“BNY Mellon will remain a New York-headquartered institution and consolidate approximately 1,100 great jobs in Lower Manhattan, thanks to the bank’s historic commitment to the city as well as Governor Cuomo’s pro-business initiatives and the exceptional real estate opportunity offered by Brookfield Properties. This demonstrates that the value proposition in New York City as the center of the global financial industry remains strong, despite growing competition from other localities.”
Enigma, Kasisto, LMRKTS, pymetrics, RevolutionCredit, Standard Treasury Chosen for Top-Level New York-Based Technology Mentoring Program
NEW YORK; June 26, 2014 — Leading-edge mobility, data analytics and credit risk solutions were among the six technology innovations demonstrated for top financial services, venture capital and technology executives at the fourth annual FinTech Innovation Lab Demo Day in New York today. The Lab is a 12-week mentoring program created by Accenture (NYSE: ACN) and the Partnership Fund for New York City and supported by more than a dozen of the world’s leading financial institutions to promote financial services technology (“fintech”) innovation and high tech job growth in New York City.
New York is the fastest growing market for financial-technology ventures in the US; investment is set to double by 2018
NEW YORK; June 26, 2014 – New York’s most promising opportunity for technology leadership could lie in financial services, according to a new report by Accenture (NYSE: ACN) and the Partnership Fund for New York City. Deals and investments in New York’s financial technology, or so-called “fintech”, venture sector have been growing at twice the rate of Silicon Valley since 2008. The report says the trend is accelerating innovation among New York’s global financial institutions.
“Moody’s rating upgrade is a reflection of the achievements of Governor Cuomo and the legislature in putting the state’s fiscal house in order. This is the payoff from working hard to impose spending restraint and investing in economic growth.”
The Partnership for New York City today announced the hiring of Kimberly Spell as Executive Vice President of Communications. In this role, Kimberly will oversee internal corporate communications, external media affairs, and strategic marketing.
“Kimberly brings deep knowledge of the city and has made a huge contribution to building its global brand. Her understanding of how to build and maintain effective public-private partnerships will be invaluable to our work,” said Partnership for New York City President and CEO Kathryn Wylde.
“Congratulations to Mayor de Blasio and UFT President Michael Mulgrew for negotiating a responsible new contract that recognizes both the fiscal constraints facing the city and the importance of increased support for teachers and greater flexibility in work rules and regulations.
The Partnership for New York City, through the NYC Jobs Blueprint initiative, posted a blog item today tracking the rapid growth in New York City’s high tech sector. Some of the key findings include:
- NYC’s high tech employment has grown by 21% since 2006, nearly twice as fast as the nation’s 12% growth.
- 27% of NYC’s tech workers are employed by financial services firms – nearly 40,000 tech professionals.
- Tech jobs in NYC’s healthcare sector have expanded by 90%.