A pair of Finovate alumni were among the companies to graduate from the Fintech Innovations Labs this summer: Dashlane and Narrative Science.
The FinTech Innovation Labs are a two-month long mentoring program developed by the Partnership Fund for New York City and Accenture. The program ends with a “Demo Day” presentation that gives participating companies the opportunity to show their technologies to financial industry decision-makers. More than 100 companies applied to this year’s program, of which six were selected. Read more about the Innovation Labs in our coverage here.
Dashlane is the developer of a password management and digital wallet technology that provides instant checkout, login, and form-filling for consumers on any website. The technology is also device-agnostic, and works without any need for integration or setup on the part of the merchant or website. Read our review of the latest version of Dashlane (Dashlane 2.0) here.
Narrative Science came with Quill, its artificial intelligence engine that turns reams of data into readable English text. The finished product is designed to be virtually indistinguishable from human-generated copy and is produced in significantly less time.
Quill is currently being piloted by several banks according to Narrative Science’s CTO. We recently wrote about the company’s partnership and technology development agreement with In-Q-Tel.
FinTech Innovation Labs began in 2010, and have the support of financial services companies ranging from American Express to UBS. Also among the program’s supporters are venture capital firms such as Bain Capital Ventures and Warburg Pincus. A similar event is held in London and, this year, also included Finovate alumni among the companies winning spots in the program. Read more about the Fintech Innovation Labs in London here.