In order to accelerate the pace of innovation in financial technology, Accenture and the Partnership
Fund for New York City, the economic development arm of the Partnership for New York City, cofounded the FinTech Innovation Lab in 2010 with the support of a dozen leading financial services
industry CTOs. The Lab has created a new venue that gives top tech entrepreneurs direct access to
Wall Street’s IT leaders, and enables financial industry leaders to engage in the latest innovations
from around the country and around the world, while contributing to the development of New York’s
The logic of seeding a “fintech” ecosystem in the back yard of the world’s leading financial center is
clear. New York City’s commitment to growing its tech sector, and Wall Street’s strong IT workforce
and focus on reinventing itself for a ‘new normal’ creates a fertile ground for tech entrepreneurship,
venture investment, and innovation.
CB Insights’ latest data suggests this idea is gaining momentum. Not only is venture investment in
the fintech sector on the rise globally, but 2013 is on track to be one of the best years yet for fintech
in New York. As we complete the third year of our Lab and round the corner to our next call for
applicants this fall, we are encouraged by the investment growth in fintech and look forward to the
innovations it will yield in the years to come.
President & CEO
Partnership Fund for New York City
Global Managing Director, Capital Markets
The FinTech Innovation Lab is an annual program run by the Partnership Fund for New York City and
Accenture for early and growth stage companies that have developed cutting edge technology products
targeted at financial services customers.
The Partnership Fund for New York City, the economic development arm of the business organization
Partnership for New York City, is a $110 million civic-minded investment fund dedicated to help build a
stronger and more diversified local economy for New York City.
Accenture is a global management consulting, technology services and outsourcing company, with
approximately 266,000 people serving clients in more than 120 countries. Combining unparalleled
experience, comprehensive capabilities across all industries and business functions, and extensive
research on the world’s most successful companies, Accenture collaborates with clients to help them
become high-performance businesses and governments.
CB Insights is a National Science Foundation-backed data company building predictive algorithms that
provide forward looking intelligence on corporate strategy, emerging technology trends and M&A.