FIS and The Venture Center announces participants of 2021 Fintech Accelerator Program

By Pavithra R

Financial service technology provider FIS and The Venture Center has announced a list of ten companies selected to participate in the 2021 FIS Fintech Accelerator program.

The FIS Fintech Accelerator program is focused on identifying and fostering startup financial technology firms with promising, high-potential technologies that advance the way the world pays, banks and invests. It brings bankers, subject matter experts, and financial service executives together with pre-vetted, market-validated fintech companies to advance the financial services industry. The 2021 program received applications from fintech companies in the U.S. and 29 other countries.

“The future of fintech will be impacted by innovators that bring forward breakthrough technology ideas that have real-world value for financial services organizations. That’s the spirit of innovation we look for each year in our Accelerator program, and we are seeing it again with this year’s applicants. We congratulate these ten chosen participants and look forward to working with them as part of the program’s class of 2021,” said Ariel Mendiola, head of FIS Ventures.

The ten selected fintech companies and their focus areas are:

1. Array– Credit monitoring
2. AtomicFI – Authentication / direct deposit
3. Bankifi – Banking-as-a-service
4. BankLabs – Lending
5. Informed.IQ – Automation
6. Long Game – Financial wellness
7. OakNorth – Lending
8. Railz– Banking-as-a-service
9. TaxStatus – Authentication / lending
10. Vymo– Customer relationship management

Thirty percent of this year’s cohort features solutions created by women founders. The 2021 program will be conducted virtually. The 12-week accelerator program begins on June 7 and is preceded by a four-week program to prepare company founders to work with FIS and its clients.

“FIS continues to lead the world of innovation through programs including the FIS Fintech Accelerator, in partnership with The Venture Center. This program has grown immensely in both scope and stature over the past six years, and we are proud to play a pivotal role ushering in a new era of technology alongside the most talented founders in the world,” said  Wayne Miller, Executive Director, The Venture Center.

Established in 1968, FIS is a provider of technology solutions for merchants, banks, and capital markets firms globally. It is a Fortune 500 company and is a member of Standard & Poor’s 500 Index. Once FIs enables this solution, their customers will be able to view and manage bitcoin holdings alongside their traditional accounts in a single view.