NYIC Mission

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).

As a strategic partner, the NYIC works alongside the BIS Innovation Hub and the BIS in pursuit of common goals. The NYIC aims to:

This collaborative relationship leverages best practices, research, and subject matter expertise to support innovation in central banking.


mission statement

The NYIC provides an innovation execution capability: We develop opportunities from concept to in-market solution to enhance the functioning of the global financial system, using methodologies and best practices that optimize for customer and business needs, increase speed to market, and manage risk.

"Creativity is thinking up new things. Innovation is doing new things." —Theodore Levitt
Our work is based on the venture development process
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