Ten emerging technology companies have been selected to participate in the 2023 FinTech Innovation Lab New York, a 12-week program founded and run by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintechs accelerate product and business development through in-depth engagement with top financial services and venture capital executives.
This year’s participants, selected from more than 200 applicants globally, are focused on some of the industry’s most important issues — including cybersecurity, risk, sustainability, and the use of AI and data and analytics to improve the customer experience and business outcomes.
The 2023 FinTech Innovation Lab New York participants are:
- 55/Redefined (London) – whose platforms enable businesses to attract, engage and retain employees and customers 55 years and older.
- Argus Inc (New York) – whose employee trade compliance software for crypto helps combat insider trading, front-running, and conflicts of interest.
- bfore.ai (Montpellier, France) – whose predictive cybersecurity solution can predict threats weeks in advance of an attack and block them before any attack is made.
- billy (New York) – whose solution gives construction contractors a single place to collect, track and purchase insurance.
- Breakthru (New York) – whose platform pays students to learn about companies’ opportunities/services and then spend through their first digital wallet.
- Diveplane (Raleigh, NC) – which helps businesses solve data availability problems by generating synthetic data that is private, fully auditable and usable for any task.
- Jaid (London) – whose AI-powered solution reads, interprets and manages human communications to automate mundane tasks and resolve customer queries.
- Lab 1 (London) – whose data contextualization and reporting tool can analyze compromised data and offer real-time alerts and impact summaries for data incidents.
- Responsive AI (Vancouver) – whose platform aggregates existing and new data sources to help wealth managers detect revenue opportunities and compliance risks and provide personalized client advice and engagement.
- Spiral (New York) – whose platform helps financial institutions amplify customer engagement and retention by embedding sustainability, social impact, and ESG solutions into their existing product offerings.
“Now in its 13th year, the New York Lab remains a critical connection point between fintechs and leading financial services institutions, fostering collaboration and innovation,” said David Treat, a senior managing director at Accenture and co-chair of the FinTech Innovation Lab New York. “We welcome this year’s class and are eager to help them refine, test and scale their solutions, working alongside our industry partners. Through innovative technologies, these fintechs and insurtechs are reimagining how the financial services industry operates and the experiences it can deliver to customers.”
Maria Gotsch, president and CEO of the Partnership Fund for New York City and co-founder of the FinTech Innovation Lab New York, added: “With New York as a leading global financial center, this new cohort of companies will collaborate with the world’s biggest financial service firms to address top technology priorities while prioritizing compliance, improving the customer experience and helping create a stronger, more secure financial system for both national and regional economies.”
The lab will conclude with the 10 companies delivering in-person presentations on their progress to executives across the banking, insurance, capital markets and venture capital sectors in late June.
Since its founding in 2010, the FinTech Innovation Lab New York has assisted entrepreneurs from 99 technology companies. These program graduates have created more than 2,500 jobs and raised more than US$2.5 billion in venture financing, and 24 of them have been acquired.
The full list of participating financial institutions and venture capital partners can be found here.