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Accenture, Partnership Fund for NYC and Leading Banks Call for Applicants for New York FinTech Innovation Lab 2016

NEW YORK--(BUSINESS WIRE)--Applications are now being accepted for New York’s sixth annual FinTech Innovation Lab, a 12-week program co-founded by Accenture (NYSE:ACN) and the Partnership Fund for New York City that helps early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top bank and venture capital executives. Applications are available at"> and are due by Dec. 3.

“The FinTech Innovation Lab is a fast-track program for start-ups in the financial services industry that positions participants directly in front of the right customers”

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The FinTech Innovation Lab is a program for entrepreneurs that are developing cutting-edge and disruptive technologies for the financial services sector – particularly in the areas of big data, analytics and cognitive computing; security and identity management; risk management and compliance; digital marketing and social media tools; cloud enabling technologies; payments; blockchain technology; talent management; and, Internet of Things applications. Chief technology officers and senior technology executives from 15 participating financial institutions will select six of the applying fintech companies to participate in the Lab through a competitive process.

Applicants must have at least a working beta version of their technology that is ready to be tested for either the institutional or retail market. The Lab, which begins in April 2016, will partner the chosen fintech entrepreneurs with senior-level bank executives and leading technology entrepreneurs, who will help them fine-tune and develop their technologies and business strategies through a series of workshops, panel discussions, user-group sessions, networking opportunities, one-on-one meetings and presentations. The Lab culminates in June 2016 with a Demo Day presentation by all six participants in front of an audience of venture capitalists and financial industry executives.

The Lab continues to introduce new, leading-edge fintech companies to top banks and insurers to help push them into open innovation. According to a report issued by Accenture and the Partnership Fund for New York City in June, the value of fintech investments in the United States nearly tripled last year, to $9.89 billion from $3.39 billion in 2013. In New York, fintech deal values grew by 32 percent in 2014, to a new high of $768 million, with 42 percent...