EMTECH set to transform financial ecosystem

EMTECH, a leading provider of financial solutions, has announced the launch of compliance solution, ‘Beyond Compliance.’ This new suite is designed to assist financial service providers (FSPs) in seamlessly managing regulatory requirements for central banks and fintechs across Africa.

During a virtual press conference on Thursday, EMTECH's Founder and CEO, Carmelle Cadet, unveiled the company's latest initiative.

Cadet emphasized that ‘Beyond Compliance’ aims to revolutionize how fintechs and other financial entities handle compliance, providing a more efficient and centralized platform.

"Introducing ‘Beyond Compliance’ is a significant milestone for us," Cadet stated. "Financial service operators often face challenges with regulatory compliance. Our new product is set to alleviate many of these frustrations by offering a comprehensive compliance dashboard that includes features like Compliance Manager and Task Manager. This platform not only simplifies compliance but also allows FSPs to focus more on their core business functions."

Cadet encouraged financial service providers to visit EMTECH's website to learn more about ‘Beyond Compliance’ and how it can transform their approach to regulatory compliance.

Jill Shemin, EMTECH's Head of Policy, also spoke at the event, highlighting the key benefits of ‘Beyond Compliance,’ particularly its ability to streamline regulatory processes. Shemin noted that the current regulatory environment is often slow to adapt, manual, and complex, posing challenges for fintechs aiming to scale and innovate. "Beyond Compliance addresses these regulatory obstacles by providing a more adaptable and efficient solution," Shemin explained.

EMTECH has already seen success with ‘Beyond Compliance’ in its collaboration with the Bank of Ghana, where it played a pivotal role in implementing the bank's regulatory sandbox process.

The launch of ‘Beyond Compliance’ marks a new chapter in the company's efforts to support the growth and sustainability of the fintech ecosystem in Africa.