The FinTech Innovation Lab New York is now accepting applications for its 12-week program 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 industry, including 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 must be submitted by December 1.
This year’s Lab is looking for companies that utilize innovative technologies in eight main areas:
- Data: Alternative and synthetic data, predictive analytics, artificial intelligence (AI) based insights, unstructured data, new data sources, fraud management in insurance and data protection;
- Digital client engagement: Customer acquisition and retention; product customization; and experience personalization;
- The future of work: Talent acquisition, onboarding, engagement and retention; virtual and hybrid experiences;
- Inclusion and diversity: Economic Wellbeing and Inclusion (U- and Under-Banking) 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 trade, 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 investments; and educational solutions.
The program starts in April and culminates in June with a demo day, where the class will present to an audience of venture capitalists and financial industry executives.
Since its foundation in 2010, Lab has assisted entrepreneurs from 99 technology companies. These program graduates have created more than 2,000 jobs and raised more than $2.2 billion in venture funding, 24 of which have been acquired.
FinSMB
27/10/2022
