The Partnership for New York City Fund and Accenture (NYSE:ACN) announced the search for top financial technology innovators who will work with global financial institutions to bring their ideas to market in the nation’s financial capital. Winning companies will be part of the FinTech Innovation Lab, a 12-week program that helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives. Applications are available at www.fintechinnovationlab.com and are due by December 19, 2012.
The FinTech Innovation Lab is entering its third year of operation. Since 2010, it has provided a dozen technology entrepreneurs with mentoring and access to more than 30 leading bank CEOs, CTOs, CIOs, venture capitalists and technology luminaries. The six companies in last year’s program deployed 20 proofs-of-concept at participating financial institutions.
The Lab provides an opportunity for leading financial institutions to help develop potentially game-changing technologies within their field. It is supported by Ally Financial, American Express (NYSE: AXP), Bank of America (NYSE: BAC), Barclays (LSE: BARC), Capital One (NYSE: COF), Citigroup (NYSE: C), Credit Suisse (VX: CSGN), Deutsche Bank (Xetra: DBK), Goldman Sachs (NYSE: GS), JP Morgan Chase (NYSE: JPM), Morgan Stanley (NYSE: MS), New York Life, State Street Corporation (NYSE: STT), and UBS (VX: UBSN). Supporting venture firms include Bain Capital Ventures, Contour Venture Partners, Rho Ventures, RRE Ventures, and Warburg Pincus.
“In its first two years, the FinTech Innovation Lab has been uniquely successful in providing early- and growth-stage fintech companies with unprecedented access to some of New York City’s most important financial institutions,” said Maria Gotsch, President and CEO of Partnership for New York City Fund. “As a direct result of this engagement, the fintech companies from past programs are expanding their NYC operations and creating jobs. We look forward to reviewing the next round of applicants for the third installment of the FinTech Innovation Lab.”