CIBC earns top score for Canadian online banking functionality benchmark for third year in a row

Research firm recognizes that CIBC continues to lead and cites its website redesign integrating digital money management tools with everyday online banking

TORONTO, Feb. 1, 2017 /CNW/ - For the third year in a row, CIBC (TSX: CM) (NYSE: CM) has earned the highest overall score for online banking functionality among the Big Five banks in Forrester Research Inc.'s 2016 Canadian Online Banking Functionality Benchmark.

"We believe this recognition from Forrester is another indication of how CIBC is consistently creating new and innovative ways to put the client first," says Aayaz Pira, Senior Vice President, CIBC Digital, Retail and Business Banking, CIBC. "Online banking continues to be an integral part of our client's banking experience, and is part of our focus on delivering banking that fits the lives of our clients."

Forrester evaluated the online banking functionality of Canada's five largest retail banks (across 51 criteria, divided into nine sub-categories) to measure how well each bank's secure website helps clients achieve their financial goals. CIBC's highest scores were in the following subcategories:

  • Security and Privacy
  • Account Management
  • Marketing and Sales
  • eDelivery

According to Forrester, CIBC continues to lead overall for money management tools such as, the CIBC Financial HealthCheck(TM) and Net Worth Worksheet, which are integrated into the most commonly used areas of CIBC's secure site and empower clients to make better financial decisions. CIBC is one of two banks that integrates tools in this way, and Forrester recognized CIBC as being well ahead of other Canadian banks in this area.

In June 2016, CIBC also tied for the highest overall score in Forrester's mobile banking functionality benchmark.

"At CIBC, we have a history of embracing innovation and our clients are always at the forefront of new ideas and opportunities in banking," adds Mr. Pira.

About CIBC
CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Capital Markets - 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. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre/ or by following on Twitter @CIBC, Facebook (www.facebook.com/CIBC) and Instagram @CIBCNow.

SOURCE CIBC

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/01/c1635.html

For further information: Caroline Van Hasselt, Director, External Communications, 416-784-6699 or caroline.vanhasselt@cibc.com.

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