Ten Fintech Startups Showcase Innovations at 2020 FIS Accelerator Demo Day
October 15 2020 - 10:40AM
Business Wire
Key facts:
- Presentations by the 10 startup participants conclude this
year’s program.
- TrustStamp named “Audience Choice” for its secure
authentication solution.
- State of Arkansas and FIS announce extension of program for
2021.
Ten startup companies showcased their technology innovations to
a virtual room of potential investors as well as business and
community leaders yesterday at FIS Demo Day, concluding the fifth
year of the FIS® (NYSE: FIS) Fintech Accelerator program.
Hundreds of banks and financial institutions from around the
world participated in the Demo Day program, which was conducted for
the first time online due to the pandemic. The FIS Fintech
Accelerator program is a collaboration between FIS, the Little
Rock-based Venture Center, and the State of Arkansas to nurture
fintech startups and their innovative solutions. The traditional
12-week program was extended by six weeks this year to provide
additional opportunities for in-depth mentoring and training.
TrustStamp was named “Audience Choice” for its innovative
tokenization technology that can verify a consumer’s identity while
minimizing the risk of exposing personally identifiable information
(PII). Other solution areas showcased at Demo Day included lending
automation, accounts receivables and collections, location
intelligence, cyber security, small business services, risk-based
decision-making, co-browsing and video chat technology and expense
management automation.
At the event, Arkansas Governor Asa Hutchinson and FIS Chairman,
President and CEO Gary Norcross announced the extension of the
program for 2021.
“Congratulations to the participants and the Venture Center for
a successful program during a highly unusual year,” Norcross said.
“New innovation is key to disrupting the status quo and advancing
the way the world pays, banks, and invests. We’re proud to mentor
inventive thinkers and help them evolve new technologies they can
bring to the market.”
“Little Rock is the birthplace of financial technology, and it’s
fitting that fintech helps birth so many cutting-edge companies and
projects right here in Central Arkansas,” said Governor Hutchinson.
As we celebrate the close of the fifth FIS Fintech Accelerator
program at The Venture Center, I am happy to assure you that
fintech and entrepreneurs from all over the world will always have
a home in Arkansas.”
"As we conclude our fifth FIS Fintech Accelerator, we remain
grateful to play an important role in driving global innovation
with our partners at FIS, the State of Arkansas and this year's
cohort," said Wayne Miller, Executive Director, The Venture Center.
"These courageous entrepreneurs successfully completed the first
all-virtual program with immense grit and tenacity. We look forward
to continuing this work for years to come."
For more information on the 10 startup companies in the 2020
program, read our previous announcement or see
www.venturecenter.co.
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our more than 55,000
people are dedicated to advancing the way the world pays, banks and
invests by applying our scale, deep expertise and data-driven
insights. We help our clients use technology in innovative ways to
solve business-critical challenges and deliver superior experiences
for their customers. Headquartered in Jacksonville, Florida, FIS is
a Fortune 500® company and is a member of Standard & Poor’s
500® Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
About The Venture Center
The Venture Center’s immersive accelerator programs are designed
to accelerate the growth of early-stage companies and help them
validate their solutions for real-world problems. Our methodology
provides a unique opportunity to connect with C-level suite global
executives, receive seed investment and learn from a comprehensive
curriculum that will aid in strategically addressing go-to-market,
business, and finance challenges.
To learn more about the program, visit
www.venturecenter.co/fis-accelerator.
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version on businesswire.com: https://www.businesswire.com/news/home/20201015005719/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
Becky Pittman, 501.658.8185 Director of Communications and Brand
Engagement The Venture Center becky.pittman@venturecenter.co
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