FinTech Innovation Lab New York for early- to growth-stage fintech startups

Application Deadline: December 1, 2017.

The FinTech Innovation Lab is a highly competitive, 12-week program that helps early- to growth-stage enterprise technology companies refine and test their value proposition with the support of the world’s leading financial service firms.

New in 2018, we’re launching an InsurTech track to bring emerging solutions to an expanded list of insurance partners and provide insurtech entrepreneurs with the guidance that will take their technologies from nice-to-have to mainstays within the industry.

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 clients

Requirements

  • Companies with at least a beta version of their technology and proven track record of successfully integrating with customers
  • If selected, at least two members of the company must relocate to New York City for the duration of the program

We are open to innovative B2B or B2B2C models in fintech and insurtech. Specific areas of interest in fintech are (but not limited to):

  • Data analytics, including use of alternative data sources, IoT-generated data, and visualization tools
    • Artificial intelligence/machine learning-driven
  • Blockchain technology for smart contracts
  • Digital client engagement tools (for domestic and international customers & in-house advisors), including gamification, planning and profiling tools
  • Employee engagement and human resources tools, including collaboration tools that account for regulated environments
  • Enterprise DevOps and multichannel deployment, including management of open source data at scale
  • New credit and underwriting tools
  • RegTech, including risk management and compliance
  • Security, including solutions for identity management and fraud detection, such as biometrics
  • Virtual reality and augmented reality
  • Disruptive financial services models
  • Wealth management tools

We’re also looking for insurtech companies that:

  • Leverage new data sources for underwriting and claims such as data from sensors/IoT, social media, drones, and wearables
  • Apply artificial intelligence such as natural language processing, machine learning or image processing to the underwriting or claims process
  • Enable new distribution models through customer or agent engagement tools
  • Automate business processes
  • Develop new products (usage-based insurance, simple/ modular products to small businesses, outcomes-based products to employers)
  • Use distributed ledger/blockchain for insurance
  • Tackle core infrastructure tools (cyber security, cloud enabling)
  • Address emerging and underserved risks (cyber, flood, bitcoin and other specialty lines)
  • Disrupt insurance models (e.g., alternative distribution channels, benefit market places, platforms to provide insurance at point of sale, new affinity models)
Info Session
Learn more about the FinTech Innovation Lab at our upcoming info session at WeWork Times Square.

November 8, 2017
5:30 – 6:30 p.m.
Register

For More Information:

Visit the Official Webpage of the FinTech Innovation Lab New Yorkfintechinnovationlab.com/new-york/

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