how apis are reshaping the future financial services
TRANSCRIPT
#FINTECHREVOLUTION
xignite
How APIs Are Reshaping The Future Financial ServicesMoneyConfBelfastJune 2015
Stephane Dubois - CEO & Founder - Xignite
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AGENDA XIGNITE BACKGROUND WHAT IS FUELING THE #FINTECHREVOLUTION? WHY APIS MATTER TO FINTECH AND FINSERV? WHAT WILL THE FINTECH API ECOSYSTEM LOOK LIKE?
XIGNITE BACKGROUND
AWSSince 2008
2006Funded
$16MRaised
40Employees
1000+ Clients
1000+ APIs
30B Requests/Month
150+Sources
Cloud-Based Market Data APIs
WHAT WE DO
MARKET DATA IS PAINFUL
WE MAKE MARKET DATA EASY
Easiest To Use APIs Fastest Time To Market
Equities Funds Bonds Indices Futures Options Forex Metals Derivatives More.
Quotes Valuation Fundamentals Master Ticks & Bars Analytics Markets
Real-Time Delayed End of Day Historical
AWSNative Cloud
45 Services
1000+
APIs
99.99%
Availability
200 TB of Data
3 MillionInstruments
25 BillionRequests/Mo
20ms Response*
100KMessages/
sec
North America Europe Middle East Asia Pacific Latin
America Africa
Cloud APIsHTTP/S - REST/SOAP - XML/JSON/CSV
Cloud FilesFTP/S – CSV/XML
Cloud WidgetsHTML - Hosted
Cloud StreamingHTTP/S - WebSockets
WE INSPIRE THE BESTFINANCIAL TECHNOLOGY
HORIZONTAL TECHNOLOGY
FINANCIAL SERVICES
DATA VENDORS
OTHERS
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WHAT IS FUELING THE #FINTECHREVOLUTION?
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WHAT IS FUELING THE REVOLUTION?
ECONOMICAL
SOCIAL TECHNOLOGICAL
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ECONOMICAL FACTORS STOCKS ARE AT AN ALL-TIME HIGH NASDAQ BEAT 2000 RECORD IN APRIL 2015
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
0
500
1000
1500
2000
2500
DOW JONES INDUSTRIAL AND S&P500 2000-2015
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SOCIAL FACTORS EVERYTHING MOBILE AND AUTOMATED INSTANT GRATIFICATION
MILLENIALS
xignite2000 2005 2009 2011
$5,000,000
$500,000
$50,000 $5,000
TECHNOLOGICAL FACTORS
Maturing of App
Development Scaling of the Public
Cloud Coming of Age of Social Networking
Dawn of APIs
COST TO LAUNCH A STARTUP
Source: Upfront Ventures
ANDY RACHLEFFCHAIRMAN & FOUNDER
“WE WERE ENABLED BY 3TECHNOLOGIES:ETFs, TRADING APIs, AND MARKET DATA APIs.”
THE DAWN OF APIS
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TECHNOLOGICAL FACTORS APP DEVELOPMENT INFRASTRUCTURE CUSTOMER ACQUISITION CORE SERVICES
100XFasterCheaper
WHY APIS MATTER TOFINTECH AND
FINSERV?
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ASSUMPTIONS CHALLENGEDMONEY = BANK?BANK = TRUST?ADVICE = PEOPLE?
INTEGRATION = VALUE?APIs = TOYS?
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APIS = TOYS?
MARKET DATA COSTS FOR ROBO-
ADVISOR: $50K
MARKET DATA COSTS FOR LARGE
BANK: $250M
Hardware
Software
People
Connectivity
APIs
When the more powerful competitors you have had in 25 years come and challenge your core business by leveraging APIs, you must pause and try to understand what is wrong with the way you operate.
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FINSERV IS RIPE FOR API DISRUPTION Cost Structures are too high Adoption of Cloud is still restrained Capacity of innovation is too limited Regulation is too large a burden Meanwhile, newcomers are re-inventing
the game by leveraging APIs
WHAT WILL THE FINTECH API ECOSYSTEM LOOK
LIKE?
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THE FINTECH API ECOSYSTEMThe new ecosystem is developing.Made of leaders in their respective categories. Interlocking ecosystem of interdependent APIs.Available to end-users or to providers themselves.Growth driven by lower costs, increased business agility
and greater user/investor experience/service.This ecosystem will grow and increasingly power the
next generation of financial applications.
THE NEXT-GENERATION APPLICATIONS
THE INFRASTRUCTURE APIs
THE DATA APIs
THE ANALYTICS APIs
THE WORKFLOW APIs
FINTECH FINSERV
AWS
XIGNITEYODLEE
ESTIMIZE
SR LABS
CHARTIQTRADIER
QUANTCONNECTPLANWISE
QUANTOPIAN
PSYCHSIGNAL TIPRANKS
STOCKTWITS
AUTOCHARTLISTVETR
INSIGHT 360
GF PRODUCTS
THE FINTECH API ECOSYSTEM
NASDAQQUANDL
MARKET PROPHIT
