Market Cap: $2.6642T 1.220%
Volume(24h): $101.273B -21.990%
  • Market Cap: $2.6642T 1.220%
  • Volume(24h): $101.273B -21.990%
  • Fear & Greed Index:
  • Market Cap: $2.6642T 1.220%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82951.790245 USD

-0.70%

ethereum
ethereum

$1791.465527 USD

-1.83%

tether
tether

$0.999717 USD

-0.01%

xrp
xrp

$2.055970 USD

0.14%

bnb
bnb

$593.238692 USD

-1.32%

usd-coin
usd-coin

$1.000032 USD

0.02%

solana
solana

$115.381354 USD

-4.13%

dogecoin
dogecoin

$0.161732 USD

-2.67%

cardano
cardano

$0.649656 USD

-0.44%

tron
tron

$0.239261 USD

1.04%

unus-sed-leo
unus-sed-leo

$9.561241 USD

1.74%

toncoin
toncoin

$3.530703 USD

-6.73%

chainlink
chainlink

$12.739766 USD

-3.87%

stellar
stellar

$0.259841 USD

-2.48%

avalanche
avalanche

$18.093210 USD

-3.52%

Cryptocurrency News Articles

Accenture Invests in Emtech, a Fintech Startup Providing Software-as-a-Service to Central Banks and Fintech Companies

Sep 11, 2024 at 03:22 am

Information and financial technology services company Accenture has invested in fintech startup Emtech, which provides software-as-a-service to central banks and fintech companies.

Accenture Invests in Emtech, a Fintech Startup Providing Software-as-a-Service to Central Banks and Fintech Companies

Accenture has announced an investment in Emtech, a fintech startup that provides software-as-a-service to central banks and fintech companies, which Accenture will integrate into its core banking services.

Emtech was founded in 2019 by Carmelle Cadet, a former IBM Blockchain executive. The company provides a range of services for central banks, including infrastructure for central bank digital currencies (CBDCs), a regulatory sandbox feature, and a compliance feature for financial service providers.

Emtech counts seven central banks among its clients — those of Ghana, Nigeria, the Republic of Guinea, Liberia, Sierra Leone, The Gambia and the Bahamas. It also created a CBDC proof-of-concept for the Bank of the Republic of Haiti.

According to Cadet, Emtech has over 200 fintech clients. The company 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 the Hedera Consensus Services. In July 2023, it introduced its CBDC Innovation Kit simulator, featuring pre-built application programming interfaces.

Accenture has also worked with the Bank of Canada, the Monetary Authority of Singapore, the European Central Bank and the Swedish Riksbank on CBDCs.

Both Accenture and Emtech are collaborating on the Digital Dollar Project, a foundation led by former Commodity Futures Trading Commission head J. Christopher Giancarlo. Accenture is a founding member of the organization, and Emtech joined its Technical Sandbox Program in 2022.

The vast majority of the world’s central banks are researching or testing CBDCs.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 05, 2025