Financial Services and Insurance

New York is Leveraging Technology to Drive Innovation

Contact James Kostenblatt
Industry Contact Regional Director James Kostenblatt
exterior of Bilt HQ in NYC

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

exterior of Bilt HQ in NYC

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, with a growing number of fintech, insurtech, and blockchain businesses choosing to land and grow here.  

A wide range of financial technology companies are thriving in New York State, including: Bilt, Broadridge, CapitalRx, iCapital, IPC, Jane Street, Lemonade, Mastercard, Oscar, PolicyGenius, Quadrature, Roc360, Tradeweb, Vestwell, and more! 

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

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

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New York ranks #1 in fintech VC investment, with more than $10.5 billion in VC closed on 460 deals in 2025. More than 1,550 active fintech startups, including 54 fintech unicorns, call New York home.

Financial Services and Insurance in New York State

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

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#1

in the U.S. for Fintech VC Investment (source: Pitchbook)

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#1

Fintech Ecosystem in the U.S. - NYC (source: Business Facilities)

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1,550+

active fintech startups (source: Pitchbook)

Opportunities to grow your business in New York State

Tax-Based Incentives

All forms of tax incentives that enable savings and cost advantages to businesses.

Operational Support

Programs offering assistance or training to ensure more competitive businesses.

Growth Support

Funds, loans and other means of financial support to stimulate business growth.

Innovation Development Support

Financial incentives to foster university collaboration, research and innovation.

Industry Contact

For press inquiries, please contact [email protected]

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Headshot of James Kostenblatt
James Kostenblatt
Senior Director, Industry Development - Strategic Business Development
Financial Services and Insurance