Xignite Forges Strategic Partnership with XPansion

Financial markets data provider Xignite has inked a deal with data usage, tracking, and business monitoring software firm Xpansion that will give capital markets customers even better visibility into and management of their data use and expense.

“Market data is a complex environment where vendor fees and commercial licensing models continue to change, putting pressure on buy and sell side firms to control access and costs,” Xignite CEO and founder Stephane Dubois explained. He added that helping customers more efficiently use market data flow was a key element in the company’s goal of “simplifying, the acquisition, management, and dissemination of market data.”

The strategic partnership will enable Xignite to integrate Xpansion’s XMon analytics and reporting functionality into its Market Data Cloud Platform. This will give Xignite customers enhanced business intelligence, analytics, and reporting capabilities, as well as dashboards and reporting tools to help users analyze and control market data use, as well as manage costs across multiple data vendors.

“Clients consume increasing amounts of data and coupling powerful analytics with a robust data distribution platform is essential in today’s data landscape,” XPansion director and co-founder Amjad Zoghbi said. Zoghbi referred to bringing greater transparency and spending controls to the use of market data as the company’s “focus from the beginning.”

XPansion specializes in cloud-based solutions that help data operations and management teams control data usage better, improving both cost-effectiveness and data governance. The company’s flagship XMon Static Data solution delivers real-time tracking of data requested from external data vendors, data flowing between internal applications and systems, and data exiting the firm as in reports or customer exports. Based in London, U.K., XPansion was founded in 2013.

Headquartered in San Mateo, California, Xignite demonstrated its Cloud Add-in solution at FinovateAsia 2017. The add-in caters to the 1.2 billion Excel users worldwide, enabling them to easily and quickly introduce data – including real-time streaming data – into their Excel spreadsheets.

Earlier this month, Xignite announced that it was the first market data vendor to join the Snowflake Data Exchange. This spring, the company was named to the WealthTech 100, along with seven of its clients including fellow Finovate alums eToro and Tradeit. Also this spring, Xignite announced a partnership with StockCharts.com.

Xignite has raised $37.6 million in funding. QUICK Corporation and StarVest Partners are among the company’s investors.

Finovate Alumni News

On Finovate.com

  • Spain Approves Neo as a B2B Challenger Bank.
  • Bill.com Boosts Support for International Payments Offering.
  • Xignite Forges Strategic Partnership with XPansion.
  • Bitbond Celebrates Successful STO; Raises More than $2.3 Million in New Capital.
  • PayPal’s Hyperwallet to make sure Limebike’s gig workers get paid for charging scooters.

Around the web

  • Baker Hill’s NextGen to power growth in commercial lending for Hawaii State FCU.
  • Digital Onboarding to grow engagement and provide the digital banking experience for Manatee Community FCU.
  • Daon to fuel security component of CTMS’ KYC and onboarding solutions aimed at banks in France.
  • Revolut unveils new tech hub in Berlin.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • RISQ Teams Up with Aion Digital to Boost SME Lending in MENA.
  • More Than $1.8 Billion Raised by 29 Alums in Q2 2019.

Around the web

  • Blockchain startup up Saga to deploy treasury management tech from FIS.
  • Deutsche Bank partners with Finantix to enhance its Wealth Management division’s onboarding and KYC processes.
  • Xignite joins the Snowflake Data Exchange, the first market data vendor to do so.
  • Endor co-founder and CEO Dr. Yaniv Altshuler talks about his background in the crypto space with CryptoNewsZ.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • BlueVine and GovQuote Team Up to Fund SMEs.
  • Bpm’online Focuses on Customization, Clean Data in Latest Update.

Around the web

  • Sberbank Croatia chooses Token for PSD2 compliance.
  • Silicon Canals highlights Meniga in its list of 10 Cool Icelandic Tech Startups to Work for in 2019.
  • MX wins a 2019 Utah Genius award.
  • U.Today features Stash and Crealogix in its roundup of Top 12 FinTech Companies to Watch in 2019.
  • Xignite earns spot on the WealthTech 100.
  • Lendio franchise opens in Erie to expand access to capital for local businesses
  • InComm’s Alder API wins award from the Innovative Payments Association.
  • BioCatch’s behavioral biometrics-based digital identity solution now available on the ForgeRock Marketplace.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Xignite Teams Up with StockCharts.com

Financial market data cloud company Xignite has partnered with financial charting and technical analysis platform, StockCharts.com. The collaboration will enable the popular online destination for traders and investors to significantly increase its market reach around the world, as well as boost StockCharts.com’s ability to offer more data – including data on international markets.

“StockCharts’ innovative charting solutions are now powered by Xignite REST APIs,” Stephane Dubois, CEO and founder of Xignite said. “(These APISs) harmoniously integrate multiple types of stock price data into their app.” Dubois also highlighted the fact that the company will benefit from having its market data hosted in the Amazon Web Services (AWS) cloud. “Xignite has freed StockCharts from the constraints of hardware and software, allowing them to deliver spectacular financial charts to millions of users each month,” he said.

Founded in 1999 by Chip Anderson, an early Microsoft developer, StockCharts.com has since grown into one of the more widely used technical analysis platforms for retail traders and investors. With more than 1.5 million active monthly users globally, StockCharts.com celebrated its 20th anniversary earlier this month. The company is headquartered in Redmond, Washington.

Xignite has more than 1,000 clients in financial services and serves more than 250 billion client API calls each month. The company offers 45 web services and more than 1,000 APIs to innovative fintechs like Betterment, Motif Investing, Robinhood, and Yodlee, as well as FIs like Charles Schwab and TIAA.

Named “one of the ten coolest brands in banking,” Xignite has been featured twice in the Forbes FinTech 50. Last year, the company was highlighted by Inc. Magazine in its look at 6 Fintechs Disrupting the Industry, along with fellow Finovate alums, Dwolla, Plaid, and Fidor Bank.

Xignite demonstrated its CloudAdd-in at FinovateAsia 2017. The solution enables the world’s more than 1.2 billion Excel users to access Xignite’s wealth of financial market data – including streaming data – via API and incorporate it directly into their spreadsheets. The San Mateo, California-based company was founded in 2006.

Finovate Alumni News

On Finovate.com

  • On Earth Day (and Every Day) Paperless is the Way to Be.
  • OutSystems Brings Benefits of Low Code Dev to U.K.s Biggest Manufacturers.

Around the Web

  • PayPal’s Venmo considering credit cards for monetization.
  • Micronotes awarded U.S. patent for AI-driven interactive marketing system.
  • CurrencyFair adds Indian Rupee to currency list.
  • Citi introduces biometric authentication for institutional customers in the APAC region.
  • With its IndiVideo solution, BlueRush and Chilean partner, Kunder, win Best Financial Services Online Video at the 2019 Internet Advertising Competition awards.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • The ID Co. Unveils its Income Verification Solution.
  • Finicity Partners with Pulte Mortgage to Accelerate Asset Verification.

Around the web

  • CBANC hires Mike Snavely as Chief Commercial Officer.
  • Congrats to 3rd Eyes, ArthaYantra, aixigo, BaseVenture, Capitalise, Entersekt, eToro, Finantix, Fincite, Finhorizon, ForwardLane, Hydrogen, Scalable Capital, Sentifi, Tradeit, Trizic, WealthWizards, WealthForge, and Xignite on being recognized in the Wealthtech 100.
    • Xero’s new invoicing experience available for all Xero customers and partners over the next two weeks
    • Nordigen opens new office in Spain to expand operations.
    • Yseop’s AI solution for Société Générale wins award for most innovative initiative of the year at this year’s Digital Finance Awards. Come see Yseop at FinovateSpring next month.
    • Contovista and NDGIT expand partnership, enabling Contovista to be implemented via the German NDGIT API marketplace.

    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    Finovate Alumni News

    On Finovate.com

    • EquityZen Secures $3 Million in Round Led by Draper Associates.
    • Karmic Labs Lands $17.2 Million to Grow Enterprise Payment Solutions.
    • Innovation Acceleration: Incubators and Incubation Labs Drive Development in Fintech.

    Around the web

    • MoneYou integrates Mitek’s identity solutions for real-time digital onboarding.
    • Xignite launches the Xignite Channel Partner Program to offer partners integrated cloud-based market data solutions.
    • Betterment launches new Socially Responsible Investing (SRI) Portfolio.
    • Forbes profiles Unison in look at the challenges facing homebuying millennials.
    • CrowdFlower adds former Amazon AI product specialist Robert Munro as VP of Machine Learning.
    • NuCypher introduces its decentralized key management system, NuCypher KMS.
    • AltFi talks about the role of “platformification” in supporting innovation in fintech with Avoka CEO Phil Copeland.
    • IDG Connect interviews Xpenditure CEO Boris Bogaert on current trends in banking including blockchain R&D.
    • IBM opens new data centers in London, U.K.; Sydney, Australia; and San Jose, California.

    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    44 Alums Populate CB Insights’ Fintech 250 List

    This week, CB Insights unveiled its Fintech 250 list. The research outfit selected 250 emerging, private companies in 17 sub-sectors of fintech that are changing the face of financial services. The roster includes 44 Finovate and FinDEVr alums that were selected using CB Insights’ data-driven process that analyzes company momentum, market participation, funds raised, and investor quality.

    The list is in alphabetical order.

    Algomi

    AutoGravity

    Avalara

    Behalf

    Betterment

    Blend

    Chain

    Coinbase

    Credit Karma

    Currencycloud

    CurrencyFair

    Fenergo

    Financeit

    Gusto (formerly ZenPayroll)

    Juvo

    Kabbage

    Kensho

    Kreditech

    Klarna

    LendUp

    Moneytree

    PayNearMe

    Payoneer

    Personal Capital

    Plaid

    Quantopian

    Quovo

    Revolut

    Ripple Labs

    Roostify

    Signifyd

    SocietyOne

    Socure

    Tink

    Token

    Tradeshift

    Transferwise

    TrueAccord

    Trulioo

    VATBox

    Wealthfront

    Xignite

    Zooz

    Zopa

    Women on the Finovate Stage

    IMG_0245

    There are plenty of things about fintech worth celebrating, but today, in honor of International Women’s Day, we’re giving three cheers to the women in fintech!

    We’re taking a special look at our most recent show, FinovateEurope, where 23% of the presenting companies were represented by a woman on stage. That’s a 50% increase from 2015, where 15% of the companies had female speakers, and a huge leap from our first event in 2007 with zero (see note 1).

    So here’s to progress. And here’s to the women of FinovateEurope:

    32788038942_c2729d68a6_k

     

    Avoka

    Hali Khan, Director, Business Development

    FinovateEurope 2017 demo

     

    Comarch32557320060_70d77af3b9_k

    Paulina Powązka, Sr. Business Solutions Consultant

    FinovateEurope 2017 demo

     

     

    32820931681_828e7dd8c5_kCREALOGIX

    Eszter Vass, Sr. Product Strategy & Presales Consultant

    FinovateEurope 2017 demo

     

     

    32127498153_4deaa0daa3_kDorsum

    Reanta Stein, Business Development Director

    FinovateEurope 2017 demo

     

     

    32125161023_bd3fcd33fc_kebankIT

    Diana Winstanley, Business Developer

    FinovateEurope 2017 demo

     

     

    EyeVerify32897433676_705b34c70a_k

    Tinna Hung, Director, Marketing

    FinovateEurope 2017 demo

     

     

    GainX32095319534_c74f64b4a0_k

    Angelique Mohring, CEO & Founder

    FinovateEurope 2017 demo

     

     

    32941951805_df728e49ca_kHorizn

    Janice Diner, CEO, Founding Partner

    FinovateEurope 2017 demo

     

     

    32101776544_1a81530055_kICAR

    Mariona Campmany, CMO

    FinovateEurope 2017 demo

     

     

    32817663591_701759d35e_kITSector

    Patricia Soares, Business Developer

    FinovateEurope 2017 demo

     

     

    32818219881_3de81c5c45_kMitek

    Sarah Clark, General Manager, Identity

    FinovateEurope 2017 demo

     

     

    nCino32938680835_d7718ef69a_k

    Trisha Price, EVP, Product Development & Engineering

    FinovateEurope 2017 demo

     

     

    32096274924_726ee8aa51_kSwaper

    Iveta Brūvele, CEO, and Elīna Rasmane, COO

    FinovateEurope 2017 demo

     

     

    32564257000_54aea26b27_kTrustly

    Märta Viberg, Head of Product & Consumer Risk

    FinovateEurope 2017 demo

     

     

    32786393702_06824485c4_kWealthify

    Michelle Pearce, Co-Founder and Chief Investment Officer

    FinovateEurope 2017 demo

     

     

    32942531505_6dd568debc_kXignite

    Vanessa Gatihi, Global Head, Customer Success

    FinovateEurope 2017 demo

     

     

    giphy


    Editor’s Note: While sadly it’s true that no women were on stage during the 20 demos of the first Finovate. One company, iPay Technologies, was founded by Dana Bowers, but she chose not to speak that day. And Finovate might not even exist if it wasn’t for Melanie Flanagan, then Marketing Manager at Yodlee (also co-founded by a woman), who was the first person to agree to demo. Finally, Susan Hawkins, then SVP at Metavante, was instrumental in getting both her company and Monitise on stage. So there you have it, woman called the shots for at least 20% of Finovate v1.0’s content, even if they ended up delegating the on-stage pitching to men. Thanks Melanie, Dana and Susan! — Jim Bruene, Founder