![EMTECH to unveil ‘Beyond Compliance’](http://news.ghheadlines.com/images/default.png)
… A Game-Changer for Fintech Regulation
EMTECH is set to launch the ‘Beyond Compliance’, a cutting-edge platform designed to simplify regulatory adherence for financial service providers.
The announcement of the product was during a virtual media roundtable held on Thursday, where Carmelle Cadet, Founder and CEO of EMTECH, introduced this innovative solution.
Ms. Cadet emphasized the broader implications of the new platform, stating, “Our mission extends beyond mere compliance; we aim to fortify financial markets and safeguard consumers within the financial ecosystem.”
This approach underscores EMTECH’s commitment to not only meeting regulatory requirements but also enhancing the overall stability of the financial sector.
The ‘Beyond Compliance’ platform boasts several key features aimed at streamlining the compliance process.
These capabilities, including a customizable framework setup, a comprehensive requirements manager, and a collaborative task manager. The platform also offers a compliance dashboard providing a real-time, holistic view of an organization’s regulatory status.
Jill Lagos Shemin, Head of Policy at EMTECH, highlighted the platform’s adaptability to various regulatory frameworks worldwide.
She noted, “The platform offers timely alerts on the latest regulatory requirements, ensuring users stay ahead of changes.” This feature is particularly crucial in the rapidly evolving fintech landscape, where regulatory changes can significantly impact operations.
The development of ‘Beyond Compliance’ is rooted in EMTECH’s practical experience, particularly its collaboration with the Bank of Ghana. This partnership, which began in 2020 during the COVID-19 pandemic, provided valuable insights into the challenges faced by fintechs in managing compliance.
“By digitizing and organizing these processes, Beyond Compliance significantly reduces the burden on fintechs and accelerates their path to market,” Ms. Cadet explained.
The platform addresses various aspects of compliance, from licensing requirements to risk management protocols, offering a comprehensive solution for fintech startups and established financial institutions alike.
Ms. Cadet remarked, “It’s not just a tool for meeting regulatory requirements; it’s a comprehensive solution that empowers financial service providers to thrive in an increasingly complex regulatory landscape.”
As the fintech industry continues to evolve, solutions like ‘Beyond Compliance’ are poised to play a crucial role in shaping the future of financial regulation. By simplifying compliance processes and enhancing productivity, EMTECH aims to allow organizations to focus on their core business activities while maintaining high regulatory standards.
The anticipated launch of ‘Beyond Compliance’ marks a significant milestone in regulatory technology, offering a promising solution to the challenges faced by fintechs in navigating complex regulatory environments. As the financial sector increasingly embraces digital transformation, platforms like this may well become indispensable tools in ensuring both innovation and security in the world of finance.?
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The post EMTECH to unveil ‘Beyond Compliance’ appeared first on The Business & Financial Times.
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