Charting New York’s Fintech Future Between 2017 and 2018, investments in New York fintech companies nearly doubled from around $1.8 billion to more than $3.4 billion. With financial services directly employing 340,000 New York City employees and contributing about $8 billion annually to the city in taxes, it is imperative that New York leads in…
Q&A with Stu Ellman As a VC participating in the FinTech Innovation Lab, how do you work with the companies that participate in the program? How do you see your role as different from the financial services companies? At RRE, we see our role as mentoring companies in the program as they think about…
By Maria Gotsch This week we selected finalists for the FinTech Innovation Lab to present to our partner financial institutions. Their success will be determined, in part, by how well they address the considerations that are top of mind for CIOs and CTOs, who are usually very interested and hopeful that new innovations are both…
By Hicham Oudghiri, Founder & CEO, Enigma My company, Enigma, was selected as one of six startups to take part in the Fintech Innovation Lab’s 2014 class. The experiences we had and the people we met during our weeks in the program gave us an incredible launchpad to reach the financial services industry with our…
Over the past four years, our company, Kasisto, has established our platform, KAI, as a leader in Conversational Artificial Intelligence (AI) for the finance industry—powering virtual assistants that drive business results and delight customers. We have signed up heavyweight clients such as DBS, JP Morgan, Mastercard, Wells Fargo, Standard Chartered, and TD Bank, and have…
By: Maria Gotsch, President & CEO of the Partnership Fund for New York City and Co-founder of the FinTech Innovation Lab. Each year before we open applications for our FinTech Innovation Lab, we survey senior technology executives at our 43 partner financial institutions. We ask them to identify areas where they are actively looking for…
Program helps innovative financial technology entrepreneurs accelerate growth and solidifies New York City’s leadership position as fintech hub NEW YORK; Oct. 18, 2018 – Applications are now being accepted for 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…
Author: Jonah Crane, FinTech Innovation Lab Regulator in Residence; Former Deputy Assistant Secretary, Financial Stability Oversight Council, United States Treasury Department. — The U.S. Treasury Department last week released a report on nonbank financial services, with a particular focus on FinTech innovation. The report was just that–a paper with no legal or regulatory status. But…
By Maria Gotsch At the Demo Day for our FinTech Innovation Lab last week I suggested a second definition for “fintech” and “insurtech”: externalized research & development for financial services. Although the definition for fintech in the online Oxford dictionary is correct, this new one better captures the reality of what is happening between emerging…
Lab created by Accenture and Partnership Fund for NYC continues to accelerate adoption of innovative technologies in New York City, including artificial intelligence, internet of things and virtual reality NEW YORK; June 21, 2018 – Eleven emerging technology companies will debut their innovations at the FinTech Innovation Lab New York’s Demo Day today at…