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FIS Demo Day Features Top Tech, Highlights Arkansas’ Commitment to Incubation

Identity authentication company TrustStamp was named the “Audience Choice” winner at the fifth annual FIS Fintech Accelerator program’s Demo Day. Further, FIS and the State of Arkansas jointly announced the program’s extension into 2021.

truststampThe event featured presentations from ten startup companies that each virtually showcased their tech to potential investors. TrustStamp turned heads with its secure authentication solution as hundreds of financial instructions and banks from around the globe participated in this year’s COVID-19-modified online format.

TrustStamp was recognized for its “innovative tokenization technology that can verify a consumer’s identity while minimizing the risk of exposing personally identifiable information,” according to the organizers. The program is a collaboration between FIS, the Venture Center and the state. The program, normally 12-weeks, was extended this year to 18-weeks in order to give participating startups “additional opportunities for in-depth mentoring and training,” according to FIS.

“Congratulations to the participants and the Venture Center for a successful program during a highly unusual year,” said FIS Chairman, President and CEO Gary Norcross. “New innovation is key to disrupting the status quo and advancing the way the world pays, banks, and invests. We’re proud to mentor inventive thinkers and help them evolve new technologies they can bring to the market.”

Other areas spotlighted at the event dealt with lending automation, cyber security, location intelligence and small business services, among others, notes FIS.

FROM TWITTER

French Hill @RepFrenchHill Oct 14

"Glad to speak at @VentureCenter and @fisglobal Fintech Accelerator 2020 Demo Day. I am proud that central #Arkansas is growing into a #fintech hub, and that we can serve as a model for other communities hoping to grow their own industries."

Gov. Asa Hutchinson was also on hand for the proceedings. There, he touted the role Arkansas has played in the growing fintech sector.

“Little Rock is the birthplace of financial technology, and it’s fitting that fintech helps birth so many cutting-edge companies and projects right here in Central Arkansas,” Hutchinson said. “As we celebrate the close of the fifth FIS Fintech Accelerator program at The Venture Center, I am happy to assure you that fintech and entrepreneurs from all over the world will always have a home in Arkansas.

Recently, Hutchinson also separately announced another fintech-centric initiative aimed at encouraging the relationship between education and high-tech entrepreneurs. As such, Hutchinson helped unveil Tech Depot, an education center featuring labs and classrooms for Arkansas-based apprentices.

There, the apprentices will be able to take courses in IT, cyber-security, data analysis and software development, according to the governor’s office. 

“The Arkansas Center for Data Sciences, one of the partners in this innovative program, will match companies to apprentices,” he said. “Arkansas State University-Newport will provide the educational content for the IT Generalist class, which will start at the end of the month. The school has a long track record for creating training programs that fit the needs of industry. The Newport Economic Development Commission, the third Tech Depot partner, will coordinate the different elements of the program and help integrate them into the local economy.”

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