Maria T. Vullo, former Superintendent of the New York State Department
of Financial Services (DFS), has joined the FinTech
Innovation Lab New York as a Regulator-in-Residence.
Founded by Accenture (NYSE:ACN) and the Partnership Fund for New York
City in 2010, the FinTech Innovation helps early- and growth-stage
enterprise tech companies accelerate product and business development
through in-depth engagement with top financial services and venture
During the 12-week program which launched April 3, Vullo will provide
strategic counseling and mentorship to participating enterprise tech
companies as well as advise them how to consider regulators’ priorities
when collaborating with leading banking and insurance institutions.
“Under Maria Vullo’s leadership, New York State has been at the cutting
edge of regulation, most notably with her landmark cybersecurity
regulation that serves as a model for the nation,” said Maria Gotsch,
co-founder of the FinTech Innovation Lab New York and President and CEO
of the Partnership Fund for New York City. “Her deep understanding of
the regulatory landscape and mindset will be invaluable as this year’s
class works closely with senior executives from financial services to
accelerate the adoption of new technologies.”
“When fintechs and insurtechs have a comprehensive understanding of the
regulatory environment in which financial institutions do business, they
are better prepared to unlock the value of their technologies,” said
Vullo. “I look forward to working with all the companies in the FinTech
Innovation Lab to help them work within regulated industries to grow
their businesses and better serve customers.”
David Treat, a managing director in Accenture’s Financial Services
practice and co-head of the Fintech Innovation Lab New York, said,
“Having a clear line of sight on the regulatory considerations for
fintech and other emerging technologies is critical for startups and
established financial institutions alike; Maria is the ideal expert to
provide guidance on regulatory matters and will serve as an invaluable
sounding-board for the Fintech Innovation Lab New York and this year’s
In her three years as superintendent of DFS, Vullo was responsible for
the regulation and supervision of New York’s financial services
industry. She prioritized cybersecurity, requiring New York banks and
insurance companies to more thoroughly protect themselves and consumers.
Prior to DFS, Vullo was a partner at Paul, Weiss, Rifkind, Wharton &
Garrison, specializing in financial services, securities, real estate
finance, restructuring, antitrust and intellectual property law. Vullo
also served as executive deputy attorney general for economic justice
for then-New York State Attorney General Andrew Cuomo. Vullo holds a
J.D. and M.P.A. from New York University and a B.A. and honorary Ph.D.
from College of Mount Saint Vincent.
Vullo joins Andy Brown, Raj Chakraborty, Cris Conde, Jonah Crane, and
David Mordecai, in serving as In-Residence executives for the FinTech
Innovation Lab New York.
About the Partnership Fund for New York City
The Partnership Fund for New York City is the $160 million investment
arm of the Partnership for New York City, New York’s leading business
organization. The Fund’s mission is to engage the City’s business
leaders to identify and support promising entrepreneurs – in both the
for-profit and nonprofit sectors – to create jobs, spur new business and
expand opportunities for New Yorkers to participate in the City’s
economy. As an “evergreen” fund, realized gains are continuously
reinvested. The Partnership Fund Board is led by Co-Chairmen, Charles R.
Kaye and Tarek Sherif. Maria Gotsch, President and CEO, leads the team.
More information about the Fund can be found at www.pfnyc.org.
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