Business Banking Clients can now open accounts entirely online 

Owner of Furious Karting in Barbados, Jeremiah Cadogan proudly displaying his new Business Banking Account opened entirely on his mobile phone

Bridgetown, Barbados, February 12, 2026 – Things just go a whole lot easier and faster for small business owners and operators to open a bank account.   

Regional bank CIBC Caribbean recently launched its new Business Banking Digital Client Onboarding (DCO) feature, a modern, mobilefirst solution that allows small entrepreneurs to open business banking accounts entirely online. 

The new platform is a significant step forward in the bank’s digital transformation agenda and reinforces its commitment to supporting the growth of small and microbusinesses across the region.

The feature is currently available in Antigua and Barbuda, Barbados, Jamaica, St Kitts and Nevis, and St Lucia, and will be released in the other five territories where the bank has a presence in the coming months.

“The new system is designed to remove traditional barriers to opening a business account, providing entrepreneurs with a faster, simpler, and more transparent onboarding experience, replacing paperheavy requirements with streamlined digital interactions. Entrepreneurs can upload required documents, verify details, and complete their business profile from any device, at their own pace,” said Deepa Boucaud, Executive Director, Personal and Business Banking, CIBC Caribbean.

She added that one of the “standout innovations is the dynamic financial activity capture, which allows new or earlystage businesses to provide estimated income and expense information digitally eliminating the need for formal financial statements for lowrisk sole proprietors. The system also guides users through jurisdictionspecific documentation, reducing confusion and ensuring compliance across multiple markets”.

Boucaud said that for the bank, the enhanced onboarding framework delivers stronger compliance controls, improved data quality, and reduced processing times, enabling teams to serve clients more efficiently while maintaining robust Anti-Money Laundering and risk standards. 

“The platform also establishes a scalable foundation for future enhancements, including multiowner business onboarding, partnerships, merchant onboarding, and expanded product offerings,” she said.

With this release, CIBC Caribbean continues to advance its goal of providing clients with convenient, secure, and usercentred digital experiences empowering entrepreneurs and supporting economic growth across the region.

Caption: Owner of Furious Karting in Barbados, Jeremiah Cadogan proudly displaying his new Business Banking Account opened entirely on his mobile phone. 

Ends 

CIBC Caribbean 

CIBC Caribbean is a relationship bank offering a full range of market leading financial services through our Corporate Banking, Personal and Business Banking and Private Wealth segments. We are located in ten (10) countries around the Caribbean, providing banking services through approximately 2,700 employees in 41 branches and offices. We are one of the largest regionally listed financial services institutions in the English-speaking Caribbean, with US$13 billion in assets and market capitalization of US$1.7 billion. We also have a representative office in Hong Kong that provides business development and relationship management for our fund administration. The face of banking is changing throughout the world, and CIBC Caribbean intends to lead these changes with the expertise, integrity and knowledge gained from banking in the Caribbean since 1836.

Ongoing news releases and more information about CIBC Caribbean can be found at https://www.cibccaribbean.com/about-us/media-centre

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, 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.

For more information about CIBC Caribbean, visit www.cibccaribbean.com , Facebook, X , LinkedIn, Instagram or YouTube.