11 Ways Fintech and Banking Will Change in 2017


Article by Grace Noto

It’s almost time to wave goodbye to 2016. This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped.

But how will it continue? That’s the real question. To answer it, Bank Innovation has collected predictions from around the industry, so take a look below at how banking is going to change in 2017:

1. Head in the (Public) Cloud

Stephane Dubois, CEO, Xignite

“2017 will see a much more aggressive move toward embracing the public cloud. Many large banks are already doing this secretly. They’re just not being vocal about it. Banks will have to spread risk across multiple providers as they did with operating systems in years past. They can’t be too dependent on any one provider. Coming years will see more and more innovation happening on the public cloud. There is so much scale, and so much stuff already there. Soon you won’t be able to do realtime big data analytics on-premise. It’s not clear who will win — Google, IBM, Amazon — they’re all providing next-generation databases and storage on the public cloud.”

2. Banks and Fintechs Will Team Up

Yolande Piazza, Chief Operating Officer, Citi FinTech

“2017 looks like a very promising year for fintegration, which is Citi’s way of describing how banks embrace innovations from the broader fintech ecosystem to benefit our customers. Big banks have established customer relationships and risk management expertise that many startups lack, while many fintechs have developed simplified experiences that reduce customer pain points. By combining our strengths, we can partner to deliver innovative products more quickly to more customers than ever before. In 2016, Citi has positioned ourselves to benefit from fintegration. Last month Citi unveiled our API developer hub and in the first 3 weeks we’ve had more than 1,400 global developers sign up to innovate with us.  We are excited by the potential ideas that we could offer to customers very quickly.”

3. More Change Than the Last Three Years Combined

Brian Roemmele, CEO, Payfinders

“One guarantee is that the rate of change is going to accelerate in an incalculable way in 2017. 2017 will make 2016–which was really the convergence point of artificial intelligence, machine learning, voice interactivity–look like slow motion. The acceleration of the rate of change will be like a compression of 2014 to 2016–all that took place, compressed into one year… What this means is, banking, payments, and retail shopping has been upended. Snap has reinvented the retail sale experience with a vending machine–they’re re-inventing a theatrical buying experience…The other side of that is the whole store is going to become a vending machine, which is what we’re seeing with Amazon Go.”

For predictions 4 to 11 read the article at Bank Innovation.


In the foreign metal market and the world of international rates, currencies play the crucial role of acting as the medium of exchange in the transactions that take place.

Currencies like the United States dollar, the Euro, or the British Pound are commonly used around the world in order to get a metal rate. Some companies that offer precious metal live and historical rates have exposed their APIs (Application Programming Interfaces) to allow developers to integrate current and historical metal rates, currency conversion, or other capabilities into their applications.

In order to know about precious metals live and historical rates, there’s a lot of APIs available online, and if you want to try one, Barchart is going to be one of your first options. But if you take a look at what else is in the market, you’ll find alternatives so many great alternatives:

Xignite Market Data Cloud Platform

Xignite Market Data as a Service was one of the first market data services built to run in AWS and they are one of the few vendors that is an AWS Advanced Technology Partner with a Financial Services Competency.

With more than a decade of cloud expertise in building, scaling and operating cloud-based market data technology, it is no surprise that leading financial services and capital markets firms rely on this company to empower their journey to the cloud. Their Metals API Service offers real-time prices and quotes for metals including Gold, Silver, Palladium, Platinum and other base metals. In addition to real-time precious metals prices, the service provides daily London Fixing prices as well as historical precious metal prices and metal news. 

Xignite Cloud APIs are sourced from leading providers such as FactSet and Morningstar as well as Xignite’s own curated, high-quality data.

Read the article Top 3 Alternatives for Barchart Precious Metals Rates


Each year, Bobsguide asks the market to vote for fintech companies they believe stand out from the competition – those who have gone the extra mile in terms of development and servicing their clients. Xignite is proud to be listed as the "Best API Management" vendor on the Bobsguide 2020 Rankings.

Read article on Bobsguide


Web services data provider Xignite captured the AFTAs judges’ attention on the infrastructure front with its release of Xignite Enterprise Microservices in July 2020, a suite of cloud-based microservices for data management, storage and distribution in the cloud, designed to help financial firms migrate from monolithic legacy data architectures to more agile and less expensive cloud services and data sources.

Requires subscription to read the article on WatersTechnology


Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today revealed the results of its collaboration with StockCharts, a leading technical analysis and financial charting platform for online retail investors. The collaboration involved a move from an on-premise market data provider to Xignite’s cloud-native technology hosted in Amazon Web Services (AWS). Download the case study containing the full results.

StockCharts requires vast quantities of financial data to power its visualization, charting and tracking tools, which investors use to analyze the markets to help with investment decisions. The company was frustrated by the limits of its on-premise market data center, which was forcing the team to make architectural decisions based on what its data center could handle in terms of speed and storage, not on their technology. Its previous market data provider was just starting to build out some cloud offerings, but they were far away from what the business required. StockCharts decided to migrate its infrastructure to the AWS cloud and partner with Xignite to gain access to endlessly scalable market and financial data delivered through innovative cloud APIs.

The collaboration made an immediate impact as StockCharts was able to expand its offerings and customer base by pursuing growth strategies enabled by Xignite’s cloud-based approach, which provides easy access to data and eliminates architectural limits on storage and speed.

The pandemic provided further validation. Seattle-based StockCharts was in one of the first areas hit by COVID-19 and was forced to quickly shut down its office. Pandemic-driven market volatility followed and StockCharts customers wanted to visualize what was happening. The company’s ability to scale quickly and accommodate a high volume of new requests would not have been possible without Xignite.

“The move to the AWS cloud and Xignite has unlocked tremendous new potential for us in a lot of architectural ways, and has given us a lot of data options that we could not even consider before,” said Grayson Roze, Vice President of Operations at StockCharts. “It relieved us of the burden of figuring out how to source things. Instead, we know exactly where we need to go to get the data and can access it instantly. That is a huge, huge benefit for our business.”

“We are proud to have played a role in transforming how StockCharts approaches data,” said Stephane Dubois, CEO and Founder of Xignite. “The events of this year unleashed a massive spike in retail trading and a host of other unexpected forces that reinforced the need for financial services firms to leverage the cloud. Despite the disruption of this year, StockCharts was positioned for success, and we look forward to continuing to deliver our financial and market data solutions to the industry at large.”


Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006 when it introduced the first commercial REST API. Since then, Xignite has been continually refining its technology to help fintech and financial institutions get the most value from their data. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit or follow on Twitter @xignite