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Blogs & Media

April 28, 2023 May 5, 2023Regulation Will Always Lag Innovation: How a Regulatory Sandbox can Help Bridge the Gap
Innovation is the backbone of the fintech industry, driving everything from new business models to game-changing technologies. However, as fintech innovation continues to accelerate, the laws and regulations governing the industry struggle to catch up. Fintechs and regulators are facing a dilemma as a result of this: : how to foster innovation while maintaining regulatory compliance? The truth is that laws and regulations will always lag behind innovation. This is not unique to the Fintech industry - it's a challenge faced by innovators in every field. The reason is simple: innovation is all about pushing boundaries and breaking new ground....
By EMTECH
April 21, 2023 April 21, 20235 Fintech Pain Points When Launching A New Product and How A Regulatory Sandbox Can Help
For the last two years fintechs have enjoyed total total investments growing at record highs, and have also been in a rush to launch new products to stay ahead in their respective markets. While launching a new product can be exciting, it also comes with its fair share of challenges.
By EMTECH
March 27, 2023 March 24, 2023CBDC: An Opportunity or a Solution in Search of a Problem?
CBDC is being explored in countries that account for 95% of global GDP. Eighteen of G20 member countries are already in the advanced stage of developing CBDCs. Jamaica, the Bahamas and Nigeria have already launched their own CBDC.
By EMTECH
March 8, 2023 March 9, 2023EMTECH Comments on the Initiative to Establish A National Digital Assets Research Development (R&D) Agenda
We are pleased to provide comments to the Office of Science and Technology Policy regarding the Federal Government’s efforts to thoroughly evaluate and potentially incorporate a central bank digital currency (CBDC) in the United States. The proliferation and use of digital assets in mainstream society is still in its nascency, but market signals suggest there are long-term benefits to adopting or integrating digital currency into the fabric of the United States' monetary ecosystem. In this RFI, we will first share our perspective on the “Goals, Sectors, or Applications Where Digital Assets Might Introduce Risk or Harm” and secondarily share our...
By EMTECH
February 6, 2023 February 7, 2023Market forces and legacy regulatory structures are hindering fintech innovation. How can regulatory sandboxes help them land and scale?
Startups continue to face challenges such as extended product time-to-market, increased competition from monopolies, an uneven playing field for startups, increased barriers to entry as requirements from regulators, and in some cases, exorbitant, and limited engagements with regulators.
By EMTECH
September 1, 2022 September 1, 2022The Digital Dollar Project Launches Technical Sandbox Program to Explore Central Bank Digital Currency Infrastructure Solutions
The Digital Dollar Project (DDP) announced today the launch of its Technical Sandbox Program to jumpstart further exploration of technical implementations of a U.S. central bank digital currency (CBDC).
By EMTECH
August 22, 2022 February 6, 2023Bank of Ghana Goes Live on EMTECH’s Regulatory Platform
The groundbreaking partnership is a first of its kind to drive faster digital innovation and stronger risk monitoring for regulators and fintechs, but with user and developer-friendly interfaces. NEW YORK, NY, August 22, 2022 EMTECH, a Modern Central Banking Infrastructure provider, announced today its API-First Digital Regulatory Sandbox™ Platform was selected by the Bank of Ghana to modernize its regulatory review process and regulatory reporting capabilities. This decision will accelerate innovations to market to help BOG better assess their risk. The announcement confirms the groundbreaking partnership and a successful pilot which included a Ghanain Blockchain Financial Service Provider (FSP). EMTECH’s open platform digitizes access to...
By EMTECH
August 2, 2022 August 2, 2022EMTECH: The Coming Modernization of Central Banking
Central banks around the world are facing unprecedented challenges overseeing the rise of new payments business models, platforms, products, and providers, alongside the increased adoption of digital payments and services among the population in the wake of COVID-19 crisis.
By EMTECH
July 13, 2022 July 28, 2022The Modern Central Bank: Tapping into the power of technology innovation to maintain stability in a new era
Key Takeaways: Regulators are tasked with preserving stability and ensuring compliance to regulations. Innovative fintech solutions make both challenging. The regulatory sandbox platform as a technology solution allows space for both needs (compliance and innovation) to be met.Regulators can use the sandbox platform to safely assess new products and tech with data while in market As a central bank, between the ever-increasing number of new fintech solutions and paper-heavy processes, the task of creating a new regulation framework for each new financial innovation seems Herculean. Meanwhile, new fintechs come along to tell you that they have software or a platform that...
By EMTECH
May 9, 2022 July 28, 2022First CBDC Proof of Concept Demo at the Haitian Embassy in Washington D.C
EMTECH and HaitiPay unveil The First CBDC Proof Of Concept for the Haitian Market, Leveraging Distributed Ledger Technology, APIs and Fintech Services to Reimagine the Country’s Payment Rails
By EMTECH