Employees of Ahadu Bank will not need to make a visit to the federal bureaus to verify documents accessing service right from the Bank desk online. Ahadu Bank signed a deal with Federal Documents Authentication & Verification Agency to work together on customer compliance and lending system. According to Sefialem Liben, acting CEO of Ahadu, in addition to simplifying the service for clients, the Bank can prevent money and time loss by authenticating and verifying documents digitally. He said the agreement will shield the Bank from fraudulent activities which have become rampant and technology-supported. Ahadu was incorporated in July 2022 with 722 million Br capital from over 10,000 shareholders. It has partnered with companies including Ethiopia Commodities Exchange, fintech companies and microfinance institutions recently, serving more than 100,000 customers with over one billion Birr deposits. The Bank aimed towards reaching 75 branches at the end of this year.
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