The FinTech Innovation Lab New York is now accepting applications for its 12-week program co-founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City.
The program helps early- and growth-stage financial technology companies accelerate product and business development through collaboration with top financial services and venture capital firms.
The FinTech Innovation Lab is designed for entrepreneurs developing disruptive technologies for the financial services industry, including in banking, capital markets and insurance.
Now in its 13th year, the Lab has helped establish New York City as a competitive fintech hub for enterprise technology innovation.
Applications for the 2023 class are available online here and due by Dec. 1.
This year’s Lab is seeking companies leveraging innovative technologies in eight major areas:
- Data: Alternative and synthetic data, predictive analytics, artificial intelligence (AI) based insights, unstructured data, new data sources, fraud management in insurance, and data privacy;
- Digital Client Engagement: Client acquisition and retention; product customization; and experience personalization;
- Future of Work: Talent sourcing, onboarding, engagement and retention; virtual and hybrid experiences;
- Inclusion & Diversity: Financial wellness and inclusion (un- and under-banked), and diversity;
- Metaverse/Web 3.0: Distributed ledger technology, blockchain, digital assets, cryptocurrency solutions, decentralized finance and insurance; smart contracts, customer experience, digital twins, and e-commerce enablement;
- Payments: Global commerce, foreign exchange transactions, and infrastructure modernization;
- Risk and Compliance: Automation, risk assessment, regulatory compliance, digital identity and security solutions, and records management; and
- Sustainability: Environmental, social, and corporate governance (ESG); carbon solutions; risk identification, reporting and mitigation; sustainable investment; and education solutions.
The program will begin in April and culminate in June with a Demo Day, where the class will present to an audience of venture capitalists and financial industry executives.
Since its founding in 2010, the Lab has assisted entrepreneurs from 99 technology companies. These program graduates have created more than 2,000 jobs and raised more than US$2.2 billion in venture financing, and 24 of them have been acquired.
FinSMEs
27/10/2022