New York FinTech Innovation Lab invites applications for 2017 program

New York’s seventh annual FinTech Innovation Lab, a 12-week program co-founded by Accenture and the Partnership Fund for New York City, is now accepting applications.

The program aims to help early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top bank and venture capital executives. It seeks to support entrepreneurs that are developing disruptive, pioneering technologies for the financial services sector, particularly in augmented/virtual reality; big data, analytics, including AI, machine learning and IoT-generated data; RegTech; security, including identity management, biometrics and fraud detection; blockchain; and cloud, among others.

Chief technology officers and senior technology executives from the 30 participating financial institutions, which include the likes of Citi, Credit Suisse, Barclays, JPMorgan Chase & Co, Morgan Stanley and others, will select up to eight of the applying fintech companies to participate in the Lab through a competitive process. Applicants must have at least a working beta version of their technology that is ready to be tested for either the institutional or retail market.

According to the official announcement, the Lab will partner the selected fintech entrepreneurs with senior-level bank executives and leading technology entrepreneurs, who will help them perfect and develop their technologies and business strategies through a series of workshops, panel discussions, user-group sessions, networking opportunities, one-on-one meetings, and presentations. The Lab, which begins in April 2017, will culminate in June 2017 with a Demo Day presentation by this year’s cohort to an audience of venture capitalists and financial industry executives.

Founded in 2010, the New York FinTech Innovation Lab has provided entrepreneurs from 39 technology companies with mentoring and access to more than 30 leading bank CEOs, CTOs, CIOs, venture capitalists and technology luminaries so far. Its success has led to the founding of three other FinTech Innovation Labs around the world -- the FinTech Innovation Lab London, the FinTech Innovation Lab Asia-Pacific in Hong Kong and the FinTech Innovation Lab Dublin.

Applications are available at www.fintechinnovationlab.com and are due by December 1, 2016. An information session will be held for applicants on November 7.