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Byte Academy Opens First International Fintech School in Singapore; Offers Guaranteed Job Placements with Tuition Refund

Xignite

Byte AcademySingapore, 10 November 2016 – Byte Academy announces the launch of its first international campus outside of New York City with programmes in FinTech, Data Science and Python Full-Stack Development. Byte Academy in Singapore opens its doors on 10 November 2016, to support Singapore’s Smart Nation initiative and help grow the local talent pool of industry-ready engineers and developers, alongside its strategic charter partners.

In Singapore, industry frontrunners from financial services, financial technology (“FinTech”), and start-up sectors are showcasing their support for industry-specific partnerships and education programmes such as that provided by Byte Academy. In spirit of this collaborative support framework, Standard Chartered Bank, IBM, INSEAD, Thomson Reuters and Microsoft have come together with Byte Academy to form the FinTech Skills Charter. This pro-bono advisory committee will help steer and set best-in-class standards for FinTech development in Singapore through active engagement with Byte Academy to configure all the policies and procedures for the benefit of the larger FinTech community in Singapore.

Byte Academy founder, Rak Chugh, believes that constant feedback and input by the industry leaders in respective verticals, can steer and better prepare candidates for tech jobs in industries such as finance and data science: “Technology is rapidly growing with new innovative solutions being created every day. This means that jobs and its relevant skill sets are evolving at a faster pace than ever. With the help from industry partners to constantly review and refine the curriculum, this will help ensure Singaporeans are better-equipped, better matched with the current industry demands with the applicable technical knowledge and skills.”

Nobuhiro Ito, Director, Developer Experience & Evangelism, Microsoft Singapore, adds: “Byte Academy’s presence here in Singapore will help accelerate skills development that will help contribute to a more vibrant FinTech ecosystem and build a stronger Singapore core. This initiative by Byte Academy is very much in line with Microsoft’s mission of empowering every individual and organisation on the planet to achieve more. We look forward to working closely with the Fintech Skills Charter Members to enhance the Fintech development, innovation and explore possible cross-border collaboration activities within the Fintech industry.”

On partnering with Byte Academy in Asia, Mr Shameek Kundu, Global Head of Data, Architecture and Innovation, Standard Chartered Bank, said: “Standard Chartered Bank is pleased to become a founding charter member of the inaugural FinTech Skills Charter. This signals our ongoing commitment to developing the talent pool which will support the growth of a vibrant FinTech sector. The establishment of Byte Academy is another progressive initiative which will help to fuel Singapore’s Smart Nation ambitions by adding to the country’s great ecosystem of financial institutions, technology companies, universities and research organisations.”

Annie Choy, Managing Director, IBM Singapore adds: “With a strong focus on innovation and the right technology in place, Singapore is well-positioned to become one of the world’s top FinTech hubs. At IBM, we are working extensively with government, industries and academia to co-develop solutions based on enterprise blockchain, cyber-security, and cognitive computing technologies to help serve the FinTech sector and further develop Singapore as a Smart Financial Centre.”

To bridge this engineering talent crunch in Singapore, Byte Academy has collaborated with the Infocomm Media Development Authority (“IMDA”) to provide individuals with a passion in technology, finance, and data science, a fast track to opportunities within the FinTech and Data Science domain through IMDA’s Tech Immersion and Placement Programme (“TIPP”).

“The growing trend of digitalisation and emerging financial technologies (FinTech) are reshaping the financial and insurance sectors. As a financial hub, Singapore is well placed for the development of innovative financial technologies. We are happy to have Byte Academy come on board IMDA’s Tech Immersion and Placement Programme, an initiative under the TechSkills Accelerator. With more programmes offered, particularly in Fintech and Data Science, Singapore’s manpower can enrich themselves with a strong variety of market relevant courses, enabling us to be in a better position to seize opportunities in these growing sectors.” Said Gabriel Lim, Chief Executive, Infocomm Media Development Authority.

As part of this collaboration with IMDA, Byte Academy Singapore will offer its 12- week full-time courses and individual 8-week short courses focussing in FinTech and Software Development. Its 12-week full-time courses will provide the fundamentals for students to work on real, industry-specific problems and allow for interaction with industry partners to prepare individuals for direct placement and job matching upon graduation. Byte Academy Singapore is also replicating its New York placement and guarantee programme, offering guaranteed job placements to its full-time course graduates through key partners in major tech and banking companies. It stands by this guarantee, committing to refund the full course fee, should they fail to place its graduates in a role within 6 months of course completion.

Further, Byte Academy’s programme also enables the bridging of FinTech communities in New York, California’s Silicon Valley and Singapore together, allowing for long term strategic growth and knowledge sharing of some of the world’s top FinTech companies into Asia.

“We applaud Byte Academy’s efforts to educate the next generation of FinTech innovators,” said Stephane Dubois, Xignite CEO and Founder. “We are seeing accelerated growth of financial technology innovation in the Asian market and elsewhere around the world, so the Singapore initiative is well timed.”

Byte Academy Singapore programmes welcomes individuals from communities such as:

  1. Career switchers without programming background and interested in a career in tech
  2. Current IT and banking professionals interested in up-skilling for new tech positions, or exploring entering the Finance, FinTech and Data Science industries
  3. Newly-minted fresh graduates from Science, Technology, Engineering and Mathematics (“STEM”) and other disciplines, with no prior programming knowledge, and with a passion in FinTech or Data Science
  4. Start-up founders and early employees who are under-equipped to design, programme, and ship their own products.

To further the development of local tech talent and meet the demand for IT and FinTech / Data Science professionals, IMDA and Byte Academy supports this programme by providing subsidized rates for Singaporean citizens. Singaporeans keen in a career in tech or upskilling their craft in software development enjoy subsidies of up to 70% off the listed rate.*

* Applicable for full-time courses under Tech Immersion and Placement Programme (TIPP), other terms and conditions apply.

 

About Byte Academy

Byte Academy is a leader in industry-oriented technology education with courses in Python software development, FinTech (“Financial Technology”), Data Science, Blockchain and MedTech (“Medical Technology”). Byte Academy established the first short-format FinTech programme and the first Python full-stack software development bootcamp in New York City, where it is headquartered. It has raised S$3m in series A funding for its first international campus and ASEAN headquarters in Singapore, and opens in India at the end of 2016.

Byte Academy is recognized for its small classes, career services and sense of community. Students hail from all over the world including countries such as Australia, Chile, Finland, Siberia, and Tunisia. Byte has brought thousands together from diverse backgrounds around the globe via its hackathons, conferences, founders’ talks, meetups and other events.

Byte Academy is proud to be the Education Partner for Singapore's inaugural FinTech Festival and will be holding "Byte Learning" workshops during the FinTech Conference (16 - 17 November at Singapore Expo).

Check out www.byteacademy.co to learn more.

About the founder

Rak Chugh, has worked in the financial industry for 25+ years. He founded Byte Consulting in 2000 and ran a publicly listed real estate company in London. Mr. Chugh founded Byte Academy when he realized the need to bridge the gap between finance and technology and create a new class of financial technology experts. He came to this realization after financial clients of the consulting firm he founded, Byte Consulting, could not find qualified programmers in New York City. Initial curriculum emphasized the Python coding language due to its high analytical capability and usage in the finance industry. Byte was the first educational institution in New York City to have a full-stack Python programme and the first with a short-format FinTech programme.

For media queries, please contact:

Christopher Quek
Managing Partner
Tri5 Ventures
PH: (+65) 9682 2727
christopher@tri5.asia

Ko Tze-Shen
Business Development Director
Byte Academy Singapore
PH: (+65) 9106 5111
TzeShen.Ko@byteacademy.co

 

Source: Byte Academy

RECENT NEWS

Xignite, Inc., a cloud-based market data distribution and management solutions provider for financial services and technology companies, announced a new Vendor of Record service for clients subscribing to real-time and delayed market data. The new service vastly simplifies the administration and reporting required by exchanges and often eliminates the need to pay redistribution fees, potentially saving clients thousands of dollars a month.

As an approved Vendor of Record, also called a Service Facilitator, Xignite can redistribute real-time and delayed equities and options pricing data from Nasdaq, New York Stock Exchange (NYSE), Options Price Reporting Authority (OPRA), OTC Markets (OTCM), and the Toronto Stock Exchange (TSX). 

Adhering to the complex compliance guidelines required by exchanges is extremely difficult for investment advisers, financial advisers, or order management software providers that need to display real-time or delayed data. Each exchange has its own unique set of regulations and compliance requirements, and clients need to prove that they have control over who receives the data, in what format, and for what use case. Xignite’s Vendor of Record service eliminates the administrative burden of tracking these complex compliance requirements.

The new service utilizes Xignite’s cloud-native Entitlements and Usage Microservices to give firms complete control and transparency of their data consumption and usage. Xignite provides data entitlements, usage tracking, and exchange reporting across various data sets, users, and applications to ensure exchange compliance. Xignite’s new service sometimes eliminates the need to pay expensive redistribution fees. Exchange fees for display data, regardless of the number of users, can cost upwards of $10,000 per month. These high fees are especially difficult for smaller financial firms with just a few real-time data users.  

“Maneuvering through the maze of required compliance policies, entitlements, usage tracking, and reporting requirements, and being subjected to frequent audits is no easy feat,” said Vijay Choudhary, Head of Product for Xignite. “Xignite’s mission is to “Make Market Data Easy.” Today’s announcement is another step towards this. We are taking away the administrative burdens and complexity of licensing market data and allowing our clients the freedom to focus on their investment and trading strategies and building innovative products.”

Xignite’s Vendor of Record service is available for professional users with internal and display-only use cases. The service is available now as an add-on service for subscribers of our real-time and delayed equities and options pricing data APIs. These include:

XigniteGlobalOptions

XigniteGlobalQuotes

XigniteGlobalRealTime

XigniteGlobalRealTimeOptions

XigniteNASDAQLastSale

About Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2003 when it introduced the first commercial REST API. Since then, Xignite has continually refined 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 to build efficient and cost-effective enterprise data management solutions. Visit xignite.com or follow on Twitter @xignite.

09/21/2021

Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today introduced XigniteGlobalETFs, a new Cloud API providing advanced analytical and full holdings data for exchange-traded funds (ETFs) globally. The popularity of ETF investing has been going through the roof and, in 2021, has broken all previous records. ETF data is critical to Xignite's digital investment manager (robo-advisor) clients, such as Betterment and SoFi, and our trading and brokerage clients, such as Robinhood and eToro, who offer their users collections made primarily of specially chosen, low-fee ETFs.

One of the prime reasons for the dramatic increase is that ETFs have become virtually free to buy and sell thanks to innovative Fintech solutions powered by Xignite market data. Robo-advisors such as Personal Capital, SoFi, Wealthfront, and WealthSimple have helped make ETFs extremely popular as an easy, low-cost way to diversify their members' portfolios.

Zero-cost trading stock brokers like Robinhood have attracted investors that use ETFs as trading vehicles. As the ETF landscape evolves, it continues to democratize hard-to-access trading strategies for retail investors. This dramatic expansion, and the complexity of the ETF landscape, make it critical for our clients to have institutional quality data to integrate into their ETF-focused financial software and mobile applications. 

The new API offers daily and historical coverage of all listed ETFs in North America, Europe, and the largest Asian markets. Sourced from CFRA Research, one of the world's largest independent investment research firms, users can analyze underlying constituents across ETFs to quantify and compare sector, factor, and other risk exposures. The Xignite's Data Quality team cross-validates the ETF data across sources and proactively detects and fixes any missing information. 

"Inflows to ETFs have already set an annual record in 2021," says Vijay Choudhary, Vice President of Product Management for Xignite. "It is critical for our wealth management, trading, risk analysis, hedge fund, and other Fintech clients to have access to in-depth research on the ETF industry to make informed decisions on behalf of their clients," added Choudhary.

Xignite APIs are cloud-native and offer a robust selection of use case-based endpoints. These endpoints are ready-to-use pieces of code that developers can easily integrate into their product or app, regardless of type, amount, or frequency of data, without the need for any complex integration logic. The available XigniteGlobalETF endpoints are:

GetHoldings - Returns all holdings sorted by percentage portfolio weight for the specified date.

GetETFCharacteristics - Returns characteristics for one or many ETFs for the specified date.

GetVolatilityStatistics - Returns average volume and volatility at the specified date.

GetFundFlows - Returns fund flows for selected ETFs.

GetFundFlowsRange - Returns fund flows for a selected ETF across the specified time range.

GetHistoricalNAVs - Returns the historical NAVs for an ETF based on a start date and end date.

GetNAVs - Returns the closing NAV for one or more ETFs for the specified AsOfDate.

GetTrailingReturns - Returns trailing returns for one or many ETFs for the specified date.

SearchETFs - Returns a list of ETFs that match the search parameters.

 

About Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2003 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 to build efficient and cost-effective enterprise data management solutions. Visit xignite.com or follow on Twitter @xignite.

08/03/2021

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 Neeva, the world’s first ad-free, private subscription search engine. Neeva has built features to deliver information in a more user-friendly manner to a general audience. One new feature is a stock tracker, enabling users to look at stock prices based on different time intervals and other key data points. The stock tracker is powered by Xignite financial data. Click HERE to download the case study containing the full results.

Neeva’s stock tracker requires significant quantities of high-quality market data to function. The company initially enlisted a legacy data provider but quickly ran into issues with data and API quality. Neeva needed to integrate quickly and required fast and reliable financial data. After a trial and receiving a recommendation from another client, Neeva identified Xignite as a provider capable of delivering large quantities of market data in a comprehensive and developer-friendly manner. 

“We were impressed by Xignite and committed to them following a successful trial,” said Stephanie Chang, Head of Marketing at Neeva. “The main factors that drew us to Xignite were the consistency of their stock ticker coverage and the granularity of their time-series ticker data, as well as the speed and reliability as well as the speed and reliability of their API,” added Chang.

Integration of the Xignite financial data APIs into Neeva’s stock widget took less than two weeks, and Neeva noticed immediate results in terms of breadth, detail, and API quality. Powered by Xignite’s global quotes and global historical APIs. Neeva presents its users with rich and desirable views of key data points for a huge variety of stocks. Users can use a time-based filtration mechanism to drill into metrics like open price, daily highs, and lows, 52-week highs and lows, volume, and market cap. 

“Xignite’s vision is to Make Market Data Easy. With our industry leading technology combined with Neeva’s user friendly search engine we have done just that,” said Stephane Dubois, CEO and Founder of Xignite. “We look forward to continuing our work with Neeva as they disrupt the search engine marketplace.” 

About Xignite

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 to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

About Neeva

Neeva is the world’s first ad-free, private subscription search engine. Neeva focuses entirely on the consumer, delivering only real, high-quality, trustworthy results. Neeva blocks third-party website trackers and will never sell or share customer data with any third party, especially advertisers. Neeva also makes it easy to search within personal email accounts, calendars, and cloud storage platforms surfacing the most important information from the same familiar search box. Neeva was founded by former executives from Google and YouTube. Learn more and sign up at Neeva.com.

07/15/2021

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced today it has enhanced the data coverage for its’ interbanks and interest rates APIs in preparation for the required transition from the London Interbank Offered Rate (LIBOR) benchmark interest rate at the end of 2021.

Used in financial products such as adjustable-rate mortgages, consumer loans, credit cards and derivatives, LIBOR has been the world's most widely used benchmark for short-term rates. But after the 2008 financial crisis the U.S. Federal Reserve recommended a new benchmark interest rate to replace the outdated and problematic LIBOR. In the U.S market the new benchmark is Secured Overnight Funding Rate (SOFR), which is based on transactions in the U.S. Treasury repurchase, or repo, market, where banks and investors borrow or lend Treasuries overnight. Other countries are introducing their own local-currency-denominated alternative reference rates for short-term lending.

Xignite banking, and Fintech customers that build apps for capital markets, investment management, financing, and foreign currency exchange purposes, require interbank and interest rates data to manage exchange and interest rate risk. Xignite enhanced its Interbanks and Rates APIs with SOFR earlier this year and has now added four of the alternative overnight risk-free rates (RFRs) recommended to replace LIBOR for currencies in respective markets. The new rates include Euro Short-Term Rate (ESTR), Swiss Reference Rates (SARON), Sterling Overnight Index Average (SONIA), and Tokyo Overnight Average Rate (TONAR). These additional rates are available now at no additional cost to customers.

“Our rates and InterBanks APIs were the first REST APIs ever released to serve the needs of the lending and banking industries. They uniquely aggregate rates that are used by dozens of firms globally in critical business processes,” said Vijay Choudhary, Vice President of Product Management for Xignite “Given the major shift the industry is experiencing regarding reference rates, it was critical for us to support those new rates to give our clients the data they need to run their businesses,” added Choudhary.

Xignite’s Interbanks API offers real-time and historical interbank and deposit rates for currencies in 40 countries. Xignite’s Interest Rates API provides interest rate data for over 600 global treasury, money market and private capital market instruments and benchmarks. The new alternative T+1 (24hr+ delayed) rates include:

  •         Europe: Euro Short-Term Rate (ESTR) is an interest rate benchmark that reflects the overnight borrowing costs of banks within the eurozone. The rate is calculated and published by the European Central Bank.
  •         Switzerland: Swiss Reference Rates (SARON) represents the overnight interest rate of the secured money market for Swiss francs (CHF). The rate is calculated and published by SIX.
  •         United Kingdom: Sterling Overnight Index Average (SONIA) is the effective overnight interest rate paid by banks for unsecured transactions in the British sterling.
  •         Japan: Tokyo Overnight Average Rate (TONAR) is an unsecured interbank overnight interest rate and reference rate for the Japanese yen. The rate is calculated and published by the Bank of Japan.

About Xignite

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 to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite.

06/09/2021