FinTech Revolution Fueled by Access to Cloud-Based Technologies
SAN MATEO, CA – July 15, 2014 – Xignite, Inc., the leading provider of cloud-based financial market data, today announced their sponsorship of four demo-based FinTech conferences for developers of financial services applications at major technology hubs across the globe.
The events are being held in the Silicon Valley, the largest hub for FinTech startups, New York City and London - both of which are quickly becoming known as FinTech hotbeds. Financial technology or “FinTech” is one of the fastest growing areas for investment and is expected to grow to at least $6 billion by 2018, according to a recent study by Accenture and the Partnership Fund for New York City.
“The FinTech revolution is largely being driven by cloud-based technologies which help FinTech startups cut costs and improve time to market,” said Stephane Dubois, CEO and Founder of Silicon Valley-based Xignite.
“Xignite is powering the disruption of the financial services industry by providing entrepreneurs with easy-to-integrate and affordable financial data APIs.”
Xignite’s new sponsorships include:
- The FinTech Startups Demo Day is a New York Meetup event hosted by Empire Startups. Young companies will be given five minutes to demonstrate their app. Xignite client Prudena is one of the companies presenting. Prudena is a web-based financial risk-management portal targeted to investors and financial educators and was started by Charlie Strout, founder of New York-based Seven Shadow LLC.
- FinTech Open Mic & Demo Evening, to be held in San Francisco, is organized by London-based FinTech entrepreneur Eddie George. The event schedule will include a mixture of skype-ins, presentations, fireside chats and networking.
- London FinTech Startups, run by TechMeetups, targets FinTech entrepreneurs, developers and “wantrepreneaurs” that are focusing on technologies ranging from capital markets to personal financial management tools.
- FinDEVr will showcase tools, platforms, and APIs that are driving the FinTech revolution. Xignite will co-host a session for developers with partner Yodlee and discuss the use of APIs to assist developers with their market data needs. This event will take place in San Francisco
Xignite, Inc. is the leading provider of market data cloud solutions. Xignite makes sourcing and integrating real-time and reference market data into apps and devices easy and more cost-effective than alternative data feeds. The Silicon Valley-based company is helping fuel FinTech innovation by powering web sites and apps for more than 1000 financial services, media, software and corporate clients, including FinTech standouts Betterment, FutureAdvisor, Personal Capital, SigFig, StockTwits, Wealthfront, Wealthminder and Yodlee. The company’s platform also powers private data distribution solutions for exchanges, market data vendors and financial institutions, including NASDAQ OMX, NYSE Technologies, Direct Edge and SIX Financial Information. For more information, visit http://www.xignite.com or follow on Twitter @xignite.