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...

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...