We are thrilled to announce that WatersTechnology has awarded Xignite with the Best Real-Time Market Data Initiative award for our work with SoFi. The Inside Market Data & Inside Reference Data Awards recognize industry excellence within market data, reference data and enterprise data management. This has been a fruitful year for Xignite on the awards circuit. In addition to the recent WatersTechnology award Xignite was named an SIIA CODiE Awards finalist, included for the second year in a row on the WealthTech 100 list, and being honored as Best Unified Financial Data and Market Data Cloud Platform by Aqusition International.

The Real-Time Market Data Initiative award recognized Xignite’s expertise in the area of real-time data collection, processing, distribution, and consumption on a project with SoFi Invest. Xignite was able to demonstrate how the initiative had delivered value and competitive advantage for both Xignite and SoFi through new ways of leveraging and enhancing real-time data. In 2019, SoFi launched SoFi Invest, a free consumer investing service, and enlisted Xignite to power the entire platform, from its robo-advisor capabilities, to financial newsfeed, to real-time market alerts and curated stock list. SoFi has identified a number of ways in which these key features are driving member engagement – for example, 10% of users who receive a market alert make a trade within an hour. For more details on this collaboration, download the case study HERE.