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FIS announces startup participants of 2020 FinTech Accelerator program

By Pavithra R

July 01, 2020

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FIS
Asif Ramji, Chief Growth Officer at FIS

Financial services technology company, FIS and The Venture Center has announced the list of selected ten companies to participate in the 2020 FIS FinTech Accelerator program.

The FIS FinTech Accelerator program, in its fifth year, is focused on identifying and fostering startup FinTech startup firms with promising, high-potential technologies that advance the way the world pays, banks and invests. The program received applications from fintech companies in the U.S. and 29 other countries.

“The FIS FinTech Accelerator is a key part of our overall investment strategy at FIS to develop and bring to market the most innovative, leading-edge technology innovations for our clients. The ten companies selected for the fifth year of FIS’ Accelerator program bring a wealth of promising ideas and technologies. We look forward to working with these firms to bring their ideas to life,” said Asif Ramji, Chief Growth Officer at FIS.

The selected ten startups and their areas of focus are:

  1. Cirrus Secure (Evergreen, CO) – lending automation
  2. Dasceq (Dallas, TX) – accounts receivables and collections
  3. Stratyfy (New York, NY) – risk-based decision-making
  4. TrustStamp (Atlanta, GA) – secure authentication
  5. Mall IQ (San Francisco, CA and Istanbul, Turkey) – location intelligence
  6. XpenseOne (Spokane, WA) – expense management automation
  7. Sequretek (Mumbai, India) – cyber security
  8. Silot (Singapore) – small business services
  9. Cobbler Technologies (Little Rock, AR) – application development
  10. Surfly (Amsterdam, The Netherlands) – co-browsing and video chat technology

 

Due to prevailing COVID-19 situation, the FinTech leader is planning to conduct the 2020 program virtually. The firm has also extended the 12-week program by another six weeks to provide additional opportunities for in-depth mentoring and training for the startup firms from FIS, The Venture Center and participating banks and financial institutions.

Recently FIS partnered with FICO to build a new financial crime management solution.

“The FIS FinTech Accelerator program has a demonstrated history of accelerating highly successful companies and expanding financial access in all corners of the world. With our partners at FIS and the State of Arkansas, we’re honored to be a part of bringing cutting-edge technologies to the places and people who need them, particularly in this moment of monumental technological advancement,”

Established since 1968, FIS is a provider of technology solutions for merchants, banks and capital markets firms globally. The firm is a Fortune 500 company and is a member of Standard & Poor’s 500 Index.

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