Home > Business > Is There A Fintech Duchy? Xignite's Fintech Revolution World Tour Stops In Luxembourg.

Is There A Fintech Duchy? Xignite's Fintech Revolution World Tour Stops In Luxembourg.


Come see Stephane Dubois, Xignite’s CEO and a well-known and often quoted FinTech thought leader – the event is on may 4th! Xignite is kicking off their FinTech Revolution World Tour this month in Europe. The goal of the tour is to unite FinTech disrupters and sour innovation. In Europe, Xignite will make stops in Amsterdam, Frankfurt, London, Luxembourg, Munich, and Zurich. We asked Stephane Dubois about the purpose of this tour, what he thinks about the Luxembourgish Fintech scene and if Fintech is a wave or a trend?

You will be in Europe for a few days, what is the purpose of your business trip?

This is the European First Leg of our 2015 Fintech Revolution World Tour which will take us to Asia, Australia and the Middle East on top of North America.

[…] discuss the challenges and opportunities that are driving their business.

The goal of the tour is to unite and connect FinTech disrupters and our innovation but also inspire those on the fence to do so. We will meet with fintech innovators in multiple countries and market data professionals in large global institutions to discuss the challenges and opportunities that are driving their business.

why did you chose to come in Luxembourg among others?

There’s plenty to find attractive from a financial and technology standpoint in Luxembourg. Luxembourg’s is the second largest investment fund center in the world after the United States, the premier premier private banking center in the Eurozone, and the second-largest mutual fund market after the U.S.

There is Fintech Valley, Fintech Alley. Is there a Fintech Duchy?

More than 145 banks are established in Luxembourg from 24 different countries and Luxembourg is the top destination for private equity firms looking to expand. But Luxembourg also has a burgeoning fintech industry made of professionals breaking away from main firms and seeking to re-invent some segments of the industry. These are the ones we want to meet. There is Fintech Valley, Fintech Alley. Is there a Fintech Duchy?

Could tell us more about Xignite and your solutions?

Xignite is the leading provider of financial market data APIs. They make sourcing and integrating real-time, daily, delayed and historical market data into fintech mobile apps, websites, and SaaS platforms easy.

Xignite’s APIs cover all asset classes, including Bonds, Derivatives, ETFs, Forex, Futures, Funds, Indices, Metals, Options, and Rates.

They are based in the Silicon Valley and are helping to 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, eToro, The Currency Cloud and Yodlee.

What do you think about FinTech (r)evolution? Is it a wave or a trend?

It is definitely a lasting trend. Traditional finance has been the head buried in a mountain of regulatory sand since the 2008 crisis. Luxembourg itself has to deal with attacks on multiple fronts on some of its main attributes, like privacy. This means that there has been very little room for innovation in that time.

Finance will never be the same, and it is cool again.

This has left a wife path for Silicon Valley and Silicon Alley to burst in and re-invent the business, addressing huge pain points in the industry and coming up with new and compelling advice models. These will have a lasting impact on an industry riddled with inefficiencies and encumbered by a massive cost structure. Finance will never be the same, and it is cool again.

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