Accenture has invested in fintech startup Emtech, which provides software-as-a-service to central banks and fintech companies.

Accenture plans to integrate Emtech products into its core banking services.

Emtech was founded in 2019 and it counts seven central banks (Ghana, Nigeria, Guinea, Liberia, Sierra Leone, Gambia and the Bahamas) among its clients. It also created a central bank digital currency (CBDC) proof-of-concept for the Bank of the Republic of Haiti.

The terms of the Accenture investment were not disclosed. Emtech will also join the Accenture Venture Project Spotlight accelerator.

Accenture is not new to the CBDC scene. It has worked with the Bank of Canada, the Monetary Authority of Singapore, the European Central Bank and the Swedish Riksbank.

The partner of Fintech section is