Tag: Banking Innovation
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Awash Bank’s Mesmer Digital Lending: A New Era for SME Financing in Ethiopia
Awash Bank Expands SME Financing with Mesmer Digital Lending Awash Bank has unveiled a new digital lending service designed to broaden access to finance for small and medium enterprises (SMEs) across Ethiopia. The Mesmer Digital Lending platform marks a significant shift toward streamlined, technology-driven lending that aims to reduce the traditional bottlenecks associated with SME…
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Wealthsimple Raises $750 Million at a $10 Billion Valuation to Accelerate Growth
Wealthsimple Announces $750 Million Equity Round at $10 Billion Valuation Wealthsimple, Canada’s leading financial innovator, has announced an equity round of up to CAD 750 million at a post-money valuation of CAD 10 billion. The round includes a CAD 550 million primary offering and a secondary offering of up to CAD 200 million. Co-led by…
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RBI CCS: A Banking Revolution with Real-Time Check Clearing
RBI CCS: A Banking Revolution with Real-Time Check Clearing India’s banking sector is witnessing a transformative leap with the introduction of the Continuous Check Clearing System (CCS) by the Reserve Bank of India (RBI). While widespread digital banking has already brought near-instant transfers and seamless online services, traditional paper checks have lagged behind. CCS bridges…