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FIS and Arkansas Governor Hutchinson Extend VC FinTech Accelerator Till 2018 - FIS™, a global leader in financial services technology, and the office of Arkansas Gov. Asa Hutchinson have committed to extending the VC FinTech Accelerator program until 2018
FIS and Arkansas Governor Hutchinson Extend VC FinTech Accelerator Till 2018

 

PRZOOM - /newswire/ - Jacksonville, FL, United States, 2016/08/03 - FIS™, a global leader in financial services technology, and the office of Arkansas Gov. Asa Hutchinson have committed to extending the VC FinTech Accelerator program until 2018. NYSE: FIS

   
 
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• Arkansas Gov. Asa Hutchinson and FIS president and CEO Gary Norcross announce plans to fund two more years of FinTech Accelerator programs in Little Rock, Ark.
• Agreement builds upon success of the inaugural FinTech Accelerator, which ended with a Demo Day on Aug. 3.
• Ten FinTech companies spent 12 weeks in Little Rock working with the Venture Center and executive mentors from FIS to develop and hone business strategies that will disrupt the future of the financial industry.

Celebrating the inaugural program today with the Venture Center at the Clinton Presidential Library in Little Rock, Ark., Hutchinson and FIS president and CEO Gary Norcross agreed to share funding of the program through 2018. That means more early-stage startups will have the opportunity to develop and hone innovations that may disrupt the financial services industry and how consumers interact with it.

“Innovation in financial technology is happening at an incredible pace,” Hutchinson said. “As one of the original homes of FinTech, it was important for Arkansas to continue pushing that innovation. We’re extremely proud that Arkansas and FIS could continue to support this wonderful program.”

“FIS’ support of and participation in the Fintech Accelerator is part of our broader innovation strategy. This isn’t just about turning startups into strong investment opportunities, it’s about reinventing the financial industry by identifying and fast-tracking the best ideas,” said Norcross, who spoke at the event. “The Accelerator and the fostering of innovation fits squarely with our strategy to deliver results that empower the financial world. It is at the heart of everything that we do.”

An intense focus on innovation and financial industry reinvention underpinned FIS’ sponsorship of the inaugural VC FinTech Accelerator. The highly selective and intensive program was designed to ultimately accelerate the growth of early stage financial technology ventures. Participant companies spent 12 weeks working with FIS executives and other financial services industry leaders; as these startups develop, the goal is to enable them to gain a sound foothold in the financial services ecosystem so they can deliver new solutions to financial institutions, payment firms and other segments of the industry.

Each of the 10 early-stage startups showcased their innovations during a “Demo Day” today for nearly 300 venture capitalists, bankers, technology professionals and local community leaders, including the governor. Solutions cultivated within the program include:

• Contactless point-of-sale payments;
• Secure payments and money movement across borders, particularly for the underserved;
• Personal finance and 401(k) plans to engage young people and those who don’t invest;
• Underwriting for small businesses;
• Compliance and analytics software that helps banks, investors, traders and more operate more efficiently.

About FIS
FIS (fisglobal.com) is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 55,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.

 
 
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FIS and Arkansas Governor Hutchinson Extend VC FinTech Accelerator Till 2018

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FIS Global | VC FinTech Accelerator
Contact: Kim Snider - FISglobal.com 
904-438-6278 kim.snider[.]fisglobal.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FIS securities in any jurisdiction including any other companies listed or named in this release.

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