Fintech boot camps, accelerators, demo days, and hackathons are a dime a dozen these days.
But one of the longest running and best, in my view, is the New York FinTech Innovation Lab, a boot camp of sorts for fintech companies that was founded by Accenture and the Partnership Fund for New York City seven years ago. Thirty-five banks, including Bank of America, Capital One, Credit Suisse and Wells Fargo, participate. Every summer, they choose eight startups whose teams spend 12 weeks embedded with senior executives at the banks, learning about their problems and tech needs and honing their strategy for selling into the financial services market. On Thursday, the lab hosted a demo day for the startups.
DemystData CEO Mark Hookey calls his company “data janitors.” Its software helps clean and structure data, and helps discover what data matters. It could be used to lets thin file customers get products they wouldn’t otherwise be able to get.
Read the full piece on American Banker