Flagstar Bank Selects Xignite Web Services to Improve Access to Financial Information while Lowering Total Cost of OwnershipSAN MATEO, CA May 18, 2009 - Xignite, Inc., the leading cloud services provider of on-demand, financial market data and application components announced today that Xignite Web services are used to power internal financial dashboards as an affordable alternative to proprietary financial data terminals and portal applications. Flagstar Bank is one of many companies that have switched to Xignite financial Web services to create tailored dashboards that meet the specific needs of their business, while lowering total cost of ownership by eliminating unused data feeds and unnecessary software and hardware infrastructure. Publicly traded companies, asset management firms and banks are using Xignite Web services to power internal dashboards to conduct research, monitor company performance, improve investor relations, create models and price products, loans, and assets. Xignite offers more than 50 financial Web services covering equities, commodities, currencies, interest rates and corporate information that can be integrated into any Web or software application in minutes, accelerating application delivery and eliminating development, deployment, and maintenance costs. Flagstar Bank utilizes Xignite Web services to drive an internal financial dashboard that retrieves stock prices, futures, bonds, financial rates and mortgages at a timed refresh to deliver the data to more than 3,500 employees. Flagstar selected Xignite for their ability to provide more data, faster and at a lower cost than their competition. Flagstar has deployed XigniteBATSLastSale, XigniteHistorical, XigniteMetals, XigniteMoneyMarkets, XigniteRates, XigniteFutures and XigniteIndices. "Xignite enabled us to create a powerful dashboard that provides up-to-the-minute data at a fraction of the cost and development time required by other market data providers," said Jason Dufner, senior vice president of IT Content and Banking Systems for Flagstar. "With Xignite, we are able to stay abreast of the industry's constantly fluctuating stock prices and mortgage rates, which is critical in today's turbulent economy. Furthermore, Xignite has addressed our requirements so well and the dashboard has been such a success with our users, we revised the initial project to include additional features." "Financial institutions are between a rock and a hard place with traditional market data providers. In order to access vital financial information, they are forced over invest in expensive terminals and services that go way beyond their needs," said Stephane Dubois, CEO, Xignite. "On-demand financial Web services free these organizations from this untenable situation, providing them with only the data they need and eliminating all investments in additional hardware or software. Now, companies like Flagstar can quickly build powerful internal dashboards powered by up-to-the-minute financial information that provide a solid ROI in weeks, not years." About Flagstar Flagstar Bancorp, with $16.8 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. At March 31, 2009, Flagstar operated 177 banking centers in Michigan, Indiana and Georgia and 61 home loan centers in 18 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans. For more information, please visit flagstar.com. About Xignite Xignite is the leading cloud services provider of on-demand, global financial market data and application components. The Xignite financial Web Services and mash-up platform helps companies build smarter websites and software applications in minutes with zero investment and cost-effective, subscription pricing. Xignite offers over 50 solutions covering domestic and global equities, commodities, currencies, fixed income and interest rates, company fundamentals, corporate information and more. Xignite solutions power mission-critical applications and financial Web sites for more than 400 global clients, including Forbes.com, kaChing.com, NetSuite, Citi, GE Commercial Finance, ING, Starbucks, Wells Fargo and Wendy's. For more information, visit www.xignite.com or call 1-866-XML-SOAP. For further press information regarding Xignite please contact: Clinton Karr or Annie Klein Schwartz Communications Telp: (415) 512-0770 Email: email@example.com
Home » Press Releases » Financial Institutions and Corporations Leverage On-Demand Market Data to Create Tailored Financial Dashboards
Xignite Launches Free Web Service To Provide Web Publishers With Seeking Alpha's Easily Accessible Earnings Call Information
Web Publishers Can Now Capitalize on Investor Demand for Transparency by...
"Cloudification of Capital Markets" On-Demand WebinarView Now
Most Recent Articles
Xignite Announces Channel Partner Program
Xignite Announces Channel Partner Program to Foster Community Focused on Making Market Data Easy for Financial Services Clients
CB Insights Reveals the Fintech 250 List at Future of Fintech
Xignite Named to the 2017 Fintech 250, Highlighting Advancements in Cloud-based Market Data
Xignite Hires Mark Rowe as CFO – Company Poised for Rapid Growth
Xignite announced that former Microsoft executive Mark Rowe has joined the company as its Chief Financial Officer (CFO).
Xignite Adds Morningstar Global Funds Data to Its Market Data Cloud Platform
FinTech Robo-Advisors, Online Brokerages and Investor Analytics Companies Will Benefit From Easy API Access to Global ETF and Mutual Funds Data
Xignite Scales Leadership and Sales Teams, Adds Financial Services Industry Veterans
Cloud-based Market Data API Provider Opens New York Office to Service Rapidly Growing Capital Market Customer Base
Xignite to License its AWS-based Market Data Cloud Platform to Exchanges and Data Vendors
Xignite, Inc., the leading provider of cloud-based financial data Application Programming Interfaces (APIs) announced today the ability to license the company’s Market Data Cloud platform.
Xignite Webinar: The Cloudification of Capital Markets
Xignite, Amazon Web Services and featuring Forrester: webinar to address how market data APIs allow banks to innovate at the speed of a fintech startup
Xignite Clients Nominated for 20 Benzinga Fintech Awards
Xignite Fintech Clients Execute Clean Sweep of Innovation in Mobile Category and Win 11 Awards
Xignite Provides Free Use of Market Data APIs to Nine FinTech Sandbox Residents
Xignite is proud to announce that three FinTech Sandbox residents will showcase solutions powered by Xignite market data at the FinTech Sandbox Demo Day on March 24th.
Xignite to Showcase Financial Data Streaming and Alerts API Solutions at FinDEVr New York
Xignite will showcase CloudStreaming and CloudAlerts, two new APIs that allow fintech developers to stream real-time market data to digital financial applications, and add notification alerts.
Xignite Forex Data Now Available in the Oracle Cloud Marketplace
Xignite XigniteGlobalCurrencies API is now available in the Oracle Cloud Marketplace, offering added value to Oracle Enterprise Resource Planning (ERP) Cloud customers.
Xignite Named ‘Best Cloud Solution’ for 2016 Wall Street Letter Institutional Trading Awards
Xignite announced today that its Market Data Cloud platform has been named ‘Best Cloud Solution’ for the 2016 Wall Street Letter Institutional Trading awards.
Xignite CloudAlerts API Lets Fintech Developers Empower Investors with Real-Time Market Event Notifications
CloudAlerts, the Scalable Market Data API Provides Real-time Notifications of Market Events Such as Price Movements or Volume Breakouts
Xignite Closes $20M Series C Funding Round Led by QUICK Corp
Xignite has raised $20.5 million in a Series C funding round led by Tokyo-based QUICK Corporation, part of the Nikkei Group and Japan’s largest financial information provider.
Xignite Named as Leader Among Fintech Companies Disrupting the Financial Services Industry
Xignite, the leading provider of market data cloud solutions, finishes 2015 ranked as one of the world’s top fintech companies in several key reports.
Xignite Market Data APIs Available on SoundHound, Inc.’s Natural Language Voice Technology Platform, Houndify Enables Users to Receive
Xignite announced today the integration of Xignite market data APIs into SoundHound Inc.’s new Houndify platform, the leading sound recognition and search technology provider.
Xignite Streams Real-time Equity Prices to Ipreo Investor Relations Platforms
Leading provider of cloud-based financial market data solutions announced that market intelligence provider Ipreo selected Xignite APIs to provide real-time & delayed equity prices to Ipreo's platform
Xignite Records 50 Billion Financial Data API Calls per Month
In July, Xignite served more than 50 billion API requests from its market data cloud platform, breaking all previous company records and making Xignite among the top API cloud providers.
Xignite Announces Financial Market Data Cloud Streaming Solution for Fintech Apps
Xignite, the leading provider of financial market data cloud-based APIs, today introduced CloudStreaming, a web-based solution that streams real-time market data to digital financial applications.
OTC Markets Group Adds Xignite as Distributor of Real-Time Level 1 Market Data