NEW YORK – March 1, 2011 – A consortium of banks, venture investors and technology experts today announced eVOTZ, Inc. as a finalist in a competitive search for the nation's top financial technology innovators through the FinTech Innovation Lab, an annual program run by the New York City Investment Fund, the economic development arm of the nonprofit Partnership for New York City, the economic development arm of the nonprofit Partnership for New York City, and Accenture.
The Innovation Lab is an example of how New York will maintain its status as the world financial capital, in this case by investment in the next generation of financial technology companies. Entrepreneurs who are developing commercial technology products with potential applications in financial services, particularly mobile/wireless, data management and analytics, security and social media/collaboration tools, are invited to submit proposals. The chief technology officers and senior technology executives of Bank of America, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and UBS provided feedback to eVOTZ for further development and deployment.
"The FinTech Innovation Lab will capitalize on two of our City's economic strengths: our standing as a global center for financial services and our position as a place for entrepreneurship and technological innovation," said Deputy Mayor for Economic Development Robert K. Steel. "The Bloomberg Administration is committed to further cultivating New York City's innovative environment, particularly in high-growth areas, and the unique FinTech initiative will compliment and build on our efforts to attract and support new ventures."