December 2015 Announcement Press Release
- FIS announces collaborative effort with The Venture Center to support FinTech Accelerator.
- The FinTech Accelerator is designed to identify global innovators and accelerate the development and growth of early-stage financial technology ventures.
- Program to bring FinTech startups and entrepreneurs to Arkansas, a key market and employee base for FIS.
JACKSONVILLE, Fla., Dec. 17, 2015 – FIS™ (NYSE: FIS), a global leader in financial services technology, today announced a collaboration with The Venture Center to launch the FinTech Accelerator. Powered by FIS, this is an initiative committed to accelerating development and innovation in the global financial technology industry.
The FinTech Accelerator is a 15-week, intensive program designed to accelerate the growth of early stage financial technology ventures. FIS will collaborate with The Venture Center, a Little Rock, Ark.-based organization that provides expertise for entities in business, government and education with a proven, comprehensive accelerator model that supports and guides startup founders to viability.
The highly selective program will admit up to 10 financial technology startups poised to challenge the status quo in the financial services sector. Startups chosen to participate in the FinTech Accelerator will enter a several-month program, complete with curriculum that will help them plan strategically, address business and finance challenges, and provide rigorous mentorship from successful industry experts from FIS and the broader financial services community.
“At FIS we’re investing in innovation that keeps our clients competitive in today’s environment while also looking at what the global financial services industry will look like in the future,” said Gary Norcross, FIS president and CEO. “We’re excited to partner with The Venture Center on this initiative and to further establish Little Rock and Central Arkansas as a desirable location to start and grow a business.”
“FIS has been a key player in the financial services space not only in Central Arkansas, but around the world,” said Lee Watson, president and CEO, The Venture Center. “The Venture Center is proud to partner with FIS on this initiative, which provides FinTech startups access to the largest financial services technology company in the world. This joint effort will provide FIS increased access to the top FinTech innovators in the world while supporting the growth of the financial services sector.”
The FinTech Accelerator will serve as a means of “fast-forwarding” innovation and entrepreneurial efforts. To learn more about the program and to be notified when applications go live in early 2016, visit http://www.venturecenter.co/fintech-accelerator.
The FinTech Accelerator announcement was part of Norcross’ keynote address at the 150th annual meeting of the Little Rock Regional Chamber of Commerce this morning.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk & 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. For more information about FIS, visit www.fisglobal.com.
About The Venture Center
As the front door for entrepreneurism in Central Arkansas, The Venture Center’s multi-stage process is the engine which drives the development of scalable, investable businesses. The Venture Center’s best-in-class Mentorship Network along with a comprehensive Pre-Accelerator program supports and guides startup founders to viability. Corporate, Industry-focused Accelerator Programs leverage The Venture Center’s expertise in innovation to serve member startups, corporate partners, and the investment community. The Venture Center provides expertise and solutions for partners in business, government and education to bolster the economic development of Central Arkansas. As a clear leader, The Venture Center is shaping the economic development of the state and region.
Follow The Venture Center on Twitter @VentureCenter.