Accenture invests in Emtech to strengthen CBDC, fintech solutions

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. About Emtech
  2. Services for central banks and fintechs
  3. Collaboration with Accenture


    4. Accenture announced its investment in fintech startup Emtech, which provides software-as-a-service to central banks and fintech companies. Emtech was founded in 2019 by former IBM Blockchain executive Carmelle Cadet and already collaborates with several central banks.

    About Emtech

    Emtech was founded in 2019 by Carmelle Cadet, a former executive at IBM Blockchain. Emtech's clients include seven central banks, such as those of Ghana, Nigeria, the Republic of Guinea, Liberia, Sierra Leone, The Gambia, and the Bahamas. The company also created a central bank digital currency (CBDC) proof-of-concept for the Bank of the Republic of Haiti.

    Services for central banks and fintechs

    In addition to CBDC infrastructure, Emtech offers a regulatory sandbox feature and is developing a compliance feature for financial service providers. Emtech states that it has over 200 fintech clients. Carmelle Cadet stated: 'This investment and collaboration are the result of a shared vision to guide banks in modernizing their infrastructure and processes for the era of tokenization. Successful digital transformation at this scale requires cutting-edge technology and industry expertise.'

    This investment and collaboration are the result of a shared vision to guide banks in modernizing their infrastructure and processes for the era of tokenization. Successful digital transformation at this scale requires cutting-edge technology and industry expertise.Carmelle Cadet

    Collaboration with Accenture

    The terms of the Accenture investment were not disclosed. Emtech will also join the Accenture Venture Project Spotlight accelerator. In August 2023, Emtech received $4 million in seed investment, following a $6 million pre-seed investment in 2022. Emtech uses a unified ledger model for its CBDC services. In 2021, it partnered with Hedera Hashgraph to offer its Hedera Token Service and Hedera Consensus Services. In July 2023, it introduced its CBDC Innovation Kit simulator, featuring pre-built application programming interfaces.

    Through collaboration with Emtech and other key partners, Accenture continues to actively develop the central bank digital currency domain. This partnership is a step forward for both companies in their quest to modernize financial infrastructure and adapt to ongoing changes in the financial sector.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

Clichmont's Infrastructure Plan: Control Through GPUs.

chest

Clichmont emphasizes the importance of energy and infrastructure in AI compute, stating that owning data centers is more strategic than renting GPUs.

user avatarArif Mukhtar

Clichmont's Unique Approach to AI Infrastructure

chest

Clichmont CEO Alexis Cathalifaud discusses the company's strategy of owning data centers rather than renting GPU capacity.

user avatarMaria Gutierrez

MEXC Launches Campaigns to Enhance Trading Experience

chest

MEXC launched three flagship campaigns in August 2026 to enhance trading participation, attracting over 174,000 registrations with a total prize pool of 1 million USDT.

user avatarDavid Robinson

MEXC Reports Significant Growth in Trading Activity for August 2026

chest

MEXC has reported a significant increase in trading activity for August 2026, with a 21% rise in users trading new tokens and a 13% increase in TradFi Spot trading volume.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.