Apply: New York

Applications for the FinTech Innovation Lab New York are now closed. Sign up to receive email notifications when applications open in 2024 and learn more about what to expect from our program below.

Who Should Apply

  • Early- and growth-stage technology companies with innovative solutions for financial institutions and insurance companies.
  • Non-fintech, growth-stage companies interested in serving financial services and insurance clients
  • Companies interested in collaborating with the Lab’s financial institution partners. Historically, companies in the Lab have ranged in stage from Seed to Series B.

There is no fee to apply.

Requirements

  • Companies with a solution that can be tested and deployed.
  • Proven track record of successfully integrating with customers.
  • If selected, core members of the company must participate virtually during New York working hours for the 3 months of the program (late March-late June).

Areas of Interest

In surveying the CTOs/CIOs of Lab’s partner organizations, the business priorities centered on a few major themes for financial institutions and insurance companies.

Specific areas of interest for fintechs and insurtechs are (but not limited to):

  • Generative AI: Advice/advisory services, underwriting and claims, call centers, content creation, cybersecurity, enterprise process support, code generation and governance tools;
  • Cybersecurity: Biometrics, quantum computing, insurance fraud management, regulatory compliance, risk management, security, third-party risk and vulnerabilities;
  • Data: Alternative and synthetic data, AI-based insights, extraction, new data sources, open banking, predictive analytics, transfer and data privacy, and unstructured data; 
  • Digital Client Engagement: Digital identity, digital wallet, customer experience, financial literacy tools, product customization, retention, and spatial computing (internet of things, augmented and virtual reality, digital twins);
  • Enterprise Operations: Dev-ops, digitalization, engineering solutions, IT operations tech, and process automation; 
  • Insurtech: Claims and underwriting, cyber solutions, emerging risk, life insurance, new insurance products, and property and casualty; 
  • Payments: Embedded finance, infrastructure modernization, new payment rails, and real-time/instant payments.

Solutions in these areas can incorporate Enterprise Architecture, NLP/ ML, Cloud Utilization, Gamification, Sustainability solutions (and more) across asset management, banking, capital markets, CFO/treasury, inclusion and diversity, insurance, talent management, trading, and other corporate functions.

While the above list are our partners stated priorities, if you are developing a new solution that is not on this list but relevant for financial services—and cutting edge—we welcome you to apply as well.

Frequently Asked Questions

Yes, you can still apply. However, you must have eligibility to work in the United States and/or obtain visas on your own. The FinTech Innovation Lab will not sponsor visas.

Yes, but you must disclose your affiliation on your application form.

Yes, you can apply to the program even if you have received funding. If you have, please be sure to include details regarding past rounds of financing.

Please note this concern in the “additional information” section at the end of the application along with the name of the firm with which there is a potential conflict. That firm(s) will not have access to your application during the initial review process. However, they will have access to the elevator pitch and basic corporate info (i.e. company name, address, contact).

The FinTech Innovation Lab New York focuses on early and growth-stage companies with at least a beta technology/product, especially those which will benefit from the senior access and relationships at the Lab’s fourteen participating financial institutions. We are also interested in growth stage companies that have a product being deployed outside financial services that are interested in entering the financial services vertical.

The program is hybrid, however, your company’s core team is required to attend all in-person events throughout the 12-week program.

There is no fee to apply.