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Yodlee Interactive's ACE Ecosystem Gives Financial Institutions Access To Over 20 New FinDat Solutions From Companies Such as Xignite, Execu

Xignite

Yodlee Interactive helps banks drive innovation, diversify offerings and create new revenue streams, enabling any financial institution to integrate FinApps from over 20 certified partners

REDWOOD CITY, Calif. -- September 4, 2013 --Yodlee Interactive, the recognized enabler powering financial innovation, is proud to announce the launch of ACE™ (Active Commerce Exchange), a partner focused ecosystem that pairs financial institutions with proven FinApp solutions built by innovative technology companies. ACE launches today with over 20 initial partners, but will continue to add innovative solution providers into the network as they become available. Today’s ACE FinApps cover a wide range of uses, across five key segments: small business, wealth, retail, cards and mobile. The ACE ecosystem will provide financial institutions leveraging Yodlee’s cloud platform with new financial tools and solutions that they can bring to market quickly and efficiently, while also offering new revenue opportunities and improved customer satisfaction.

Learn more about ACE:

The ACE ecosystem will help resolve an ongoing challenge in the financial services industry by making it easy for nimble startups and technology leaders to build secure, certified digital financial solutions for financial institutions of all sizes. Leveraging its world-class network of company and financial institution partners, in tandem with its flexible and powerful developer platform, Yodlee Interactive is powering an ecosystem that accelerates the exchange of new financial solutions. Financial institutions working within ACE will see significant improvements in the innovation process, including faster time to market for in demand services, higher solutions quality, greater technical flexibility across all digital channels and a trusted partner in Yodlee to help navigate through the process.

Financial institutions have struggled to maintain customer satisfaction and traditional revenue streams in today’s difficult regulatory and economic environment, and they are discovering that providing new technology services may be the key to help them improve customers satisfaction, while also creating new revenue opportunities. A recent J.D. Power and Associates study found that customer satisfaction at large financial institutions increased proportionately as those institutions shifted their customer engagement focus toward more advanced online banking services. Yodlee Interactive’s ACE partner ecosystem seeks to accelerate and enhance the transition to advanced digital banking by offering third-party solutions from the industry’s brightest new companies and developers, and making it easy for financial institutions to integrate via the Yodlee platform. ACE already has over 20 companies in the ecosystem at launch, including BillGuard, Buy It Mobility Networks (BIM), Execupay, FreeAgent, FutureAdvisor, LivePlan, miiCard, Narrative Science, PaySimple, PlanWise, Shoeboxed, Tallie/SpringAhead, TipRanks, TouMetis, WilliamPaid, Xero and Xignite.

"Creating a durable competitive advantage, one that can't easily be copied, includes a move to open platforms,” writes Cathy Graeber, VP, Principal Analyst at Forrester Research, Inc. “An open platform strategy will allow financial firms to use third-party providers to create app solutions that will create differentiation through a personalized user experience and segment-specific capabilities.”¹

“Finding, vetting, and then integrating digital financial services and solutions is a complex and time-consuming exercise that can take years to execute properly,” says Jennifer Wilson, Executive Vice President of BBVA Compass. “By leveraging Yodlee’s platform and the ACE ecosystem, we can easily integrate new services into our digital experience in months, rather than years, while offering our customers new, highly personalized experiences.”

In addition to providing financial institutions with rapid access to new innovations, ACE makes it even easier for developers and ACE partner companies to build best-in-class technology quickly across multiple digital channels and platforms. ACE’s developer tools are fully REST and JSON compatible, with HTML functionality that can work across web and mobile offerings, ensuring maximum developer efficiency across available platforms. Additionally, the ACE ecosystem helps developers reach millions of potential users through participating financial institutions without the need to establish relationships on an institution by institution basis.

“As trusted, long term partners to major global financial institutions, we know first hand the challenges they face trying to innovate in a complex legal and regulatory environment”, said Joe Polverari, general manager of Yodlee Interactive. “We’re trying to help financial institutions meet those challenges by bringing together Yodlee’s secure, certified platform and the dynamic developer community represented in ACE. Both financial institutions and their customers will benefit with ongoing, streamlined access to the digital financial services they are demanding.”

¹”Trends 2013: Five Trends Shaping The Next Generation Of North American Digital Banking”, Forrester Research, May, 2013

About Yodlee & Yodlee Interactive

Yodlee is the platform for financial innovation. More than 600 companies globally, including 7 of the top 10 US financial institutions, rely on Yodlee to power personalized financial apps and services for millions of consumers, driving retention, engagement and revenue. Leveraging the industry’s largest financial data platform, Yodlee also delivers real-time insight into consumer behaviors to create more dynamic interactions – anywhere, anytime, on any device.

Yodlee Interactive is focused on making the Yodlee platform available everywhere that value can be created by entrepreneurs, partners, and developers building digital financial apps and services. As the architects of a new digital ecosystem, Yodlee Interactive optimizes the wisdom of the financial technology crowd to create, catalyze and distribute innovations faster through an open and secure data API. Used by hundreds of companies, both small and large, Yodlee Interactive is the horsepower behind today’s coolest and most personalized digital experiences.

Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.

RECENT NEWS

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

01/26/2021

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

01/25/2021

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 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

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 http://www.xignite.com or follow on Twitter @xignite

01/12/2021

Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today announced that its Market Data Management-as-a-Service solution has been named “Best New Technology Introduced over the last 12 months – Infrastructure” at the 2020 WatersTechnology American Financial Technology Awards (AFTAs). Selected by the editors of WatersTechnology, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.

Xignite’s Market Data Management-as-a-Service (MDMaaS) solution enables buy- and sell-side firms to centralize the management of vendor data feeds into their own cloud environment. The solution is built around the cloud microservice-based architecture and technology stack Xignite has been refining and scaling for more than 10 years. Xignite’s technology platform has been the backbone of the company’s Data-as-a-Service business, daily supporting 12 billion API requests of financial data for their 700 fintech and financial services clients. Now Xignite is leveraging this battle-tested cloud-native data management architecture to offer buy- and sell-side firms a market data vendor agnostic offering, with connectors available for firms to load data they license from Bloomberg, Refinitiv, ICE and numerous other providers.

The MDMaaS solution includes a suite of loosely-coupled modules that enable market data user firms to control their data usage, automate entitlements, optimize their data spend and minimize liabilities by simplifying data governance and ensuring regulatory compliance.

The functionality is delivered via microservices, an architectural approach in which core functionality is handled by loosely coupled, independently deployable modules that can work together or separately. Microservices architecture stands in stark contrast with monolithic platforms that require expensive on-premise technology – that is especially hard to maintain in the context of a pandemic.

The MDMaaS microservice-delivered modules introduced in 2020 include:

Xignite Entitlements and Usage - Manage the entitlement of vendor data to users and applications to ensure compliance and eliminate excess spend.

Xignite Optimization - Streamline data consumption to avoid duplicated vendor requests, leverage cached bulk data and get recommendations to reduce data costs.

Xignite Data Lake - Centralize, catalog and connect data shapes to enable frictionless integration by consumers via unified cloud APIs.

Xignite Reference - Aggregate, normalize, store and index vendor reference data to centralize enterprise-wide access.

Xignite Historical - Provide centralized access to normalized, stitched and adjusted historical data via cloud APIs.

Xignite Real-Time - Distribute real-time vendor data via cloud APIs, eliminating on-premise infrastructure.

Xignite Fundamentals - Make simple and complex time-series data structures available via cloud APIs.

“Xignite has pioneered market data in the cloud for more than 10 years now, so we are very excited to announce – and be recognized for – our Market Data Management-as-a-Service solution,” said Stephane Dubois, CEO, and founder of Xignite. “The pandemic has reinforced the need for financial services firms to migrate to the cloud as a means of navigating disruption and enabling scalability, among other benefits. We are proud to spearhead that effort and help the industry modernize its approach to financial and market data.”

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 via its Data-as-a-Service and Market Data Management-as-a-Service solutions. 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

01/06/2021