Founded in 2010, the FinTech Innovation Lab New York, a 12-week programme founded and run by Accenture, the digital service provider, and the Partnership Fund for New York City, helps early- and growth-stage fintechs accelerate product and business development. Marking its 15th year, the latest 11 firms selected to take part in the programme have been announced.
The FinTech Innovation Lab New York has assisted entrepreneurs from 119 technology companies. Since 2010, these programme graduates have created more than 3,000 jobs and raised more than $2.98billion in venture financing. Thirty-one of them have also been acquired.
Looking to help firms through in-depth engagement from top financial services and venture capital executives, this year, many of the selected participants have focused on agentic AI applications. A lot of the class participants are working on 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 modernisation strategies, along with risk, compliance, and security solutions.
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 optimising portfolio management and improving underwriting.”
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 modernisation, 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 (San Francisco) – a real-time AI monitoring company that helps organisations 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.
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.
Unlocking efficiency with AI
Maria Gotsch, president and CEO of the Partnership Fund for New York City and co-founder of the FinTech Innovation Lab New York, said: “15 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.”
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.”
