So, how did you spend the summer?
Xignite announced today that it reached more than 50 billion API call requests in July. The high mark broke the company’s previous records and affirms Xignite’s place among the major API cloud data providers worldwide.
Xignite CEO and founder Stephane Dubois credits a tripling in API call volumes over the past year and a half to the fact that both startups and larger FIs have become much more comfortable working with the cloud. “In the past, APIs have been downplayed and relegated as a solution to power small web sites and applications,” Dubois explained. “But now, the financial services industry realizes that good APIs backed by strong, open designs and native cloud architectures, like Xignite, can tackle the most mission-critical applications,” he said.
Pictured: Xignite developer Anand Viswanathan talking about streaming financial data and future API delivery technologies at FinDEVr San Francisco 2015.
Xignite leverages the Amazon Web Services (AWS) Cloud to process millions of API requests per hour. General Manager for Product Strategy at Amazon Web Services, Matt Wood pointed to the get-to-market speed of AWS, as well as the way the platform helps cut costs and enable FIs to “be more agile” as reasons why Xignite uses the technology.
Xignite drives financial apps for more than 1,000 companies in 55 countries. It maintains a collection of more than 1,000 market-data APIs drawing from more than 150 sources. Founded in 2006 and headquartered in San Mateo, California, Xignite launched its #FintechRevoluton API Ecosystem initiative in September, featuring more than 20 technology firms and accelerators. In October, OTC Markets Group announced that it would add Xignite as a provider of real-time Level 1 market data. And in June, Xignite announced that it would help four of its fellow Finovate alums – Betterment,Motif Investing, Personal Capital, and SigFig – bring their technologies the Apple Watch.
Xignite developer, Anand Viswanathan discussed the future of streaming financial data at FinDEVr San Francisco 2015 last month. Xignite also participated in FinovateFall 2015 in September, demonstrating its Cloud Streaming technology.