NEW YORK; Mar. 27, 2025 – Eleven emerging technology companies have been selected to participate in the 2025 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.
Much of this year’s class notably focuses on agentic AI applications — architecture that employs AI agents to orchestrate and automate complex business workflows to enhance productivity, decision-making, and overall operational efficiency. Others in the class offer AI- and machine learning-enhanced technology modernization strategies, along with risk, compliance, and security solutions.
The 2025 FinTech Innovation Lab New York participants are:
- ANCHAIN.AI (San Jose, CA) – an agentic AI platform that helps financial institutions investigate financial crime, enhance compliance and prevent fraud in digital asset transactions and beyond.
- Bloop (London) – a company providing AI-powered legacy systems modernization, with an initial focus on mainframe and midrange systems to cloud migration.
- Cardo AI (New York) – a portfolio modeling and data platform that helps asset managers and other financial institutions to manage unstructured data, model cash-flows of assets and liabilities, and increase risk-adjusted returns for asset-backed and private credit investments.
- DeepSee.ai (Salt Lake City) – a company that builds AI agents that help financial services firms eliminate regulatory risk, streamline operations and enhance client interactions.
- Feathery (San Francisco) – a company that builds AI-powered data and document intake workflows for financial institutions to streamline commercial underwriting and client onboarding.
- IronVest (New York) – a cross-channel fraud prevention platform that fuses user identity with intent to eliminate account takeovers, scams, first-party fraud, and onboarding threats.
- Lyzr (Jersey City, NJ) – an agent infrastructure platform enabling enterprises to securely build, deploy, and manage production-grade AI agents with built-in responsible AI guardrails.
- Multimodal (New York) – an AI-powered automation platform that configures, deploys and manages digital agents for middle and back-office roles in finance and insurance.
- Palqee (New York) – a real-time AI monitoring company that helps organizations in regulated industries detect risks, uncover biases, and ensure regulatory compliance in AI-driven decision-making.
- Runhouse (New York) – a developer platform that simplifies machine learning experimentation and deployment, allowing engineers to scale models seamlessly on cloud infrastructure.
- Wellthi (Arlington, VA) – a financial technology company that embeds social and AI-driven banking features into mobile apps to help institutions attract and retain younger customers.
Steve Murphy, Accenture’s Financial Services industry solutions lead and executive sponsor of the FinTech Innovation Lab New York, said: “AI remains a top investment priority in financial services, with agentic AI emerging as a powerful tool for institutions to simplify complex workflows and streamline operations. The 2025 class is bringing creative approaches to critical enterprise functions, applying agentic AI and other tools to risk and compliance, cybersecurity, and technology modernization. Selected by top investors and industry leaders, their solutions are designed to tackle perennial business priorities in new ways — from enhancing customer acquisition and retention to optimizing portfolio management and improving underwriting.”
Maria Gotsch, president and CEO of the Partnership Fund for New York City and co-founder of the FinTech Innovation Lab New York, said, “Fifteen years in, the FinTech Innovation Lab continues to be a proving ground for cutting-edge companies to apply their technology in the real-world. By working directly with leadership at New York City’s financial institutions to test and refine their value proposition, this year’s cohort has the opportunity to show how AI-driven tools can unlock efficiency, enhance decision making, and reinforce New York City’s status as a global fintech leader.”
The lab will conclude with the 11 companies delivering in-person presentations on their progress to executives across the banking, insurance, capital markets and venture capital sectors in late June for Demo Day at BNY’s Manhattan office.
Cathinka Wahlstrom, chief commercial officer at BNY and co-founder of the FinTech Innovation Lab New York, said, “The diverse companies in this cohort are bringing truly innovative thinking to the next generation of technology-driven solutions for the financial services industry, from a Salt Lake City-based fintech focused on building AI agents to help firms strengthen their approach to regulatory risk and client interactions to a company in Virginia that’s using AI within mobile apps to help firms attract younger clients. At BNY, we expect AI will become part of virtually every product or service we deliver, and I look forward to seeing these inspiring entrepreneurs bring their products to life at Demo Day at BNY.”
Since its founding in 2010, the FinTech Innovation Lab New York has assisted entrepreneurs from 119 technology companies. These program graduates have created more than 3,000 jobs and raised more than US$2.98 billion in venture financing, and 31 of them have been acquired.
The full list of participating financial institutions and venture capital partners can be found here.