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

ZeroBeta and Lynq Integrate Tokenized Treasury Holdings for Enhanced Institutional Finance

ZeroBeta and Lynq have announced a new integration that connects tokenized Treasury holdings to institutional borrowing and trading, allowing eligible assets to be pledged as collateral while accruing interest.

user avatarEmily Carter

Spiko Announces $238 Billion in Tokenized Investment Fund

Spiko has reported a remarkable $238 billion in its Amundi Overnight Swap Fund (SAFO), emphasizing the rising significance of tokenized investment products in business cash management.

user avatarTomas Novak

Kraken Launches New Funding Route for USDG on Arbitrum One

Kraken has launched a new funding route for Global Dollar (USDG) on Arbitrum One, enhancing the ease of transactions between the exchange and blockchain wallets.

user avatarKaterina Papadopoulou

SAT Japan Introduces Stablecoin Payment Option for Vehicle Exports

SAT Japan has launched a stablecoin payment route through TripleA, enabling cross-border car purchases using USDT and USDC.

user avatarMaya Lundqvist

Ripple and Water.org Enhance Partnership for Efficient Water Financing

Ripple and Water.org are expanding their partnership to leverage payment and stablecoin infrastructure aimed at improving water and sanitation financing.

user avatarLeo van der Veen

Taurus Expands Stellar Integration for Institutional Clients

Taurus has enhanced its Stellar integration to support smart contract-based assets for institutional clients.

user avatarLi Weicheng

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.