Amazon Web Services (AWS), a provider of web services and IT infrastructure for businesses, has announced the launch of the AWS Global Fintech Accelerator program at the Collision Conference.
This program aims to support financial startups utilizing AI and ML technologies from North America (NAMER), Europe, the Middle East and Africa (EMEA), and Latin America (LATAM).
The application period for the Fintech Accelerator Program is now open and will continue until August 14. Interested startups can find application criteria and details here.
Howard Wright, VP and Global Head of Startups, expresses their confidence in the potential of generative AI to revolutionize customer experiences, particularly in the financial services sector. He envisions a future where generative AI enables “self-driving money,” allowing smartphone users to access affordable and trusted financial advisors, ultimately improving their financial well-being. Wright emphasizes the cloud’s role in democratizing access to such solutions for everyone.
What is Included in the AWS Global Fintech Accelerator Program?
Introducing the Collaborative AWS Global Fintech Accelerator, a joint initiative with NVIDIA, designed to support early-stage fintech ventures leveraging AI/ML to revolutionize the financial services sector.
According to Sam Edge, Global Head of Fintech for Startups at AWS, “As consumer expectations evolve, there is a growing demand for a future where financial access is more affordable, sustainable, and decentralized.”
The primary objective of this program is to equip fintech startups with powerful AI and machine learning tools, empowering them to engage and satisfy the ever-increasing demands of customers.
Over the course of six weeks, the Fintech Accelerator Program will provide 150 selected international startups with access to specialized resources and cutting-edge technologies, fostering fintech innovation. Furthermore, participants will have the opportunity to collaborate with investors and advisors, forging valuable partnerships.
As part of the program benefits, startups will receive up to $25,000 in AWS Activate credits, enabling them to accelerate the development of their products and services.
Additionally, the top 15 fintech startups, with five representatives from each region, will be awarded up to $75,000 in extra AWS Activate credits. They will also be invited to participate in a Demo Day event, held in the United States, where they can showcase their innovative solutions to a curated group of potential investors and clients.
The Fintech Accelerator program will be conducted remotely from September 18 to October 27, 2023, providing flexibility and accessibility to participants worldwide.
About Amazon Web Services
For over 15 years, AWS has positioned itself as the preeminent and widely embraced cloud provider, offering the most comprehensive range of services worldwide. Its portfolio has expanded to cater to virtually any cloud workload, boasting over 200 featured services across various domains.
AWS now delivers an extensive array of services encompassing compute, storage, databases, networking, analytics, ML and AI, IoT, mobile, security, hybrid solutions, VR and AR, media, as well as application development, deployment, and management. With a presence in 84 Availability Zones (AZs) spread across 26 geographical locations, AWS ensures robust coverage and availability.
Continuing its commitment to global expansion, AWS plans to establish 24 additional Availability Zones and eight new AWS regions in key locations such as Australia, Canada, India, Israel, New Zealand, Spain, Switzerland, and the UAE.
Clients from diverse sectors, including the fastest-growing startups, leading government organizations, and the largest corporations, rely on AWS to power their infrastructure, drive agility, and achieve cost efficiencies. AWS has become a trusted partner in helping businesses of all sizes optimize their operations and unlock new possibilities in the digital landscape.