News

29 APIs That Startups Should Consider Before Building Any Fintech Product

Xignite

Let's Talk Payments APIs fintechAPIs will become very important in Fintech. Earlier, APIs were built for networks which were slower and far more expensive. Also, they were designed more from the perspective of data storage than as an active ingredient of coding, which would be called over and over again. Leading APIs are now constructed keeping in mind the reduction in price for network bandwidth and the ability of the cloud ecosystem to provide fast access to massive amounts of information. Most FinTech companies now float their products on cloud services so that they can access API data like an on-premise database. If it’s on the cloud, it’s on their fingertips.

Braintree

Braintree’s Partners APIs provides users with an integrated way to start accepting payments using the Braintree payments gateway. The API allows users to sign up seamlessly from within applications and get instant approvals so merchants can easily receive the credentials on a user’s behalf, basically everything required to process a transaction. It becomes easier for merchants if their customers are already Braintree users, in which case users only need to sign in to initiate payments. For existing Braintree merchants, the Partners API enables developers to build valuable features in their apps like data visualizations and reporting.

CardConnect

The CardConnect API allows secure acceptance of a wide-range of credit, debit and alternative payments. Instead of a high flat rate, CardConnect uses “interchange plus” pricing as processing costs. The API offers features like next day funding, certified PCI level 1, patented tokenization, recurring billing, online bill presentment, hosted payment page and fraud protection as well. From Yen to Euros, CardConnect has you covered. CardConnect’s partnerships throughout the world allow it to offer global pricing and operate in different currencies internationally. CardConnect’s reach includes Canada, Japan, and 18 European countries with more in the very near future.

Dwolla

The Dwolla API provides an interface to integrate the Dwolla payments platform into a software application. Dwolla is a payments processor that provides a web based platform which allows users to send, receive, and request funds from any other user. Dwolla can be used to share money with friends through Facebook and Twitter. Users can also purchase goods and services through the web and mobile devices. The API provides developers with the functionality to send, request, and retrieve account history and send money between Dwolla accounts.

Google

The technology giant offers exclusive Wallet APIs which enable the integration of its popular Google Wallet services. The APIs help streamline purchase flow across mobile apps and websites. Two major API offerings include:

Instant Buy: this API provides a cloud-based method to access and store payment information. It increases conversions by streamlining purchase flow and reducing the amount of information customers need to enter. It can integrate with existing payments infrastructure and offer payment services quickly, easily, and free of charge.

Wallet Objects: this API is a simple platform to connect businesses to millions of Google users and showcase loyalty programs, offers, and more. Businesses can engage with customers through the always-available platform with location-based notifications, real-time updates, and messaging. Moreover, it becomes easier to manage updates at scale through the cloud.

Intuit

The company offers the quickbooks Online API which allows developers to leverage the huge amount of financial data that businesses create within quickbooks. Intuit also offers the Customer Account Data API which, along with the QuickBooks Online API, provides developers with programmatic access to data from more than 19,000 financial institutions. Using these APIs, developers can create third-party applications for QuickBooks which can be offered to consumers through the Intuit Apps.com app marketplace.

iZettle

The iZettle API allows developers to access and integrate the functionality of iZettle with other applications and to create new applications. Some example API methods include managing account information, processing payments, and retrieving payment information. iZettle itself is a mobile, tablet, and web-based payment application. Users can accept payments via mobiles, tablets, and the web with iZettle. iZettle also offers dedicated APIs for integrating support for chip-based card payments. iZettle already offers a mini chip-card reader. Developers can use the chip-card APIs to enable apps to access the card reader and turn the phone into a terminal.

Marqeta

In November last year, payments innovator Marqeta introduced an open issuer processing Payments API. The company already offers a payments platform with feature-rich functionality, making it quick and easy to set up new physical and mobile payment cards, configure multiple funding types, and define how and where cards can be used in real time. Marqeta can power a host of specialty applications, from processing and program management, to multi-merchant commerce, to dynamic spend controls for both business-to-business and consumer use cases. Developers can access all of these features using Marqeta’s open APIs.

MasterCard

The credit card processing giant offers an array of API based solutions to cover multiple aspects of payments solutions. Here are some prominent APIs that MasterCard officially offers to developers for developing payments solutions:

Simplify Commerce: enables acceptance of e-commerce and mobile commerce payments, regardless of the payment brand.

MoneySend: enables money transfer service through multiple access channels.

Mobile UI SDK: can be integrated into a proximity payment mobile UI application to enable mobile banking and mobile wallet service.

rePower: allows participants to add funds to accounts through various points of deposit.

MasterPass – Merchant Checkout: enables online checkout by retrieving payment card information from a digital wallet in the MasterPass network.

Western Union Money Transfers: enables financial institutions to send and receive money transfers using Western Union Agent Network.

PayPal

The REST APIs by PayPal allow the integration of the popular payment processing system into a web oriented checkout system. PayPal also offers mobile SDKs for iOS and Android that make use of the REST APIs. The REST APIs allow payments either using PayPal credentials or using traditional payment cards as well. PayPal Here is an app that works as a cash register to accept payments on phones.

The Adaptive Payments API by PayPal enables merchants and developers to select the payment scenario that is most suitable to their needs. Merchants and developers can create applications that manage payments, payment pre-approvals, and refunds. Merchants and developers also can send money peer-to-peer, and can split payments in both the parallel and the chained models. Merchants and developers can accept guest payments and can schedule disbursements.

Square

In 2014, Square publicly opened its Connect API to allow merchants and third-party developers to create apps and tools around Square’s platform. Merchants can use Connect API to retrieve activity reports for processed payments, refunds and deposits. Square itself received a massive $150 Mn in funds in 2014 and has offered a number of new services like Square Cash and Square Order. Moreover, the company has also come up with upgraded versions of mPOS hardware solutions. We certainly expect Square to offer even more solutions in 2015, from an API perspective.

Stripe

APIs by Stripe lets developers integrate payments within their website or apps. Stripe already went global in early 2014 supporting more than 130 currencies. With Stripe, a customer in South Africa can make purchases from a Stripe-using merchant in UK. For merchants, Stripe APIs bring a one stop solution to multi-currency acceptance rather than having to work with multiple financial partners.

Stripe recently updated its APIs to support Bitcoin based payments as well. Launched in March 2014, Stripe has earned itself a reputation for offering hassle-free online payment APIs to address businesses of all sizes.

Visa

Visa first launched the “V.me” digital wallet solution in collaboration with Nationwide in UK. V.me allows the user to store card information for multiple credit and debit cards from Visa, Mastercard, american express and Discover along with the ‘Bill to’ and ‘Ship to’ addresses for each of the cards. V.me allows making purchases with a single sign-on which is secure across all channels and devices. All of this is possible through the V.me APIs which makes the integration seamless across platforms.

Apple

2014 saw the advent of a secure and convenient way to pay at stores using an iPhone 6 or 6+ with NFC and finger-print Touch ID. Apple Pay is helping users avoid the hassle of carrying a physical wallet and to conduct payments in a secure manner. Apple has provided APIs and SDKs to third party developers to allow them to integrate Apple Pay in their apps. This has seen Apple Pay integrated in a number of payment systems, especially in the case of in-app purchases. More and more banks have been able to integrate Apple Pay thanks to the APIs. This powerful Apple Pay feature will further boost its upcoming international expansion.

Yodlee

Yodlee Interactive, a division of Yodlee, builds APIs to help customers bring innovative FinApps to market more quickly using the richest consumer transactional data in the world. It primarily offers the following two APIs:

Instant Account Verification API – This API is used to enable developers to reduce fraud and risk and also reduce friction. This enables them to get paid quickly because they actually verify the account so the developer can then charge the account making it more seamless and less fragile.

Aggregation API – Enables developers to get access to randomized and securitized bank data through the ability to aggregate accounts, whether it’s an investment account, a bank account, a credit card account, a rewards account, an insurance account, or some other account.

Besides the above two, the company has launched an Enterprise API, custom-built and co-branded for individual financial institutions. Yodlee’s API also allows geo-location information to be added to financial data.

Xignite

Xignite APIs are used by over 40 startups with the clientele including companies such as Betterment, Wealthfront, Personal Capital, Yodlee, Oracle, SAS, Sungard, Charles Schwab, Navy Federal Credit Union, TD Ameritrade, Brinks, GE, and Starbucks. A particular API of the company called the ‘FactSet Fundamentals’ one of the first REST-based APIs to provide accurate and trusted historical financials, fundamentals, earnings and more across more than 170 global exchanges. FactSet Fundamentals joins more than 40 other APIs for financial services in Xignite’s API library. APIs from Xignite provide back-end data integration, powering a lot of financial service ventures.

Plaid

The startup describes itself as “The API for banking data.” Plaid gives developers the tools to integrate with bank infrastructure, and the ability to access and authorize user bank accounts faster than ever before. Plaid offers two primary products through its APIs that allow users and developers to effortlessly interact with financial institutions.

Plaid Connect: It allows developers to dig into the narrative by collecting transactional data from credit, debit, checking, savings and more accounts in a clean, usable format. It intelligently matches the merchant name, category, location and address of each purchase.

Plaid ACH Auth: ACH should ideally be simple for both users and developers. Plaid Auth helps developers authorize and set up ACH payments in a few seconds with the credentials which users already know, instead of esoteric account numbers. Developers can also verify ownership and check balances to make ACH painless.

Finicity

The Finicity platform and API enables software developers to securely and easily integrate customer financial data into their apps. With the RESTful based Finicity Aggregation API, developers can deliver exceptional user experience by leveraging the key API features. More than 16,000 data sources securely connect customers to a broad set of financial institutions to increase the possible market for apps. Comprehensive account types allow developers to feed apps the data they need to deliver a compelling user experience.

Fidor Bank

The Germany-based bank offers a standardized set of RESTful APIs and management systems handled with OAuth for authentication. With Fidor, each user can receive a specific customer ID and associated bank account. Deploying the Fidor API, requests can be made for third party payments or transfers. Single transactions as well as batch transfers or direct debit withdrawals can be made using a single API-driven procedure. Web-based requests can be made to retrieve user information such as ID & customer email. The API enables developers to access general account management features.

Fidor combines a full banking license with its own technology and Open Bank APIs. The fidorOS has been designed to work with an existing core banking system and is expandable beyond traditional banking services. The banking platform is a middleware that provides support for social trading and lending, virtual currencies and emergency loans without being tied to any legacy code.

OANDA

OANDA is a global provider of innovative forex trading services. The company offers free availability of its proprietary fxTrade platform code via the company’s REST application programming interface (API). Programming language agnostic, the OANDA API allows current and prospective partners and individual traders the opportunity to develop customized apps, and trading algorithms and strategies on top of the broker’s award-winning trading platform. OANDA’s API library provides direct communication with its fxTrade servers over secure, authenticated Internet sessions with fully encrypted communication channels.

OANDA has also conducted exclusive FinTech hackathons in the past where developers have showcased the power of APIs by developing amazing applications. Some of the applications as witnessed in past hackathons are:

GlobalFX:  A data visualization tool that uses an animated globe to provide forex traders with a visually interactive way to conduct comparative analysis of currencies over a specific time period.

FinCal: A crowdsourced financial calendar that allows users to input and comment on financial events by the currency pairs they anticipate will be affected.

Regression.io: A tool that allows traders to upload any data set they would like to analyze whether there is a correlation between their data and historical currency prices.

2Checkout

2Checkout maximises online sales conversions by giving global buyers localised payment options. It supports transactions in 196 countries and is used by 50, 000 merchants. A leader in payment services, it offers 8 payment methods, 26 currencies and 15 languages making it one of the leading processors of online transactions in the world. The service is simple to implement, including a pre-integrated payment gateway, a merchant account, PCI compliance, international fraud prevention, and plug-ins for 100 of the most popular carts.

Adyen

A global multi-channel payment company, Adyen offers businesses an outsourced payment solution. This lets merchants to accept payments from anywhere in the world and offer a global payment solution for mid, large and enterprise e-commerce merchants. It has over a decade of experience in running high-volume payments systems. The company which is privately owned and profitable realised a 50 million turnover in 2012.

Balanced

This was the first payment system made for marketplaces from the ground up. It offers a feature-rich, completely integrated API that allows marketplaces to charge cards, escrow funds, deposit next day via ACH direct and collect their own marketplace fees.

BancBox

BancBox lets non-financial institutions to collect, store and send money in a simple, secure and compliant manner. The California-based company provides an API-driven approach to help its clients to offer banking services in their applications.

Card.io

The Card.io system offers an SDK to developers and coders that allows inputting credit card information as cool as holding the card in front of one’s smartphone’s camera.

SecurionPay

This company focuses on high risk industries. Stripe does not do much of the dating/games categories so these guys are a good option. API link

CardFlight

CardFlight permits app developers to easily take in-person payments within their own iOS and Android apps. Its open platform connects mobile app developers with payment processors, focussing on the 90+ percent of credit card payments that happen in real life. Developers use encrypted mag stripe reader and SDK / API so as to easily and securely accept card payments on their apps, with virtual support of any payment processor or merchant account. Users of the service have full control of their integrated app experience without encountering typical complexity of payments integrations.

Coinbase

San Francisco headquarted, Coinbase is bitcoin wallet and exchange service that facilitates exchange between bitcoin and fiat currencies in 26 countries and bitcoin transactions and storage in 190 countries worldwide. Its three core products, an exchange for trading bitcoin and fiat currently, a wallet for bitcoin storage and transactions and an API for developers and merchants to build apps and accept bitcoin payments. The Coinbase Exchange can be funded through a bank transfer or wire, and trades on the exchange have a maker/taker price model.

Fortumo

Founded in 2007 Fortumo lets app and game developers monetize their users through mobile operator billing in more than 80 countries. It offers features like self-service signup and instant activation as well as seamless payment flow.

Invoicera

This online application takes control from traditional pen and paper billing systems. It offers e-invoices to its clients. Its users can send online bills to their clines and can also receive payments the same way. This is good for businesses which have a widespread client base and their payments can be processed on time and at the click of a button through Invoicera.

Judo Payments

This helps businesses across UK to never lose a sale. It offers integrated card payments for mobile apps, provides tools to build a custom mobile payments system for third parties. It aims to make credit and debit card simple and affordable.

Source: Let's Talk Payments

RECENT NEWS

Xignite, Inc., a cloud-based market data distribution and management solutions provider for financial services and technology companies, announced a new Vendor of Record service for clients subscribing to real-time and delayed market data. The new service vastly simplifies the administration and reporting required by exchanges and often eliminates the need to pay redistribution fees, potentially saving clients thousands of dollars a month.

As an approved Vendor of Record, also called a Service Facilitator, Xignite can redistribute real-time and delayed equities and options pricing data from Nasdaq, New York Stock Exchange (NYSE), Options Price Reporting Authority (OPRA), OTC Markets (OTCM), and the Toronto Stock Exchange (TSX). 

Adhering to the complex compliance guidelines required by exchanges is extremely difficult for investment advisers, financial advisers, or order management software providers that need to display real-time or delayed data. Each exchange has its own unique set of regulations and compliance requirements, and clients need to prove that they have control over who receives the data, in what format, and for what use case. Xignite’s Vendor of Record service eliminates the administrative burden of tracking these complex compliance requirements.

The new service utilizes Xignite’s cloud-native Entitlements and Usage Microservices to give firms complete control and transparency of their data consumption and usage. Xignite provides data entitlements, usage tracking, and exchange reporting across various data sets, users, and applications to ensure exchange compliance. Xignite’s new service sometimes eliminates the need to pay expensive redistribution fees. Exchange fees for display data, regardless of the number of users, can cost upwards of $10,000 per month. These high fees are especially difficult for smaller financial firms with just a few real-time data users.  

“Maneuvering through the maze of required compliance policies, entitlements, usage tracking, and reporting requirements, and being subjected to frequent audits is no easy feat,” said Vijay Choudhary, Head of Product for Xignite. “Xignite’s mission is to “Make Market Data Easy.” Today’s announcement is another step towards this. We are taking away the administrative burdens and complexity of licensing market data and allowing our clients the freedom to focus on their investment and trading strategies and building innovative products.”

Xignite’s Vendor of Record service is available for professional users with internal and display-only use cases. The service is available now as an add-on service for subscribers of our real-time and delayed equities and options pricing data APIs. These include:

XigniteGlobalOptions

XigniteGlobalQuotes

XigniteGlobalRealTime

XigniteGlobalRealTimeOptions

XigniteNASDAQLastSale

About Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2003 when it introduced the first commercial REST API. Since then, Xignite has continually refined 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 to build efficient and cost-effective enterprise data management solutions. Visit xignite.com or follow on Twitter @xignite.

09/21/2021

Xignite, Inc., a provider of cloud-based market data distribution and management solutions for financial services and technology companies, today introduced XigniteGlobalETFs, a new Cloud API providing advanced analytical and full holdings data for exchange-traded funds (ETFs) globally. The popularity of ETF investing has been going through the roof and, in 2021, has broken all previous records. ETF data is critical to Xignite's digital investment manager (robo-advisor) clients, such as Betterment and SoFi, and our trading and brokerage clients, such as Robinhood and eToro, who offer their users collections made primarily of specially chosen, low-fee ETFs.

One of the prime reasons for the dramatic increase is that ETFs have become virtually free to buy and sell thanks to innovative Fintech solutions powered by Xignite market data. Robo-advisors such as Personal Capital, SoFi, Wealthfront, and WealthSimple have helped make ETFs extremely popular as an easy, low-cost way to diversify their members' portfolios.

Zero-cost trading stock brokers like Robinhood have attracted investors that use ETFs as trading vehicles. As the ETF landscape evolves, it continues to democratize hard-to-access trading strategies for retail investors. This dramatic expansion, and the complexity of the ETF landscape, make it critical for our clients to have institutional quality data to integrate into their ETF-focused financial software and mobile applications. 

The new API offers daily and historical coverage of all listed ETFs in North America, Europe, and the largest Asian markets. Sourced from CFRA Research, one of the world's largest independent investment research firms, users can analyze underlying constituents across ETFs to quantify and compare sector, factor, and other risk exposures. The Xignite's Data Quality team cross-validates the ETF data across sources and proactively detects and fixes any missing information. 

"Inflows to ETFs have already set an annual record in 2021," says Vijay Choudhary, Vice President of Product Management for Xignite. "It is critical for our wealth management, trading, risk analysis, hedge fund, and other Fintech clients to have access to in-depth research on the ETF industry to make informed decisions on behalf of their clients," added Choudhary.

Xignite APIs are cloud-native and offer a robust selection of use case-based endpoints. These endpoints are ready-to-use pieces of code that developers can easily integrate into their product or app, regardless of type, amount, or frequency of data, without the need for any complex integration logic. The available XigniteGlobalETF endpoints are:

GetHoldings - Returns all holdings sorted by percentage portfolio weight for the specified date.

GetETFCharacteristics - Returns characteristics for one or many ETFs for the specified date.

GetVolatilityStatistics - Returns average volume and volatility at the specified date.

GetFundFlows - Returns fund flows for selected ETFs.

GetFundFlowsRange - Returns fund flows for a selected ETF across the specified time range.

GetHistoricalNAVs - Returns the historical NAVs for an ETF based on a start date and end date.

GetNAVs - Returns the closing NAV for one or more ETFs for the specified AsOfDate.

GetTrailingReturns - Returns trailing returns for one or many ETFs for the specified date.

SearchETFs - Returns a list of ETFs that match the search parameters.

 

About Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2003 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 to build efficient and cost-effective enterprise data management solutions. Visit xignite.com or follow on Twitter @xignite.

08/03/2021

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 Neeva, the world’s first ad-free, private subscription search engine. Neeva has built features to deliver information in a more user-friendly manner to a general audience. One new feature is a stock tracker, enabling users to look at stock prices based on different time intervals and other key data points. The stock tracker is powered by Xignite financial data. Click HERE to download the case study containing the full results.

Neeva’s stock tracker requires significant quantities of high-quality market data to function. The company initially enlisted a legacy data provider but quickly ran into issues with data and API quality. Neeva needed to integrate quickly and required fast and reliable financial data. After a trial and receiving a recommendation from another client, Neeva identified Xignite as a provider capable of delivering large quantities of market data in a comprehensive and developer-friendly manner. 

“We were impressed by Xignite and committed to them following a successful trial,” said Stephanie Chang, Head of Marketing at Neeva. “The main factors that drew us to Xignite were the consistency of their stock ticker coverage and the granularity of their time-series ticker data, as well as the speed and reliability as well as the speed and reliability of their API,” added Chang.

Integration of the Xignite financial data APIs into Neeva’s stock widget took less than two weeks, and Neeva noticed immediate results in terms of breadth, detail, and API quality. Powered by Xignite’s global quotes and global historical APIs. Neeva presents its users with rich and desirable views of key data points for a huge variety of stocks. Users can use a time-based filtration mechanism to drill into metrics like open price, daily highs, and lows, 52-week highs and lows, volume, and market cap. 

“Xignite’s vision is to Make Market Data Easy. With our industry leading technology combined with Neeva’s user friendly search engine we have done just that,” said Stephane Dubois, CEO and Founder of Xignite. “We look forward to continuing our work with Neeva as they disrupt the search engine marketplace.” 

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. 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

About Neeva

Neeva is the world’s first ad-free, private subscription search engine. Neeva focuses entirely on the consumer, delivering only real, high-quality, trustworthy results. Neeva blocks third-party website trackers and will never sell or share customer data with any third party, especially advertisers. Neeva also makes it easy to search within personal email accounts, calendars, and cloud storage platforms surfacing the most important information from the same familiar search box. Neeva was founded by former executives from Google and YouTube. Learn more and sign up at Neeva.com.

07/15/2021

Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced today it has enhanced the data coverage for its’ interbanks and interest rates APIs in preparation for the required transition from the London Interbank Offered Rate (LIBOR) benchmark interest rate at the end of 2021.

Used in financial products such as adjustable-rate mortgages, consumer loans, credit cards and derivatives, LIBOR has been the world's most widely used benchmark for short-term rates. But after the 2008 financial crisis the U.S. Federal Reserve recommended a new benchmark interest rate to replace the outdated and problematic LIBOR. In the U.S market the new benchmark is Secured Overnight Funding Rate (SOFR), which is based on transactions in the U.S. Treasury repurchase, or repo, market, where banks and investors borrow or lend Treasuries overnight. Other countries are introducing their own local-currency-denominated alternative reference rates for short-term lending.

Xignite banking, and Fintech customers that build apps for capital markets, investment management, financing, and foreign currency exchange purposes, require interbank and interest rates data to manage exchange and interest rate risk. Xignite enhanced its Interbanks and Rates APIs with SOFR earlier this year and has now added four of the alternative overnight risk-free rates (RFRs) recommended to replace LIBOR for currencies in respective markets. The new rates include Euro Short-Term Rate (ESTR), Swiss Reference Rates (SARON), Sterling Overnight Index Average (SONIA), and Tokyo Overnight Average Rate (TONAR). These additional rates are available now at no additional cost to customers.

“Our rates and InterBanks APIs were the first REST APIs ever released to serve the needs of the lending and banking industries. They uniquely aggregate rates that are used by dozens of firms globally in critical business processes,” said Vijay Choudhary, Vice President of Product Management for Xignite “Given the major shift the industry is experiencing regarding reference rates, it was critical for us to support those new rates to give our clients the data they need to run their businesses,” added Choudhary.

Xignite’s Interbanks API offers real-time and historical interbank and deposit rates for currencies in 40 countries. Xignite’s Interest Rates API provides interest rate data for over 600 global treasury, money market and private capital market instruments and benchmarks. The new alternative T+1 (24hr+ delayed) rates include:

  •         Europe: Euro Short-Term Rate (ESTR) is an interest rate benchmark that reflects the overnight borrowing costs of banks within the eurozone. The rate is calculated and published by the European Central Bank.
  •         Switzerland: Swiss Reference Rates (SARON) represents the overnight interest rate of the secured money market for Swiss francs (CHF). The rate is calculated and published by SIX.
  •         United Kingdom: Sterling Overnight Index Average (SONIA) is the effective overnight interest rate paid by banks for unsecured transactions in the British sterling.
  •         Japan: Tokyo Overnight Average Rate (TONAR) is an unsecured interbank overnight interest rate and reference rate for the Japanese yen. The rate is calculated and published by the Bank of Japan.

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. 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.

06/09/2021