Financial Services and Insurance

New York is Leveraging Technology to Drive Innovation

The world’s most successful financial services, insurance companies and fintech firms call New York State home

New York is a global financial capital — home to many of the world’s leading commercial banks, investment banks, and insurance companies. The state is thriving as these industries evolve, and we are the location of choice for fintech, insurance-tech, and blockchain businesses such as PolicyGenius, Brex, MasterCard, BetterMortgage, Oscar and Zipari.

 From front-office executive, quantitive analytics, trading and client relationship offices to back-office IT infrastructure, claims processing, and technical support operations, New York has the workforce and infrastructure to make businesses successful.

Employee working on multiple computer monitors.

New York State’s highly educated workforce and low operating costs have attracted world-class companies like Equitable, GEICO, BNYMellon, Travelers Insurance, Chase and Citi to establish professional back-office operations throughout upstate New York.

Stocks displayed on a screen on a trading floor

New York is top-ranked in fintech—home to 1,455 active fintech startups, including 23 that have reached the unicorn status of a $1 billion or more private valuation. In 2021, NYS fintech companies completed 528 VC deals which involved $26.2B worth of capital investment. 

Financial Services and Insurance in New York State

Discover why New York State is the ideal place to launch or expand your business.

Industry Contact

For press inquiries, please contact [email protected]

Steve Gold
Vice President, Industry Development; Financial Services & Insurance