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Fintech start-ups get chance to wow Wall Street

12 July 2013  |  10146 views  |  0 Silouhette business meeting

Financial technology start-ups have been showing off their wares to top executives from Wall Street at the third annual FinTech Innovation Lab 'Demo Day' in New York.

In March senior technology executives from leading financial institutions whittled down a list of more than 100 applicants to six.  

The finalists then spent 12 weeks receiving feedback and mentorship from entrepreneurs and venture capital firms before demonstrating their products to the great and the good at the Credit Suisse headquarters in Manhattan.

The six 2013 graduates are:

  • Centripetal Networks, which has developed scalable cyber-security technology.
  • Dashlane, which presented a secure digital wallet and password manager.
  • Inktank, which has built a data storage system based on an open-source platform.
  • Narrative Science, which demoed an AI engine that generates text from reports.
  • OpenFin, which presented software that enables financial services firms to trade using HTML.
  • ScrollMotion, which presented software that allows customers to create applications for iPads and tablets without requiring programming skills.

Established in 2010 by Accenture and the Partnership Fund for New York City, the Fintech Innovation  Lab has tried to bring early and growth-stage technology companies and potential partners and investors together.  

"The FinTech Innovation Lab allows inspiring entrepreneurs far more effective product development and feedback from the upper echelons of their target market, accelerating company growth and job creation," says Maria Gotsch, President and CEO of the Partnership Fund for New York City.

Last year Accenture launched a London counterpart, teaming with leading banks and VCs to identify and promote leading-edge technology from the UK, Europe and internationally.

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