For the fourth consecutive year, 10 FinTech startups will be challenged to create next-generation financial technology
FIS™, a global leader in financial services technology, in collaboration with the State of Arkansas and Little Rock-based The Venture Center, announced today that applications are open for the 2019 FIS FinTech Accelerator program.
Now in its fourth year, the FIS FinTech Accelerator program is designed to accelerate the development and growth of early-stage financial technology ventures. Ten startups will be selected to participate in a rigorous, 12-week program in Little Rock starting on April 29. In addition to a monetary investment, each participating startup will receive in-depth mentoring and training from FIS and The Venture Center as well as an opportunity to receive feedback on their ideas from leading banks and financial institutions, along with potential clients and investors.
“We’re proud to continue our support of FIS FinTech Accelerator in collaboration with the State of Arkansas and The Venture Center,” said FIS Chairman, President and CEO Gary Norcross. “This program is part of our continuous modernization strategy to discover and invest in the next generation of technology innovations. We look forward to another year of breakthrough ideas from financial technology startups around the world.”
Past graduates of the FIS FinTech Accelerator have raised a total of more than $53 million in capital since participating in the program. A number of past participants have also have benefited through reseller and investment agreements with FIS, endorsement by the American Bankers Association and industry award recognitions.
Technologies explored by previous participants have included artificial intelligence, next-generation password authentication, blockchain-powered instant payments, and consumer lending credit verification using big data and social media.