OUR CENTRAL BANK SOLUTIONS
Evolving Central Banking For The FinTech EraBy partnering with EMTECH, Central Banks can leverage our expertise and cutting-edge technology to modernise their processes and infrastructure to achieve their goals
Technology driven financial services bring risk and is changing the nature of financial stability which makes the mandate of Central Banks more challenging to accomplish. Central Banks need new partners and tools to help them evolve their processes and infrastructure.
From Web2 to Web3, there is a major shift into technical components of financial services; from siloed systems to distributed ledger, from closed systems to public or open banking. The sharing of data can be leveraged as a way to get better visibility and manage risk in the FinTech era.
At EMTECH, we understand the importance of modernising, testing and piloting Central Bank infrastructure to meet the changing needs of the financial industry that's why we have developed an API-first approach that helps Central Banks improve their data management, streamline processes, and provide better services to the public.
As payments continue to evolve, there is opportunity to reduce friction and inefficiencies that have contributed to country risk, AML and high cost for consumers. Modernizing the payment infrastructure can revolutionize how payment is done in the future. Providing access to people who have been excluded from participating in financial ecosystem services is the mandate of central banks
EMTECH’s digital cash infrastructure enables central banks to provide financial market stability and modern cash infrastructure. With digital cash, Central Banks can provide efficient and compliant cross-border payment, and have better visibility of cash in their jurisdiction. Central Banks can leverage digital cash to increase the reach of financial inclusion and promote effective monetary policies
By expanding the capabilities of sandbox licensing, data reporting and compliance risk monitoring that we offer today, no longer will licensing and supervision professional at a central bank have to spend hours wondering if a fintech is meeting compliance and which one present risk to financial stability.
With EMTECH's Beyond Supervision Module, central bank teams can access all they need in one place to manage license applications, multi department review and decisioning of licensing process. In addition, the solution embeds central bank's supervision management tasks and docs to receive all regulatory reporting.
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