FinTech Innovation Lab New York Now Accepting Applicants for 2020 Class

Applications are now being accepted for the FinTech Innovation Lab New York, a 12-week program co-founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City that helps early- and growth-stage fintech companies accelerate product and business development through in-depth collaboration with top financial services and venture capital firms.

The FinTech Innovation Lab is designed for entrepreneurs developing disruptive enterprise technologies for the financial services industry, including the banking, insurance and asset management sectors. Now in its 10^th year, the Lab has helped established New York City as a fintech hub for enterprise technology innovation. Applications for the 2020 class are available at www.fintechinnovationlabnyc.com and are due by Monday, Dec. 2. An information session will be held for applicants on Tuesday, Nov. 5.

Based on feedback from senior executives at participating financial institutions, this year’s Lab is seeking companies leveraging innovative technologies — including artificial intelligence, machine learning, blockchain, mobile and robotic process automation — and building end-to-end solutions around five major areas:

• Cloud: Including cloud management, migration and security;
• Data: Alternative data sources to improve underwriting analytics, as well as tools for data management, governance, privacy and visualization;
• Digitization: Automating and scaling internal processes to drive operational and engineering efficiencies;
• Engagement: Tools focused on clients, employees or agents, including for customer acquisition and experience, product customization, predictive analytics and talent development; and
• Security: Solutions focused on cyber, risk and identity management, and fraud.

“When we established the FinTech Innovation Lab 10 years ago, few financial institutions were sourcing technology in New York. Now there is a rich ecosystem of fintech entrepreneurs, venture dollars and corporate engagement here that has enabled fintechs to scale and create jobs locally. New York is now a leading center of fintech — particularly for enterprise solutions,” said Maria Gotsch, co-founder of the FinTech Innovation Lab and president and CEO of the Partnership Fund for New York City.