Xignite, a provider of market data cloud solutions for financial institutions and fintech companies, announced on Tuesday the enhancements for two of its financial data cloud APIs. Now offering functionality built for greater speed and specificity, these APIs enable fintech companies to provide their users with the ability to follow worldwide business news and track upcoming earnings announcements. Xignite reported that the demand for the capabilities has increased significantly since the COVID-19 pandemic has made a dramatic impact on corporate financials.
Xignite financial data API customers include fintechs such as Betterment, Personal Capital, Robinhood, StockCharts, Wealthfront, Wealthsimple, and SoFi. Additional detail on the enhanced APIs are the following:
- XigniteGlobalNews: This API offers news headlines and summaries for articles related to the economy, business or the financial sector. It includes coverage across over 1,200 publications and websites, drastically reducing time to market for apps that need news and press release content. Headlines and summaries are tagged by sectors covered, company name and more, making them easy to sift through.
- XigniteEarningsCalendar: This API provides forward-looking earnings, dividend data, and events calendar data for trading and risk, encompassing 6,300 companies traded on the U.S. and global exchanges. This provides users with critical information to inform their investments and drastically reduces time to market for apps that need earnings calendar data.
Speaking about the enhancements, Stephane Dubois, CEO and Founder of Xignite, stated:
“Our added functionality endpoints will help people stay on top of the company financial news and global headlines they are most interested in. This is an environment in which conditions and narratives can change at a moment’s notice, and we are pleased that our highly scalable, battle-tested APIs can now play an even bigger role in helping both our clients and their end users navigate this challenging time.”
Founded in 2006, Xignite 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. The company reported that unlike legacy data providers, which require on-premise infrastructure to store and process market data, its data is accessed through the public cloud.