10 startups woo potential clients
Summary
Executives representing 16 banks visited the accelerator program this year, said Rob Lee, FIS chief product officer. Disruptive innovation -- an idea or product that shakes up an existing market or industry -- is critical for FIS financial institution clients, Jabbour said. Novielli said Alpharank has developed software that helps banks understand how social networks drive consumers to make financial decisions. FIS said Wednesday that it has entered into partnerships with two startup companies from last years accelerator program -- Connecticut-based Fundseeder, a risk management and trading verification platform for traders, and Hexanika of New York, software that brings costs savings of up to 40 percent to the regulatory reporting process. Six of last years companies were selected to be part of an FIS High Potential Network -- Akouba, Bleu, Flutterwave, Fundseeder, Hexanika and LumoXchange.