New York Innovation Center

The New York Innovation Center (NYIC) is a strategic partnership between the Federal Reserve Bank of New York and the Bank for International Settlements (BIS).

Objectives: To identify and develop insights on critical trends in financial technology and serve as a focal point for a network of central bank experts on innovation.

Venture development process: We work to validate, design, build and launch new products and services for the central bank community.

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Opportunity Areas define our focus
Opportunity areas are the themes informing NYIC activities. They are key trends driving change and
disruption in the central bank community. Our opportunity areas and delivery solutions include:
Supervisory and Regulatory Technology
Artificial intelligence, advanced data and analytics, and new operating models will advance capabilities such as anti money laundering, know your customer, fraud detection, and reporting generating cost, compliance, and risk benefits.
Financial Market Infrastructures
Advancing retail and wholesale payments, clearing, settling, and trading systems that move money, and other financial assets between banks and financial institutions.
Future of Money
Digital currencies have the potential to increase financial inclusion, promote equitable growth, and improve payments performance.

Open Finance
Designing new central bank engagement models with bank and nonbank financial institutions, leveraging new business and operating models such as open banking, banking as a service, and decentralized finance.
Climate Risk
Leveraging unique system and sector data and advanced analytics to generate climate risk insight for the central bank community and the private sector.
Innovation Center News
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