The 2020 FIS Fintech Accelerator follows four highly successful programs produced by FIS and The Venture Center. This year’s Accelerator is being conducted entirely virtually and includes an additional six-week pre-accelerator, providing opportunities for greater collaboration and faster innovation for FIS customers.
In this series, we talk with FIS “Fintech Champions” who are working with this year’s cohort to help develop and bring their ideas to fruition. Here we feature a Q&A with Rob Harris, VP, EPO Identity, who is working with 2020 cohort member TrustStamp. Rob leads a product team focused on new product development in the areas of consumer identity authentication, fraud, consumer consent and data privacy management.
We hope you enjoy hearing from the FIS Champions, and encourage you to schedule a visit to the FIS Fintech Accelerator at venturecenter.co/fisfintech.
1. What challenges do you see today that fintech solutions could address?
We believe that TrustStamp can help accelerate the development and deployment of key components in global identity verification. Specifically, their ID proofing technology supports both mobile- and browser-based methods of image capture which means it can support consumers who may not have a smartphone. We also like TrustStamp’s identity token technology, which verifies consumers’ identity using biometric data without having to store or share a consumers’ biometric information. In this way, consumer personally identifiable information (PII) can be shared between businesses and banks to help protect the consumer without increasing the risk of PII data exposure.
2. What stands out about TrustStamp and why was it chosen to be a part of the 2020 FIS Fintech Accelerator?
We liked the mix of technology and product features offered in their existing solution. TrustStamp also demonstrates a willingness to collaborate and innovate, rather than merely offering just a standard set of solutions. TrustStamp exhibits a high level of curiosity about the market and an equal level of patience needed to put the foundation in place for future scale. This is extremely important to a large enterprise such as FIS.
3. How do you hope your involvement in the FIS Fintech Accelerator helps FIS’ clients?
In a general sense, we hope it leads to new, innovative solutions our clients can use to authenticate consumers and combat fraud. Ultimately, our goal is to help our clients reduce costs, mitigate risk and improve their customer’s experience.
To learn more about and the full roster of 2020 cohort companies, sign up for the 2020 FIS Fintech Accelerator Demo Day
**This is part of an ongoing blog series highlighting the different FIS Champions working with the 2020 FIS Accelerator Cohort of startup fintech companies.**