Company’s Market Data API Clients Win for Their Innovative Fintech Solutions
Xignite, the leading provider of cloud-based financial market data, is proud to announce that 9 of its clients have been recognized as among the most influential financial technology companies by bringing home 11 2015 Benzinga Fintech Awards this week. Xignite itself was named "Best in Show" Runner-up.
More than 160 fintech companies were considered for these awards and the most creative, innovative and disruptive were recognized at the ceremony. Benzinga—itself an emerging fintech powerhouse—created the awards to recognize the most innovative companies that are revolutionizing capital markets and wealth management and re-inventing the way investors and traders perform their jobs. The high-energy ceremony was attended by some of the most influential movers and shakers in the financial services industry, all of which have been instrumental in fueling innovation in the fintech space.
Behind all 9 of these companies’ success lie the robust Xignite market data APIs and its cloud-based platform. By making access and integration of market data dramatically simpler than previous generation technologies, the Xignite platform helps fintech entrepreneurs focus on solving customer pains, driving innovation and growing their business. Without the speed and agility that Xignite APIs affords them, these companies would have been wasting precious capital and engineering resources on overly complex legacy technologies, siloed datasets, and unreliable services.
“We are proud to be a key enabler and catalyst of the fintech revolution,” said Stephane Dubois, CEO of Xignite. “I think we are helping power and inspire the disruption of the financial services industry by providing entrepreneurs with simpler, faster and cheaper financial data APIs which help them invent new businesses and revolutionary user experiences. Our technology brings simplicity to the world of market data, and simplicity breeds innovation. We are clearly experiencing an unprecedented burst of innovation in financial services following years of unproductive focus on regulation by the industry. It is thrilling and rewarding to see so many of our clients leading up that effort.”
The 9 Xignite customers who were honored are:
Motif Investing – Motif leads with four nominations. The company lets investors create or buy motifs featuring up to 30 stocks or ETFs following a specific theme. CEO Hardeep Walia was nominated for “Founder of the Year” and Motif was the winner of the “Most Disruptive” category. In addition the company was nominated in two other categories “Alternative Investment – Best in Class” and “A Penny Saved, A Penny Earned.”
Betterment – A triple winner, Betterment is one of the premier automated investing services in the marketplace. Betterment’s CEO Jon Stein was named “Founder of the Year.” In addition, the company was the winner of the “Robo Advisor Tools” category and named Runner-up for the “A Penny Saved, A Penny Earned” category.
ChartIQ - ChartIQ was named “Best in Show,” and took home the top prize in the “Analysis Tools” category. The company allows users to create stock and forex charts for the web or mobile devices and recently announced a partnership with Xignite to launch next generation financial widgets.
Personal Capital – Named Runner-up in the “Robo Advisor Tools – Best in Class” category, and nominated for “A Penny Saved, A Penny Earned”, Personal Capital is an investment advisor offering a free online dashboard to monitor finances.
TipRanks – TipRanks, an aggregator of digitally published stock recommendations, was named the winner in the “Trade Recommendations” category.
TD Ameritrade – Winner “Special Achievement – Educational Initiative”, TD Ameritrade U provides teachers with the tools that they need put market theory into practice in living, breathing markets by utilizing ThinkorSwim trading technology.
Advizr – Advizr was named Runner-up for “Best Enterprise Solution”. The company provides financial planning software for financial advisors.
Market Prophit – Runner-up in the “Creating Proprietary Data” category, Market Prophit analyzes financial chatter in social media and generates sentiment and buzz for stocks.
OpenFolio – Runner-up in the “Best Use of the Crowd” competition, OpenFolio compiles crowdsourced demographic info so its users can know how others in their age, region or industry are investing.
Xignite, Inc. is the leading provider of market data cloud solutions. Xignite makes sourcing and integrating real-time, daily, delayed and historical market data into fintech apps and devices easy and more cost-effective than alternative data feeds. The Silicon Valley-based company is helping fuel fintech innovation by powering web sites and apps for more than 1000 financial services, media, software and corporate clients, including fintech innovators Wealthfront, Betterment, Personal Capital, Motif Investing, Robinhood, StockTwits, and Yodlee. The company’s platform also powers private data distribution solutions for exchanges, market data vendors and financial institutions, including NASDAQ OMX, SIX Financial Information and BMO. For more information, visit http://www.xignite.com or follow on Twitter @xignite.