Data vendors and fintech incubators collaborate to create API ecosystem for market data
Financial market data provider, Xignite is partnering with 21 other firms to create #FintechRevolution, a one-stop shop for developers to source market information. Developers will gain access to non-traditional APIs such as trading sentiment, crowdsourced stock ratings and corporate governance records in addition to Xignite's range of APIs of market data. The 21 involved in the venture includes data vendors Estimize, Yodlee, StockTwits, TipRanks, AutoChartist and PsychSignal, plus fintech incubators ValueStream Labs in NY, Draper University in Silicon Valley, London's Level39 and Boston based Fintech Sandbox. Greg Neufeld, Founding Partner at ValueStream referred to the venture as the financial services industry being reinvented from the ground up.

A financial market data provider, Xignite is aiming to become a ‘one-stop shop’ for developers to source market information. As part of their model, Xignite has created numerous APIs of market data which can be distributed individually per asset type as well as fundamental information such as figures that can be implemented to build economic calendars and financial reports of stocks.

Expanding their available information distributed via API, Xignite is launching a new program called #FintechRevolution. The program is a partnership with 21 other firms and is a collection of data vendors and Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term incubators. Among the data vendors include Estimize, Yodlee, StockTwits, TipRanks, AutoChartist and PsychSignal. Incubators participating in the program cover the major fintech hotspots with ValueStream Labs in New York City, Draper University in Silicon Valley, London’s Level39 and Fintech Sandbox Sandbox A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United Read this Term that is based in Boston.

With the partnership, in addition to Xignite’s market data APIs, developers will gain access to non-traditional APIs such as trading sentiment, crowdsourced stock ratings and corporate governance records.

The financial services industry is being reinvented from the ground up

Commenting on the launch of the program, Greg Neufeld, Founding Partner at ValueStream stated: “The financial services industry is being reinvented from the ground up. We wouldn't be investing our time, relationships and capital if we didn't believe that the transformational changes happening today are merely the tip of the iceberg. Startups and enterprises alike must plug into one another to build a better and stronger moat for the future. The #FintechRevolution API Ecosystem initiative better enables data and content integration across the financial services ecosystem, and we're excited to be a part of this movement."