Financial Technology Firms account for 10 percent of CNBC Disruptor 50 Ranked Companies
Xignite, the leading provider of market data cloud solutions, is proud to announce that six of its clients have been recognized as leaders amongst the most disruptive start-ups revolutionizing business around the globe, according to the 2015 CNBC Disruptor 50 list of private companies whose innovations are revolutionizing the business landscape.
In the third annual CNBC Disruptor 50 list, private companies profiled raised more than $22 billion, and seven attracted $1 billion of finance in private-equity rounds. This year, nearly 400 companies were considered and those firms were judged against a proprietary blend of criteria. The process also included a survey by CNBC's Disruptors Advisory Council to rank the criteria in terms of impact on the company's overall ability to disrupt established industries and public companies. The council found that "creating a new market or ecosystem" and originality were the two most important criteria in determining how disruptive a start-up is to established companies or industries, according to CNBC.
The six fintech firms included in the annual rankings account for 12% of the entire list. These 6 companies are powering their innovative financial technology solutions using Xignite market data APIs and its cloud-based platform. By revolutionizing the way market data is delivered itself, Xignite has empowered potential billion dollar fintech startups to easily access and integrate the financial information needed to power their applications rather than using complex and cumbersome market data feeds.
The Xignite customers featured on this list are as follows:
• Motif Investing
• Narrative Science
• Personal Capital
“The unique way we deliver traditional market data through our APIs acts as an agent for change within the financial space,” said Stephane Dubois, CEO of Xignite. “We are seeing a surge of former bankers from across the globe move to fintech and we have enabled a massive disruption in how these executives used to source and integrate the data which is crucial to running businesses. To even see that more than 10% of the CNBC business disruptors list is made up of fintech firms makes a statement within itself and we are proud to be powering those companies through our own innovations which has bred an explosion of unique businesses around the globe.”
To read more about the 2015 CNBC Disruptor 50, visit: http://www.cnbc.com/id/102609977.
Named one of the ten coolest brands in banking, Xignite, Inc. provides cloud-based financial market data APIs to help emerging companies and established enterprises deliver real-time and reference market data to their digital assets, such as websites and apps. Xignite’s clients include more than 1,000 financial services, media and software companies from disruptive fintech firms, such as Betterment, FutureAdvisor, Motif Investing, Personal Capital, Robinhood, StockTwits, Wealthfront and Yodlee, to leading financial institutions, exchanges and market data vendors including, NASDAQ OMX,SIX Financial Information and BMO. For more information, visit http://www.xignite.com or follow on Twitter @xignite.