Key facts:
- FIS introduces its inaugural FIS InnovateIN48-Student Edition competition, where students at U.S. colleges and universities can submit and develop creative technology solutions aimed at advancing financial inclusion.
- This event offers students a chance to compete and secure prizes, priority interviews for internships or full-time employment, and an opportunity to enter a pre-accelerator technology startup program with FIS.
- Registration is now open for the event, which takes place over a 48-hour period during the weekend of Aug. 27-29. Students from any U.S. college or university are eligible to register.
Financial technology leader FIS announced that it is opening its annual InnovateIN48 innovation program, traditionally held internally across FIS’ employee base, to U.S. colleges and university students—expanding the universe of next-generation technology leaders who can compete in the development competition.
This year’s inaugural InnovateIN48-Student Edition competition, which will take place over a 48-hour window during the Aug. 27-29 weekend, invites students to submit creative solutions that use financial and commerce technology to advance financial inclusion in the U.S. Registration for the event is now open at fisglobal.com/in48student. All students, at any U.S. college or university, are eligible to register.
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“FIS is focused on nurturing the best talent in the fintech industry and putting their collective talents to work in advancing the way the world pays, banks and invests,” said Sangy Vatsa, Global Chief Technology & Digital Officer and InnovateIN48 Executive Sponsor. “What better challenge to tackle than expanding access to basic financial services to all citizens to create a more inclusive world? We look forward to seeing the innovation that bubbles up from this year’s competition. Let the games begin!”
Despite the progress made over the past decade in expanding the availability of high-quality, affordable financial services, millions of Americans continue to lack access to banking, money movement tools and other basic financial products due to the growing digital gap.
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The FIS competition provides an opportunity for college students interested in a career in financial technology to collaborate on innovative fintech solutions that can help bridge the digital gap among the unbanked or underbanked.
During the 48-hour technology development competition, student teams can work remotely, to develop and present their ideas to a panel of judges including business leaders within FIS, national non-profit organizations, and FIS sponsors. In addition to prizes, the winning team will gain entry into 1819 Innovation Hub’s Venture Lab Program, a pre-accelerator for startups. Winners will also receive priority interviews from FIS University for internships or full-time employment opportunities at FIS.
FIS was recently named to Fast Company Magazine’s 2021 Best Workplaces for Innovators list. Earlier this year, FIS announced a student loan repayment program for eligible college graduate hires within the U.S. The program is the first of its kind in the financial services industry.
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