The craze for opening fintech accelerators has spread from the banking sector to the vendor community, as FIS throws its hat into the ring with the launch of a new facility in association with The Venture Center.
Much like the banking programmes it emulates, the FIS scheme comprises a 15-week programme to identify and accelerate the growth of early stage financial technology ventures. The scheme will admit up to 10 financial technology startups poised to challenge the status quo in the financial services sector.
FIS is collaborating with the Arkansas-based Venture Center to help support and guide startup founders to viability.
Startups chosen to participate will be provided with a curriculum that will help them plan strategically, address business and finance challenges, and provide 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,” says 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.”