Sygno today announced that it has been selected to participate in the seventh FIS Fintech Accelerator program, in partnership with The Venture Center.
The FIS Fintech Accelerator program brings bankers, subject matter experts, and financial service executives together with pre-vetted, market-validated fintech companies to advance the financial services industry.
“Sygno being chosen for the FIS Fintech Accelerator program is an honor,” said Sjoerd Slot, Founder at Sygno. “Our solution supports banks and other financial institutions with automated modeling in the areas of Fraud and AML and is primed to help bankers and financial institutions innovate throughout the ongoing digital revolution, and we’re excited about the opportunity to meet with FIS’ network.”
Sygno’s automated modeling of good behavior uncovers transaction monitoring risks and reduces false positives. By focusing on the behavior of good customers, rather than outdated criminal patterns, Sygno’s automated model generation technology plugs into and enhances financial institutions’ existing transaction monitoring environments. Adding direct value in substantially reducing the number of false positives for fraud and compliance teams, increasing the ratio of previously undetected crime and lowering the pressure on scarce data scientists teams. This adds tremendous value for the banks and makes their compliance and KYC process much more efficient and agile.
“We’re excited to be working with Sygno, one of the fintech companies selected for the 2022 FIS Fintech Accelerator program,” said Elaine Duff, Head of FIS Impact Ventures Fintech Advocacy, FIS. “We’re constantly engaging the most innovative startups and look forward to helping these solutions evolve so they can serve the fintech industry.”
“We are excited to kick off the seventh year of our partnership with FIS and the State of Arkansas to produce the 2022 FIS Fintech Accelerator,” said Wayne Miller, Executive Director of The Venture Center. “Our work with FIS is more important than ever as digital transformation continues to revolutionize everything we do. This year’s cohort demonstrates what fintech partnership is all about, and the program is certain to be elevated as we work with the President of FIS Impact Ventures, Rob Lee, and his team, whose dedication to fintech advocacy, diversity and inclusion is perfectly aligned with our own goal to drive meaningful impact.”
The 12-week 2022 program began July 19 and culminates with Demo Day on November 9 when fintechs will demonstrate their refined solutions to hundreds of leading financial institutions, potential investors, and industry participants.