{"id":750,"date":"2016-02-07T00:09:20","date_gmt":"2016-02-07T00:09:20","guid":{"rendered":"http:\/\/www.modomodoagency.com\/blog\/?p=750"},"modified":"2016-02-07T00:09:20","modified_gmt":"2016-02-07T00:09:20","slug":"fiserv-launches-accelerator-for-global-fintech-startups","status":"publish","type":"post","link":"https:\/\/modomodoagency.com\/blog\/2016\/02\/fiserv-launches-accelerator-for-global-fintech-startups\/","title":{"rendered":"Forbes: Fiserv Launches Accelerator For Global Fintech Startups"},"content":{"rendered":"

(As appeared in <\/i>Forbes<\/i><\/span><\/a>.)<\/i><\/p>\n

You can\u2019t swing a stick and not hit an accelerator these days. That\u2019s good and bad for entrepreneurs<\/a> and business. For startups<\/a> competing for attention and resources, it may be difficult to tell where they\u2019ll get the most lift.<\/p>\n

And lift isn\u2019t defined strictly in dollars. Increasingly the emphasis on domain expertise resources and real world applications (customers) to test ideas on are a greater factor in entrepreneurial acceleration than just capital. Time is money too, and time spent with the right people can equate to better money and better business.<\/p>\n

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The Bank Innovation INV accelerator from partners Fiserv<\/a>, Bank Innovation & U.S. Bank<\/a> <\/strong><\/h2>\n

Matt Wilcox, Fiserv\u2019s Senior Vice President of Marketing Strategy & Innovation, is keenly aware of the importance of domain expertise. Working with thousands of financial institutions on financial applications gives Fiserv<\/a> a front row seat to the business and technology opportunities and challenges for financial institutions. Often, large financial institutions and credit unions don\u2019t have the resources or freedom to innovate at the pace needed to revolutionize their offerings.<\/p>\n

That\u2019s where the Bank Innovation INV accelerator<\/a> comes in. Bank Innovation<\/a> and Fiserv are launching INV, with the support of U.S. Bank<\/a>, the 5th<\/sup> largest bank in the U.S. and other partners including Cross River Bank<\/a>.<\/p>\n

Fiserv considers themselves to be the \u2018stitching\u2019 between high potential startups and the financial institutions they serve. In this way, Fiserv gets a triple win\u2014they help their financial clients advance, they provide invaluable real-world testing grounds for entrepreneurs, and they benefit from being a true value-added partner.<\/p>\n

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What regulatory realities do fintech startups need to master?<\/strong><\/h2>\n

One of the things brilliant techies and entrepreneurs with high EQs need access to is a practical understanding (or an able navigator and translator) for the complex fintech space. Experts can help provide practical guidance around the regulations and business challenges that are the real category killers or creators.<\/p>\n

Whether you have advisors or not, some fun weekend reading for entrepreneurs serious about the fintech category include:<\/p>\n