Tag: Banking Technology
-
CBE Fayda Online Linking: Streamlining National ID Access
Overview: CBE Expands Digital Identity Verification The Commercial Bank of Ethiopia (CBE) has rolled out an online platform that lets customers link their bank accounts to the national digital identity system, Fayda. This move is designed to simplify identity verification, accelerate service delivery, and lessen the need for in-branch visits. By interfacing its core banking…
-
RBI CCS: Continuous Check Clearing in Hours for Banks
What is RBI CCS? The Reserve Bank of India (RBI) has introduced the Continuous Check Clearing System (CCS) to reinvent how cheques are processed. Historically, cheque clearances could stretch over days; with the new CCS, cheques submitted within the designated banking hours begin a continuous processing cycle, aiming to credit the recipient’s cash account within…