Ten emerging technology companies have been selected to participate in the 2022 FinTech Innovation Lab New York, setting them up for a 12-week program working with financial services and venture capital executives.

This year’s participants, selected from nearly 200 applicants globally, are focused on key issues, including sustainable investments and meeting ESG (environmental, social and governance) outcomes, transparency around cryptocurrencies, and security and compliance risks. One deals with carrier/agency relations; another with loans for emergency needs; and another with real-time analytics for fleet insurers and brokers.

The firms use technologies such as artificial intelligence (AI), machine learning (ML), cloud, blockchain and advanced data analytics.

The 12-week program was founded and run by Accenture and the Partnership Fund for New York City to help early- and growth-stage techs accelerate product and business development by collaborating with top financial services and venture capital executives.

The 2022 Innovation Lab New York participants are:

Coverforce (New York) – which partners with national property/casualty carriers to standardize their distribution application programming interfaces (APIs) and build customized platforms for Independent Agency Networks, strengthening the carrier/agency relationship.

Draivn (Den Haag, Netherlands) – this platform collects data from any telematics or Internet of Things devices that transportation fleets are equipped with and converts it into real-time analytics for fleet insurers and brokers.

Evercity (Berlin) – this blockchain-based sustainability measurement and investment platform automates issuance, management and monitoring of sustainable finance.

Ion Channel (Alexandria, Va.) – a software supply chain management platform that identifies and monitors third-party security risk from software suppliers (vendors, outsourced app developers, contractors, and open source).

LeapXpert (New York) – this platform creates an accessible digital record of all business interactions carried out over mobile messaging applications, giving organizations peace of mind that their data will be secure and meet compliance requirements.

Mark Labs (New York) – this AI/ML stewardship platform helps asset managers define impact metrics, engage with investors and portfolio companies, and link their capital allocations to the pursuit of real-world ESG outcomes alongside targeted financial returns.

Messari (New York) – a market intelligence platform that provides in-depth crypto market research, analysis, data, diligence tools and more for crypto business professionals.

Railz (Toronto) – an API that provides financial institutions and fintechs with instant, real-time access to their business customers’ financial data from different sources (accounting, banking, tax, e-commerce) to make better data-driven decisions.

SoLo Funds (Los Angeles) – an on-demand marketplace that allows members to request and fund loans for emergency needs, providing an equitable, community-driven lending alternative.

Straylight Systems (New York) – an AI solution that automatically creates secure software code that is trustworthy and reliable.

The lab will conclude with the 10 companies delivering in-person presentations on their progress to executives across the banking, insurance, capital markets and venture capital sectors on June 23.

The lab’s 89 alumni companies have raised $1.8 billion and created more than 1,500 jobs after participating in the program, and 22 of those companies have since been acquired, according to the sponsors.

“We are excited to see how this competitive class of fintechs and InsurTechs will contribute to our city’s recovery and create a more inclusive and innovative economy,” said Maria Gotsch, president and CEO of the Partnership Fund for New York City and co-founder of the FinTech Innovation Lab New York.