The FinTech Innovation Lab backed by consultants Accenture will pick six entrepreneurs after the competition closes at the end of January.

Management consultant Accenture has partnered with the $110m New York City Investment Fund, the economic development unit of a non-profit organisation for the metropolis, to set up a seed programme for financial services technology start-ups.

The FinTech Innovation Lab will pick six entrepreneurs after the competition closes at the end of January. The six will then start a 12-week incubation in May with mentoring by senior technology executives at banks Bank of America, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank,…