AMERICAN BANKER: FIS Forms Partnership to Create Arkansas FinTech Accelerator

FIS in Jacksonville, Fla., has partnered with the Venture Center to create an incubation lab to boost innovation in financial technology.

The FinTech Accelerator will be a 15-week program for early-stage companies, designed to boost their growth potential. Up to 10 startups will be admitted to the program, which will be located in Little Rock, Ark.

During their time in the accelerator, the startups will complete a curriculum in strategic planning and addressing business and financial challenges. They will also receive mentorship from industry veterans from FIS and other companies and organizations.

The Venture Center, in Little Rock, provides expertise to startups in the Central Arkansas region.

"We're investing in innovation that keeps our clients competitive," FIS Chief Executive Gary Norcross said in a news release.