FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday it has opened applications for the 2020 FIS Fintech Accelerator. According to FIS, the FIS Fintech Accelerator program is conducted in collaboration with the State of Arkansas and Little Rock-based The Venture Center. It is designed to identify and help startup firms accelerate the development of innovative solutions that bring new capabilities to the financial services community.
“Ten high-potential startups will be selected to take part in the 12-week program beginning June 3 that includes in-depth mentoring and training from FIS and the Venture Center, as well as a monetary investment. During the program, selected firms will also receive feedback from leading bank and financial institution clients. At the conclusion of the program, the participants will pitch their solutions to investors and industry participants at the 2020 FIS Demo Day in August.”
While sharing more details about the program, John Crawford, Head of M&A and Ventures at FIS, stated:
“The FIS Fintech Accelerator is a key element of our larger FIS Ventures program and is focused on identifying, mentoring and investing in promising startup firms that can bring disruptive, value-added fintech solutions to our clients. We are always excited to see the innovations that come through this annual program and we look forward to this year’s field of submissions.”
Previous participants of the FIS Accelerator have notably explored innovations in artificial intelligence, authentication, cybersecurity, consumer lending, credit verification, student loan repayment, retirement planning, process automation and a range of other leading-edge technologies Applications can be completed through March 6th.