6 FinTech Winners Revealed

Large banks threw their support behind six budding financial technology companies, helping them integrate their tools and maximize value.

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2. Dashlane – A Digital Wallet With No Merchant Integration

The Dashlane product is a secure digital wallet and password manager for nearly every device. Real-time semantic analysis is used to autofill forms on virtually any webpage, enabling keyboard-less checkouts, registrations and logins. No merchant integration is required, removing many of the barriers to mobile wallet adoption.

Dashlane is the most downloaded password app on iPhones in the US. “People come to our product at first because they have a password problem but they quickly move to the wallet functions,” explains CEO Emmanuel Schalit (pictured at right). To date, Dashlane has been successfully used on over 1 million websites with projected purchases of $1.5 billion by year-end.

“I wouldn’t really call DashTech a fintech company,” says Doug Atkin, senior managing director at Guggenheim. “But I think it is a very interesting program and there are a lot of ways you can apply what they built.”

From another perspective, Dashlane is an online shopper’s dream. Without the need to pull out a credit card to fill in forms, a keyboard-less checkout makes it a bit too easy to press the ‘purchase’ button. “Consider Amazon,” says Atkin, “at any time there are billions of dollars worth of goods in shopping carts not being purchased, if you can even tick that up by even 5-10% that’s meaningful.”

Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio

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