FIS Launches Network for High Potential Early Stage Fintechs
December 08 2016 - 7:30AM
Business Wire
Key facts
- FIS has launched the FIS HiPo Network, a collection of high
potential, early stage fintech companies, including recent
graduates from the VC Fintech Accelerator - Empowered by FIS.
- The initial group of HiPo Network firms include Akouba, Bleu,
Flutterwave, Fundseeder, Hexanika, and LumoXchange.
- FIS, The Venture Center™ and the Governor of Arkansas announce
the dates of the 2017 VC Fintech Accelerator Empowered by FIS;
application deadline February 5, 2017; program start May 8,
2017.
FIS™ (NYSE: FIS), a global leader in financial services
technology, today announced the launch of a network of early-stage
fintech companies with direct applicability to the financial
services ecosystem served by FIS. The FIS HiPo (short for “high
potential”) Network is a collection of firms that have demonstrated
substantial promise in the development of new tools and
technologies that deliver purposeful innovation for our clients
around the world.
“FIS has a responsibility to help our clients stay competitive
today, while remaining cognizant of the rapid changes taking place
in the financial services industry. The FIS HiPo Network expands
the innovation strategy for our firm and has been developed to
bring the realization of new innovations to market in an efficient
and practical manner,” said Gary Norcross, FIS president and
CEO.
The first members of the FIS HiPo network include six
participants from the 2016 VC Fintech Accelerator.
Akouba – an online platform that enables improved processing of
small business loans for regional and community banks
Bleu – a provider of Bluetooth-enabled wireless solutions to
bridge the gap between the physical and the digital world,
including merchant POS and retail sales management tools
Flutterwave – an infrastructure provider that enables merchants,
payment service providers and Pan-African banks to accept and
process payments on any channel
Fundseeder – a data and performance analytics, risk management,
trading verification and investor connectivity platform for both
regulated and unregulated traders.
Hexanika – an end-to-end data management and reporting solution
harnessing big-data for tackling compliance and regulatory
requirements for banks. The software brings cost
savings up to 40% to the regulatory reporting
process and improves accuracy and consistency
in reporting.
LumoXchange – creator of the world's first localized currency
exchange marketplace for global peer-to-peer payments
The FIS HiPo Network is open to fintech companies that have the
opportunity and interest to meet burgeoning needs of the financial
institutions that FIS serves and to develop the key integration
points between technology platforms to facilitate efficient
innovation. The six HiPo Network companies will be participating in
FIS’ annual client conference FIS Connect April 10-13, 2017 in
Orlando, Fla.
VC Fintech Accelerator 2017
Separately, FIS and the Governor of Arkansas, in collaboration
with The Venture Center in Little Rock, AR, announced the dates for
the 2017 VC FinTech Accelerator. Entering its second year, the VC
Fintech Accelerator - Empowered by FIS, continues its commitment to
innovation in the global financial technology industry.
Applications for the 2017 program are open now, and close on
February 5, 2017. The program kicks off in Little Rock on May 8,
2017 and concludes on July 28th following a Demo Day to investors
and industry on July 27, 2017.
“Arkansas is proud to partner with FIS to continue the VC
FinTech Accelerator in 2017. This year’s program brought some of
the world’s most exciting financial services startups and promising
tech talent to our state and we are excited to see that
relationship continue. It is great to see companies like FIS
investing in innovation in Arkansas and we are excited to partner
with them to increase the tech footprint in our state,” said Asa
Hutchinson, Governor of Arkansas.
Norcross ended, “As evidenced by the return of the VC Fintech
Accelerator in May of 2017 and our own ongoing R&D,
technological innovation for the benefit of our clients remains a
top-priority for FIS now and into the future.”
About FIS
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.
Follow us on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
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version on businesswire.com: http://www.businesswire.com/news/home/20161208005291/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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