The FinTech Innovation Lab New York, launched by Accenture and the Partnership Fund for New York City in 2010, is celebrating its 15th year by introducing 11 new fintech companies. This 12-week program helps early and growth-stage fintechs enhance their products and business strategies. Over the years, the lab has supported 119 companies, leading to the creation of over 3,000 jobs and almost $3 billion in venture funding. The 2025 cohort focuses on using AI to improve business efficiency and tackle challenges in compliance and security. Participants will showcase their advancements at a Demo Day at BNY in June, demonstrating innovative solutions to transform the financial services industry.
Founded in 2010, the FinTech Innovation Lab New York celebrates its 15th anniversary by announcing its latest cohort of eleven fintech firms. Run by Accenture, a leading digital service provider, and the Partnership Fund for New York City, this 12-week program is designed to help early- and growth-stage fintechs accelerate their product and business development.
The FinTech Innovation Lab has a remarkable track record, having supported entrepreneurs from 119 technology companies. Graduates of the program have created over 3,000 jobs and raised nearly $3 billion in venture capital since its inception. With creative strategies and innovative technologies, participants this year are focusing heavily on AI applications to enhance productivity and automate workflows.
Steve Murphy from Accenture highlighted that AI remains a top investment priority in financial services. The selected fintechs are applying agentic AI to streamline operations, tackle risk and compliance, and modernize technology.
Among the participants, companies like ANCHAIN.AI and DeepSee.ai focus on enhancing compliance and operational efficiency in financial transactions through AI-driven solutions. Other firms, such as Bloop and Palqee, are focused on technology modernization and real-time monitoring to improve decision-making and regulatory compliance.
As the program concludes in late June, the firms will present their progress to industry leaders during Demo Day at BNY’s Manhattan office. Maria Gotsch, co-founder of the lab, emphasized the importance of real-world application for cutting-edge technologies, noting the program’s role in maintaining New York City’s status as a global fintech hub.
Overall, the FinTech Innovation Lab New York continues to be a vital platform for fostering innovation in the financial technology sector.
Primary Keyword: FinTech Innovation Lab New York
Secondary Keywords: AI in financial services, fintech firms, product development
What is the FinTech Innovation Lab New York?
The FinTech Innovation Lab New York is a program that helps early-stage financial technology companies grow. It connects them with top banks and financial institutions to refine their ideas and develop their businesses.
How long has the FinTech Innovation Lab been operating?
The FinTech Innovation Lab has been running for 15 years. Over this time, it has helped many startups thrive in the financial technology sector.
What does the latest cohort of startups focus on?
The latest cohort features companies that tackle various financial challenges. They work on innovations in areas like payment solutions, risk management, and customer engagement.
What support do startups receive in the program?
Startups in the program get access to mentorship from industry experts, valuable networking opportunities, and feedback from leading financial firms. This support helps them sharpen their products and strategies.
How can startups apply to join the FinTech Innovation Lab?
Startups interested in joining can apply through the official website. The application process typically includes submitting a business plan and meeting certain criteria to ensure they fit the program’s goals.