This year's Institutional Investor Tech 50 spotlights the top financial technologists, innovators and entrepreneurs in banks, asset managers, exchanges and even several fintech startups. Xignite is proud to have our CEO and Founder Stephane Dubois listed for the second year in a row among these financial services industry giants.
The inclusion of market data API provider Xignite shows just how important cloud computing and the ability to develop quickly to compete with fintech startups is becoming to banks. Older institutions can no longer afford to run on their outdated software so they are now open to alternative fintech solutions like Xignite's market data cloud.
"The technology that financial services built in the 1990's and 2000's is getting thrown away," says Dubois. "They can build on top of legacy technology, but eventually infrastructure will cost the large banks millions if not billions of dollars."