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Venture Center & ABA Launch Fintech Accelerator for Arkansas Banks

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Venture Center & ABA Launch Fintech Accelerator for Arkansas Banks


The Venture Center and the Arkansas Bankers Association have teamed up to launch a new technology accelerator aimed at addressing challenges specific to Arkansas banks.

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Ten startups will be selected for the Arkansas Banking Solutions Accelerator, a 12-week program to advance technology in the state and help local banks navigate the ever-changing financial sector.

This initiative marks a shift for the Venture Center, which has led the program for years with the Independent Community Bankers of America. But the new partnership with the ABA is part of an ongoing effort to “refocus on Arkansas,” said Daniel Schutte, vice president of strategic partnerships at the Venture Center.

The Banking Solutions Accelerator distinguishes itself from other fintech accelerators by targeting specific pain points of Arkansas banks. One major issue banks are facing is what Lorrie Trogden, president and CEO of the ABA, calls a “huge niche” — compliance and regulatory technology, especially in an increasingly complex landscape.

“We face a myriad of new regulations constantly. It feels like every day there’s a new regulation coming out,” Trogden said.

She cited Regulation 1071, which requires financial institutions to compile and report lending data for women-owned, minority-owned and small businesses, all within an 18-month period.

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Those regulatory burdens can be especially challenging for smaller community banks, which sometimes lack the resources and funds to develop in-house solutions, Trogden said.

“It’s one thing to have something new and shiny and great. And there will always be a place for that,” Trogden said. “But for the banks, it’s all driven by regulation.”

In hopes of addressing regulation technology, or regtech, the program aims to connect Arkansas banks with companies that can provide tailored, cost-effective solutions. While companies from anywhere can apply, Schutte noted there might be some “bias” towards regional companies already addressing problems faced by Arkansas banks.

Though he emphasized that overall, the program is still looking for the “best tech.”

The selection process will involve interviews conducted by the Venture Center, followed by a committee review to choose the startups with the most potential. Selected companies will have one-on-one meetings with leaders in the Arkansas banking industry and ABA-member banks, as well as access to the Venture Center’s out-of-state network.

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A key focus of the accelerator is addressing the needs of community banks, which are a significant part of Arkansas’ financial landscape. On top of aiding regulatory compliance, the program aims to help local banks stay technologically competitive and prevent customers from going out of state for more advanced offerings.

“We want to keep all of the dollars that are coming from Arkansas citizens with our banks that are here in Arkansas,” Trogden said. “We want to provide everything that they need so they don’t have to take their dollars outside of the state. I think that’s what this accelerator program will do.”

The Banking Solutions Accelerator, which will begin in mid-September, will conclude with a demo day in December, during which the ten selected companies will pitch their solutions to potential investors and industry participants. Each company will receive a monetary investment, and the event is expected to attract around 400 attendees.

“We fundamentally believe we can impact Arkansas through this,” Schutte said. “That’s really our fundamental goal long term: doing it all where banks win, companies win, the state wins. Nobody loses in this kind of economic development work.”

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Students need stability to learn. Here’s what Arkansas can do.

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Students need stability to learn. Here’s what Arkansas can do.


On an ordinary school morning at my alma mater Mineral Springs High School, where I now teach, I walked the same green-and-gold hallways I knew as a teenager. They felt different. Not louder or quieter. Just heavier. The kind of weight you feel in the way students move through the building, in how they sit […]



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Despite earlier request, Little Rock’s Ken Richardson a no-show during virtual city board meeting | Arkansas Democrat Gazette

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Despite earlier request, Little Rock’s Ken Richardson a no-show during virtual city board meeting | Arkansas Democrat Gazette


Little Rock City Director Ken Richardson was a no-show at a virtual meeting of the city’s Board of Directors on Tuesday despite previously seeking authorization to attend sessions electronically.

City officials made Tuesday’s agenda-setting meeting a virtual session on the heels of a major winter storm in Arkansas.

Richardson, 59, has not attended meetings since May 2024 after facing a serious health crisis, although he and others have not fully explained his health issues or offered a timeline for when he might be able to return.

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After Richardson missed a series of meetings in 2024, the city issued a statement Aug. 1 of that year acknowledging that Richardson had undergone multiple life-threatening surgeries and was hospitalized.

Since 2007, Richardson has represented Ward 2, which encompasses a southern section of the city around Scott Hamilton Drive, Geyer Springs Road and Baseline Road.

His latest four-year term expires Dec. 31, 2026, having been reelected in 2022 without an opponent. The Ward 2 seat will appear on the ballot during the November 2026 election.

Richardson was the only one of the 10 city directors who did not appear via teleconference during Tuesday’s meeting.

In March 2025, the board voted to do away with the virtual-attendance procedures that had allowed members to attend meetings electronically during the covid-19 pandemic and the subsequent period.

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Several months after the board changed the rules, a new Arkansas law took effect that requires members of municipal governing bodies to attend meetings in person unless the governor has declared an emergency.

Arkansas Gov. Sarah Huckabee Sanders declared a state of emergency Jan. 22 in anticipation of the winter storm.

In a letter addressed to Mayor Frank Scott Jr. in late October, Richardson asked to attend meetings virtually, citing the federal Americans with Disabilities Act.

The city’s Human Resources Department later asked that Richardson and his health care provider complete paperwork detailing his request for reasonable accommodation under the law.

The board typically meets every Tuesday, alternating between formal meetings in which action is taken and agenda-setting meetings in which officials review the agenda for the following week’s meeting or discuss other policy matters.

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To date, board members have not been presented with a measure that would authorize Richardson to attend meetings virtually as a disability-related accommodation or for other reasons.

In December, the board rejected a measure sponsored by City Director Lance Hines of Ward 5 that would have called on Richardson to resign. Scott spoke out against the proposal and had pledged to veto it if it passed.

City code lacks provisions that could lead to Richardson’s removal from office based on nonattendance.

Last year, an effort by some of Richardson’s constituents to gather enough signatures from Ward 2 residents to initiate a recall election fell short. At the mid-December deadline, organizer Pam Noble said they obtained fewer than 500 signatures out of the nearly 1,400 required to trigger the election.

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Clintons resigned, resolved against MAGA exploitation | Arkansas Democrat Gazette

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Clintons resigned, resolved against MAGA exploitation | Arkansas Democrat Gazette


John Brummett

jbrummett@arkansasonline.com

John Brummett’s career in news began when he was in high school, as a part-time reporter for the Arkansas Democrat. He moved to the Arkansas Gazette in 1977.

He wrote a political column for the Gazette from 1986 to 1990. He was an editor for the Arkansas Times from 1990 to 1992.

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In 1994, his book, “High Wire: From the Back Roads to the Beltway, the Education of Bill Clinton,” was published by Hyperion of New York City. He became a columnist with the Arkansas Democrat-Gazette in 1994. In 2000, he signed a deal with Donrey Media Group, now known as Stephens Media, and wrote for them for 11 years.

He rejoined Democrat-Gazette as a columnist on Oct. 24, 2011.



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