New York Innovation Center

The New York Innovation Center (NYIC) bridges the worlds of finance, technology, and innovation. Through technical research, experimentation, and prototyping, our team generates insights into high-value central bank-related opportunities, enabling stakeholders and the central bank community to enhance the functioning of the global financial system.

Housed within the New York Fed, we collaborate with the Federal Reserve System, the Bank for International Settlements (BIS) Innovation Hub, academia, and the private sector.

Learn More About NYIC

Opportunity Areas define our focus
The NYIC discovers high-value learning opportunities in six areas:
Future of Money
Exploring the potential for digital currencies to improve payments performance.

Financial Market Infrastructures
Advancing payments, clearing, settlement, and trading systems that move money and other financial assets between banks and non-bank financial institutions.
Open Finance
Understanding how bank and non-bank financial institutions leverage new business and operating models such as open banking, banking as a service, and decentralized finance.
Supervisory and Regulatory Technology
Using artificial intelligence, advanced data and analytics, and new operating models to support the banking community and regulators in promoting a safe, sound, and stable financial system.
Cyber Risk
Exploring opportunities to reduce cyber risk and mitigate related costs.
Climate Risk
Generating climate risk insights for the central bank community.
New York Innovation Center Related News
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