range of services, including corporate, retail, and Islamic banking solutions. Leveraging its innovative capabilities, CBI provides bespoke banking services to help clients achieve their ambitions.

CBI is listed on the Abu Dhabi Securities Exchange (ADX) and is regulated by the Central Bank of the UAE and the Securities and Commodities Authority (SCA). In recognition of its client-centric culture and dedication to driving innovation in the banking sector, CBI has received numerous awards, including CEO of the Year (Middle East Banking) and Most Innovative Bank of the Year at the Middle East Banking AI & Analytics Awards. The bank has also been honoured for outstanding innovation in technology and financial services, winning multiple Stevie Awards and the Gold Stevie Award for Innovation in Technology Development (Financial Services).

The bank is majority-owned by UAE shareholders, and its Board of Directors benefits from strong representation of UAE nationals.

For further information, please contact: Toufik Osman toufik.osman@cbi.ae

About Greengage

Greengage is a digital finance pioneer that provides a platform of relationship-based e-money account services to entrepreneurs, SMEs, family offices, and digital asset firms to the highest ethical, secure and compliance standards. Alongside e-money account services, Greengage provides clients access to a B2B lending platform offering digital sources of money. Greengage’s tailored services are delivered by people, empowered by technology.

For more information, please visit our website: https://www.greengage.co