FELICIA ITEJI
EMTECH, a leading provider of cutting-edge financial solutions, is set to launch an innovative solution tagged ‘Beyond Compliance’ to assist financial service providers with a seamless regulation compliance suite for central banks and fintechs in Africa.
The planned launch of ‘Beyond Compliance’ was made known by the Founder and Chief Executive Officer of EMTECH, Carmelle Cadet, during a virtual press conference held on Thursday, stressing that the company resolved to introduce a new way for fintechs to manage compliance and meet regulators’ requirements.
In her keynote presentation, Cadet said the Beyond Compliance product will help the financial sector immensely, as it will serve as a new way of enforcing compliance seamlessly in the financial ecosystem.
According to her, “The introduction of Beyond Compliance is a significant milestone to us. There is no doubt that a lot of financial service operators are often faced with some frustrations in the course of their operation in respect to regulations compliance.
“But with this product set to be launched shortly by EMTECH, a lot of frustration will definitely be taken out of compliance issues. From the Compliance dashboard, so much can be explored by the recipients of the solution- via Compliance Manager, Task Manager, among other unique features.
“Beyond Compliance goes beyond traditional methods, offering a centralized platform that simplifies compliance and allows FSPs to dedicate resources to core business functions.”
Cadet encouraged FSPs to visit the company’s website to learn more about ‘Beyond Compliance’ and explore how it can revolutionize their approach to regulatory compliance.
Also speaking at the event, EMTECH Head of Policy, Jill Shemin, remarked the benefits of the Beyond Compliance, noting that the major one to be the streamlining of compliance regulations.
“What we are unveiling is what is very much adaptable to others and the world. The current regulatory environment appears to be slow to change, manual and complex, constraining go-to-market and scaling of fintech innovation. fintechs experience regulatory obstacles from multiple regulators across different jurisdictions. But with Beyond Compliance, a lot of these obstacles will be addressed,” Shemin explained.
Already, the company has successfully collaborated with the Bank of Ghana, in the implementation of the bank’s regulatory sandbox process.
Over the years, EMTECH’s platform has been known to offer solutions that enable innovative financial service providers to access relevant resources required to test their innovative products, services, business models and delivery mechanisms while ensuring adequate visibility and compliance with rules set by regulators and policymakers.
