Accenture Invests in EMTECH to Modernize Central Bank Operations
Accenture (NYSE: ACN) has invested in EMTECH, a global fintech company providing SaaS platforms to help central banks modernize their operations. This investment, made through Accenture Ventures, aims to support EMTECH in transforming central banks' financial and technology infrastructure, facilitating easier regulation and supervision of fintechs in the digital economy.
Accenture will integrate EMTECH's products for digital cash, regulatory sandboxes, and compliance into its core banking transformation services. This move comes as the fintech sector grows, regulations become more complex, and central banks seek to update payment systems and explore central bank digital currencies (CBDCs).
The collaboration reflects Accenture's commitment to supporting underrepresented entrepreneurs and EMTECH will join Accenture Ventures' Project Spotlight program.
Accenture (NYSE: ACN) ha investito in EMTECH, una società fintech globale che fornisce piattaforme SaaS per aiutare le banche centrali a modernizzare le loro operazioni. Questo investimento, effettuato attraverso Accenture Ventures, mira a sostenere EMTECH nella trasformazione dell'infrastruttura finanziaria e tecnologica delle banche centrali, facilitando una regolamentazione e supervisione più semplici delle fintech nell'economia digitale.
Accenture integrerà i prodotti di EMTECH per la moneta digitale, i sandbox normativi e la conformità nei suoi servizi di trasformazione bancaria core. Questa mossa arriva mentre il settore fintech cresce, le normative diventano più complesse e le banche centrali cercano di aggiornare i sistemi di pagamento ed esplorare le valute digitali delle banche centrali (CBDC).
La collaborazione riflette l'impegno di Accenture nel sostenere imprenditori sottorappresentati e EMTECH aderirà al programma Project Spotlight di Accenture Ventures.
Accenture (NYSE: ACN) ha invertido en EMTECH, una compañía fintech global que proporciona plataformas SaaS para ayudar a los bancos centrales a modernizar sus operaciones. Esta inversión, realizada a través de Accenture Ventures, tiene como objetivo apoyar a EMTECH en la transformación de la infraestructura financiera y tecnológica de los bancos centrales, facilitando una regulación y supervisión más sencillas de las fintechs en la economía digital.
Accenture integrará los productos de EMTECH para efectivo digital, sandbox regulatorios y cumplimiento en sus servicios de transformación bancaria principal. Este movimiento se produce a medida que el sector fintech crece, las regulaciones se vuelven más complejas y los bancos centrales buscan actualizar los sistemas de pago y explorar las monedas digitales de banco central (CBDC).
La colaboración refleja el compromiso de Accenture de apoyar a emprendedores subrepresentados y EMTECH se unirá al programa Project Spotlight de Accenture Ventures.
엑센츄어 (NYSE: ACN)는 EMTECH에 투자했습니다, 중앙 은행들이 운영 방식을 현대화하는 데 도움을 주는 SaaS 플랫폼을 제공하는 글로벌 핀테크 회사입니다. 이 투자는 Accenture Ventures를 통해 이루어졌으며, EMTECH가 중앙 은행의 금융 및 기술 인프라를 변화시키고 디지털 경제에서 핀테크의 규제 및 감독을 용이하게 하는 것을 지원하는 것을 목표로 하고 있습니다.
엑센츄어는 EMTECH의 디지털 현금, 규제 샌드박스 및 컴플라이언스 제품을 통합할 것입니다. 이는 핀테크 산업이 성장하고, 규제가 더욱 복잡해지며, 중앙 은행들이 지불 시스템을 업데이트하고 중앙은행 디지털 화폐(CBDC)를 탐색하려는 노력의 일환입니다.
이 협력은 엑센츄어의 저소득층 기업가 지원에 대한 의지를 반영하며, EMTECH는 Accenture Ventures의 Project Spotlight 프로그램에 참여할 것입니다.
Accenture (NYSE: ACN) a investi dans EMTECH, une société fintech mondiale fournissant des plateformes SaaS pour aider les banques centrales à moderniser leurs opérations. Cet investissement, réalisé par le biais d'Accenture Ventures, vise à soutenir EMTECH dans la transformation de l'infrastructure financière et technologique des banques centrales, facilitant ainsi la régulation et la supervision des fintechs dans l'économie numérique.
Accenture intégrera les produits d'EMTECH pour la monnaie numérique, les bacs à sable réglementaires et la conformité dans ses services de transformation bancaire de base. Ce mouvement intervient alors que le secteur fintech se développe, que les réglementations deviennent plus complexes et que les banques centrales cherchent à mettre à jour les systèmes de paiement et à explorer les monnaies numériques des banques centrales (CBDC).
Cette collaboration reflète l'engagement d'Accenture à soutenir les entrepreneurs sous-représentés et EMTECH rejoindra le programme Project Spotlight d'Accenture Ventures.
Accenture (NYSE: ACN) hat in EMTECH investiert, ein globales Fintech-Unternehmen, das SaaS-Plattformen bereitstellt, um Zentralbanken bei der Modernisierung ihrer Abläufe zu helfen. Diese Investition, die über Accenture Ventures getätigt wurde, zielt darauf ab, EMTECH dabei zu unterstützen, die finanzielle und technologische Infrastruktur der Zentralbanken zu transformieren, um die Regulierung und Aufsicht von Fintechs in der digitalen Wirtschaft zu erleichtern.
Accenture wird die Produkte von EMTECH für digitale Währung, regulatorische Sandboxes und Compliance in seine zentralen Banktransformationdienstleistungen integrieren. Dieser Schritt erfolgt inmitten des Wachstums des Fintech-Sektors, während die Vorschriften komplexer werden und die Zentralbanken versuchen, ihre Zahlungssysteme zu aktualisieren und digitale Zentralbankwährungen (CBDCs) zu erkunden.
Die Zusammenarbeit spiegelt das Engagement von Accenture wider, unterrepräsentierte Unternehmer zu unterstützen, und EMTECH wird dem Project Spotlight-Programm von Accenture Ventures beitreten.
- Strategic investment in EMTECH to enhance Accenture's central banking services
- Integration of EMTECH's products into Accenture's core banking transformation services
- Potential for new business opportunities in central bank modernization and CBDC development
- Expansion of Accenture's capabilities in fintech regulation and supervision
- Addition of EMTECH to Accenture Ventures' Project Spotlight program
- None.
Insights
Accenture's investment in EMTECH signals a significant shift in the modernization of central bank operations. This partnership aims to address critical challenges in the financial sector, including regulatory compliance, payment acceleration and financial inclusion. The integration of EMTECH's products into Accenture's core banking transformation services could potentially streamline the adoption of digital currencies and regulatory sandboxes.
This move is particularly timely given the increasing complexity of the regulatory landscape and the growing interest in Central Bank Digital Currencies (CBDCs). By focusing on modernizing payment systems and enhancing supervisory capabilities, Accenture is positioning itself at the forefront of the digital transformation in central banking. This could lead to improved efficiency in financial operations and potentially faster implementation of innovative financial technologies.
The collaboration between Accenture and EMTECH represents a strategic move in the evolving landscape of central banking. As the number of fintechs continues to grow, central banks face increasing pressure to adapt their regulatory frameworks and operational systems. This investment addresses the critical need for modernization in central bank infrastructure, which could potentially accelerate the development and adoption of CBDCs.
Moreover, the focus on regulatory sandboxes and compliance tools indicates a proactive approach to managing the risks associated with financial innovation. By enhancing supervisory capabilities, this partnership could contribute to a more stable and secure financial ecosystem. However, the success of this venture will largely depend on the willingness of central banks to embrace these new technologies and the ability of Accenture and EMTECH to deliver tangible improvements in operational efficiency and regulatory oversight.
Accenture's investment in EMTECH, a company led by underrepresented entrepreneurs, is a noteworthy step towards promoting diversity in the fintech sector. This move aligns with the growing recognition of the need for more inclusive representation in technology and finance. By providing funding, mentorship and access to its vast network, Accenture is not only supporting EMTECH but also setting an example for industry-wide initiatives to support diverse founders.
The inclusion of EMTECH in Accenture's Project Spotlight program further demonstrates a commitment to nurturing diverse talent and innovations. This approach could lead to more diverse perspectives in solving complex financial challenges, potentially resulting in more inclusive and comprehensive solutions. However, the true impact of this investment on diversity in tech will depend on the long-term success of EMTECH and Accenture's continued support for underrepresented entrepreneurs in the fintech space.
Accenture announced that it has invested in EMTECH, a global financial technology company that provides software-as-a-service platforms to help central banks streamline, connect and modernize their processes and operations. (Graphic: Business Wire)
Like Accenture, EMTECH works with financial institutions to solve pressing challenges, such as testing new banking applications, meeting regulatory criteria, accelerating payments and settlement times, and driving financial inclusion for the unbanked and other parts of society that have been excluded. Accenture will integrate EMTECH products for digital cash, regulatory sandboxes, and compliance into the company’s core banking transformation services.
The investment in EMTECH comes as the number of fintechs steadily increases, the regulatory landscape becomes more complex, and many central banks look to update their payments systems to facilitate faster payments and explore developing a central bank digital currency (CBDC).
“With constant innovation and digital disruption across financial services, the need for central banks to reinvent how they operate to stay ahead of the industry has never been greater,” said Oliver Reppel, a managing director in Accenture’s Banking practice. "Our investment in EMTECH will enable Accenture to help central banks modernize their payments systems, enhance their supervisory capabilities and develop the critical infrastructure needed for tokenization and central bank digital currency.”
“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,” said Carmelle Cadet, co-founder and CEO of EMTECH. “Successful digital transformation at this scale is a major undertaking that requires cutting-edge technology and industry expertise. That’s why we’re delighted to have Accenture not only investing in our mission but also ready to unlock opportunities with banks across the globe.”
This investment reflects Accenture’s ongoing commitment to providing historically underrepresented entrepreneurs with funding, mentorship, and connections to Accenture clients and ecosystem partners. This support will help drive new advancement and economic opportunities for underrepresented business owners and leaders.
“Underrepresented founders and entrepreneurs are making important strides in technology innovation but often face challenges with access to capital, connections and resources,” said Dujon Smith, global lead for Accenture’s development program focused on underrepresented founders. “We are proud to invest in EMTECH and help usher in further change and support through mentoring, community engagement and business growth opportunities.”
EMTECH will also join Accenture Ventures’ Project Spotlight, an engagement and investment program for startup companies that create or apply disruptive enterprise technologies. Project Spotlight offers extensive access to Accenture’s domain expertise and its enterprise clients, helping startups harness creativity and deliver on the promise of their technology.
Terms of the investment were not disclosed.
About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth, and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise, and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners, and communities. Visit us at www.accenture.com.
About EMTECH
EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. EMTECH’s platforms power regulatory data exchange, compliance, supervision, currency issuance and currency movement in financial markets. The company is founded and led by a former IBM Blockchain Executive, Carmelle Cadet.
For more information visit the EMTECH website.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240910955958/en/
Michael McGinn
Accenture
+1 312 693 5707
m.mcginn@accenture.com
Julie Bennink
Accenture
+1 312 693 7301
julie.l.bennink@accenture.com
Mary Hall
EMTECH
+1 310 503 9851
mary@emtech.com
Source: Accenture
FAQ
What is the purpose of Accenture's investment in EMTECH?
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How does Accenture's investment in EMTECH relate to central bank digital currencies (CBDCs)?
