April 07, 2021

10 Tech Companies Selected for 11th Annual FinTech Innovation Lab New York, run by Accenture and Partnership Fund for New York City

Fintech solutions leverage artificial intelligence and data analytics to address key industry challenges including sustainability

Fintechs will receive advice from senior executives at the world’s leading financial institutions

NEW YORK; April 7, 2021 – Ten emerging technology companies have been selected to participate in the 2021 FinTech Innovation Lab New York, a 12-week program founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City that helps early- and growth-stage enterprise tech companies 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 applications across the globe, are helping financial institutions address key societal challenges, including managing climate risk, operating more sustainably, and developing improved digital products for customers. Their solutions use technologies such as artificial intelligence (AI), machine learning and advanced data analytics.

The 2021 FinTech Innovation Lab New York participants are:

Selected by senior technology executives from the Lab’s 44 participating financial institutions, the 10 fintech companies will spend the next 12 weeks receiving intensive product and business-development advice, as well as mentoring, from senior executives in the financial, technology and venture capital sectors. Due to the COVID-19 pandemic, the Lab will again be conducted virtually this year. The Lab has helped position New York City as a hub for fintechs and financial innovation, and as the city looks to recover from the economic impact of the pandemic, many of the fintechs’ solutions can help it emerge stronger.

“We’re excited about the innovation this competitive class of fintech companies is bringing to New York City,” said Maria Gotsch, president and CEO of the Partnership Fund for New York City, and co-founder of the FinTech Innovation Lab. “The Lab has spurred fintech’s growth in New York over the past 11 years, turning the city into a hub for talent and innovation, and now the industry is poised to play a major role in its recovery.”

David Treat, a managing director in Accenture’s Financial Services group and co-chair of the FinTech Innovation Lab New York, said, “We welcome this year’s class to the New York Lab and look forward to providing our mentorship and guidance as the companies refine their solutions. Digital innovation within financial services skyrocketed during the COVID-19 pandemic, and fintechs have truly led the way. Their ability to apply technology innovation in a focused, creative and unencumbered manner can help power new business models for financial services and address key societal issues, including climate change and the future of work.”

Rick Barto, a managing director in Accenture’s Insurance industry group, said, “We continue to see disruption and disintermediation across the insurance value chain, and the insurtechs in this year’s program continue to push the boundaries with their technology solutions. We look forward to seeing their progress when the program concludes.”

The 10 companies in this year’s FinTech Innovation Lab New York will highlight the progress they have made with the financial institution partners in a virtual presentation on June 24 to executives across the banking, insurance, capital markets and venture capital sectors.

Executives from the following participating financial institutions provide mentorship and assistance to the Lab: AIG; AllianceBernstein; Ally Financial; American Express; Aon; AQR Capital Management; AXA XL; Bank of America; Barclays; BlackRock; BNP Paribas; BNY Mellon; Capital One; Chubb; CIT; Citi; Credit Suisse; Deutsche Bank; Fidelity Investments; Global Atlantic; Goldman Sachs; Guardian Life; JPMorgan Chase; KeyBank; Marsh McLennan; Mastercard; Morgan Stanley; New York Life; NFP; Prudential Financial; Rabobank; RBC Capital Markets; Société Générale; Sumitomo Mitsui Banking Corporation; Synchrony; The D. E. Shaw group; The Hartford; The Travelers Companies, Inc.; TIAA; U.S. Bank; UBS; USAA; Wells Fargo; and Zurich North America.

Supporting venture-capital firms include: Anthemis; Bain Capital Ventures; Canaan; Canapi Ventures; Contour Venture Partners; FinTech Collective; Nyca Partners; Oak HC/FT; Rho Ventures; RRE Ventures; and Warburg Pincus.

About the FinTech Innovation Lab
The FinTech Innovation Lab is a 12-week accelerator program to provide early- and growth-stage fintech companies with access to the world’s leading financial institutions. Founded in 2010 by the Partnership Fund for New York City and Accenture, the Lab partners with 44 leading financial services firms to offer fintechs unparalleled mentorship and feedback. The Lab has helped establish New York as a fintech leader while growing technology jobs in the New York area. The Lab’s 79 alumni companies have raised $1.4 billion and created more than 1,200 jobs after participating in the program, and 18 of those companies have since been acquired.

About the Partnership Fund for New York City
The Partnership Fund for New York City is the $170 million investment arm of the Partnership for New York City, New York’s leading business organization. The Fund’s mission is to engage the City’s business leaders to identify and support promising entrepreneurs — in both the for-profit and nonprofit sectors – to create jobs, spur new business and expand opportunities for New Yorkers to participate in the City’s economy. As an “evergreen” fund, realized gains are continuously reinvested. The Partnership Fund Board is led by co-chairs Tarek Sherif and Sanjay Swani. Maria Gotsch, president and CEO, leads the team. More information about the Fund can be found at www.partnershipfundnyc.org/.

About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.

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Michael McGinn
+1 917 452 9458

Melissa Volin
+1 267 216 1815

Natasha Avanessians
Partnership for New York City

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