Accenture invests in EMTECH: support for central banks

Accenture invests in EMTECH, a specialist in central bank platforms. The partnership aims to modernize financial processes, supporting fintech regulation and innovation. This investment addresses challenges in banking, accelerating digital transformation with products like CBDCs and regulatory sandboxes. Accenture also supports minority entrepreneurs, fostering growth and connections.

10 September 2024 | 16:06

Accenture invests in EMTECH, specializing in platforms for central banks
Accenture (NYSE: ACN) recently announced its investment in EMTECH, a company specializing in providing software-as-a-service platforms for central banks. This strategic decision aims to help financial institutions streamline, connect, and modernize their processes and operations.

Supporting the transformation of financial and technological infrastructure

Accenture’s investment will support EMTECH in transforming the financial and technological infrastructure of central banks. The partnership will also facilitate the regulation and supervision of fintech companies in an increasingly digital economy.

Solutions for financial institutions

EMTECH and Accenture are jointly helping financial institutions address various challenges. These include testing new banking applications, meeting regulatory criteria, accelerating settlement times, and enhancing financial inclusion.

Integration of EMTECH products by Accenture

Accenture intends to integrate EMTECH products related to digital money, regulatory sandboxes, and compliance with services for transforming core banking. This collaboration aims to provide even more effective support to clients in their digital transformation.

Context of the investment

The investment in EMTECH takes place in the context of the growing number of fintech companies, regulatory complexity, and the efforts of central banks to update payment systems and develop central bank digital currencies (CBDCs).

Support for minority entrepreneurs

Accenture actively supports minority entrepreneurs in terms of financing, mentoring, and by creating connections with Accenture clients and ecosystem partners.

EMTECH in Accenture Ventures’ Program – Project Spotlight

EMTECH will also join Accenture Ventures’ engagement and investment program called Project Spotlight. This initiative aims to support startups in accessing Accenture’s expertise and new clients.