Finovate 2016

Peakford – A Fintech Pioneer in the Local Hong Kong Property Market

Peakford – A Fintech Pioneer in the Local Hong Kong Property Market

Jason Mok, CEO of Peakford, presented in Finovate Asia on 8th Nov 2016 on a real estate platform his company developed, which applies technical analysis and real-time heatmap on the local Hong Kong property market.

According to Mok, the Hong Kong real estate market accounts for 60% of the mainstream wealth. In recent years, investments in property technology has a compound annual growth rate (CAGR) of 74%.

Peakford is a local fintech startup, which applies big-data analysis, algorithms, technical analysis and charting on the real estate market. Since 90% of the property buyers would search online for more information before making decisions, Peakford strives to become a central hub to enable realtors, property buyers, sellers, and investors to make sensible decisions via visualized statistical and analytical tools.

The central hub that Peakford developed for users is called Exbidata. According to Mok, ExbiData is the first data and technical analysis platform in the real estate industry in the world, supported by big data analysis, charting, technical analysis, investment alert system, and experts in the community. The platform is equipped with the following 7 unique features:

dsc_0583

1.  Persistent Collection of Global Data
The data primarily comes from the government (e.g. The Hong Kong Rating and Valuation Department), industrial organizations and local data providers. What needs to be highlighted is, ExbiData constantly collects real estate data through overseas property market news, geo-location distribution and local transactions histories, from multiple sources in the world, 24 hours a day and 7 days a week.

2.  Statistical Modelling and Technical Analysis
With non-stop data collection, ExbiData could thus have live statistical modelling and technical analysis data on the property market, and then generate reliable analysis and forecasts of macro and micro trends, and articulate investment insights.

3.  Speedy alert system for Timely Decisions
To facilitate timely decisions, ExbiData is equipped with an alert system which reminds investors with turnaround signals and buy / sell advice.

4.  Extensibility of Programming Languages and Interface Platforms
ExbiData supports multiple programming languages, such as R, JSON, Matlab, CSV, Python, and downloading formats such as XML, Excel. Its all-in-one web/mobile app dashboard interface also supports multi-device platforms.

5.  Diverse Visualized Tools on Massive Data
With diverse visualized patterns, ExbiData can generate user-friendly charts and maps to cater for individual preferences and learning needs for different types of members.


6.  User Level of Analysis and Programming
The ExbiData’s library has abundant technical analysis indicators. The platform allows both novices and sophisticated users to customize their levels of data management. Novices can easily plot their own charts by selecting the desired technical indicators, chart algorithms, and alert parameters, while professionals can download or import API to their platforms, so that they can set their own algorithms and create alert checkpoints for their own strategies.

7.  Social Sharing Enablement for Deeper Insights
ExbiData is also equipped with social sharing functions, members can easily share their customized charts and portfolio ideas via social media. There is also an expert community which allows members to interact, learn, and collaborate with each other in real-time. Those sharing of good insights may be rewarded.

In Hong Kong, property has for long been the major asset class for keeping local people’s wealth, but there has also been a lack of a comprehensive data platform, including updated modelling analysis and reliable price forecast, where there are abundant for the stock market. As the pioneer local fintech startup in the real estate industry, Peakford now fills the void. Good news is that Peakford provides affordable solution through a “pay-as-you-use” model for to its subscribers. Its monetization model currently primarily come from advertisers and partners.

Financial Software Development Made Easy by APIs

Financial Software Development Made Easy by APIs

Building any financial apps, websites or applications will require access to data feeds from various sources such as exchanges and data providers such as FactSet and Morningstar.  In the past, the data often have to be downloaded onto the local computers before they could be analysed.  It takes a lot of storage.  Moreover, different types of data come from different providers with different input interface.  Now thanks to the APIs from Xignite, the whole process now becomes much easier.   I am delighted to hear from Stephen Dubois, founder and CEO of Xignite at Finovate Asia 2016 on November 8, which is part of the Fintech Week in Hong Kong.

img_7170

Xignite is a market data provider based in California.  It has licensed different types of data including quotes, valuations, earning estimates and fundamental data from different sources.  Users can thus access their data through APIs.  It offers two major advantages: all the data are cloud based, this means that the cost of storage is eliminated.  Not only that, it facilities the writing of mobile apps which use data from the cloud.  Secondly, the APIs for different asset classes have been standardised to make them easier to deploy.  The data have been cleaned up and standardized.   It significantly cuts down the development time.

Today, more than 1,000 companies from 55 countries are using Xignite’s technology to run their applications.  They include well established players such as Bank of Montreal, BlackRock and Charles Schwab as well as start-ups such as robo-advisor firms Wealthfront and Betterment.  Xignite estimated that this year they will serve 1.6 trillion API requests.

Xignite has received many awards including Forbes’ FinTech 50 and KPMG FinTech 100.  Stephen himself was nominated as the Fintech Person of the Year by FTF News.

As Kerry Langstaff, the Chief Marketing Officer of Xignite, explains, the key advantage of her firm is customization.  The user only pays for specific asset class and specific frequency.  The fact that the data is stored on cloud make developing mobile apps very easy.  Undoubtedly APIs make writing financial applications easy.

img_7175

Xignite to License its AWS-based Market Data Cloud Platform to Exchanges and Data Vendors

Xignite to License its AWS-based Market Data Cloud Platform to Exchanges and Data Vendors

Solution Challenges Legacy Market Data Distribution Models with Move to Public Cloud

 

HONG KONG – FinovateAsia 2016– November 8, 2016 — Xignite, Inc., the leading provider of cloud-based financial data Application Programming Interfaces (APIs) announced todaythe ability to license the company’s Market Data Cloud platform.

The Xignite Market Data Cloud is a cloud-based market data distribution solution that helps exchanges and financial data vendors distribute their data via massively scalable APIs from the Amazon Web Services (AWS) public cloud. The solution allows market data to remain stored in the cloud and be consumed only when, and, as needed. The Xignite solution enables exchanges, data vendors, index companies and other data originators in the $26 billion market data space to quickly upgrade or replace legacy distribution technology, while drastically reducing their infrastructure costs. Customers can deploy and independently operate the Xignite platform in their own cloud environments.

Today, most real-time and reference data is distributed via proprietary terminals, such as the Bloomberg Professional, legacy data feeds, such as those offered by Thomson Reuters, or flat files over FTP. These legacy approaches are infrastructure-heavy and require firms to replicate the market data inside their data centers at great expense. The solution helps customers such financial institutions and fintech companies innovate while drastically reducing their infrastructure costs.

“In a few years, most enterprise applications will have migrated to the cloud and billions of devices consuming such data will also be operating off the cloud,” says Stephane Dubois, CEO and founder of Xignite. “If your data is not in the cloud by 2020, your business will probably not survive.”

Xignite is the pioneer of market data in the cloud, introducing its first pure-pay commercial REST API in 2003 and its first AWS-powered API in 2008. The firm serves more than 1 trillion API requests per year and usage is growing by more than 300% year on year.

The Market Data Cloud supports:

  • Delivery of data via cloud-based REST APIs (CloudAPIs), HTTP streaming to end-user devices (CloudStreaming), HTML5 widgets (CloudWidgets), cloud-based files delivered to AWS S3 accounts (CloudFiles), and market event alerts (CloudAlerts).
  • Instruments in every financial asset class (equities, ETFs, mutual funds, fixed income, FX, futures, options and other derivatives)

 

About Xignite
Named one of the ten coolest brands in banking, Xignite, Inc. empowers innovation across financial services. Xignite provides cloud-based real-time and reference market data to financial services and fintech companies for easy integration with websites, apps, and software. The Xignite Market Data Cloud platform, hosted by AWS, allows companies to simplify infrastructure, scale quickly, and innovate faster. Xignite’s clients include more than 1,000 financial services, media and software companies including BMO, BlackRock, Charles Schwab, and IEX, as well as leading fintech disruptors such as BettermentFutureAdvisorIEX, Motif InvestingPersonal CapitalRobinhoodSoFi, StockTwitsWealthfront and Yodlee. Visit http://www.xignite.com or follow on Twitter @xignite.

 

FinovateAsia 2016: Presenter Roster Revealed & Early-Bird Ticket Deadline

FinovateAsia 2016: Presenter Roster Revealed & Early-Bird Ticket Deadline

FinovateAsia 2016 (Hong Kong, November 8), a showcase of the best innovations in financial and banking technology, is just over a month away, and we’re excited to announce that the presenter lineup was just released!

These impressive presenters came from a highly competitive application process and represent an incredible range of cutting-edge fintech made from and for the Asian market. Each presenter will showcase their newest, most exciting fintech via live demos to an audience of financial executives, venture capitalists, press, industry analysts, bloggers, and fintech entrepreneurs. Without further ado, here are the companies who will be on stage at FinovateAsia 2016:

  • Alpha Payments Cloud
  • Bambu
  • DriveWealth
  • entitlemate
  • eSTORM
  • Euronovate
  • eWise
  • EyeVerify
  • FUCO&SOLUTION
  • GIEOM
  • Gradatim
  • i-exceed technology solutions
  • IDmission
  • net
  • MarketsMojo
  • Moneytree
  • Moxtra
  • NetGuardians Asia
  • Nexmo, a Vonage Company
  • Peakford Electronics
  • Top Image Systems
  • Turnkey Lender
  • VENTENY
  • VIX Verify
  • Xignite

Several additional stealth companies will also be announced closer to the show.

With 36 companies on stage and four hours of networking, no other event packs as much unique value into just one day. Early-Bird tickets are on sale for just $995 through Friday, October 7 – that’s a discount of $100 off the regular ticket price. Register now at asia2016.finovate.com/#register to lock in your spot today! And, don’t forget, because of Miss FQ’s partnership with FinovateAsia, you get an additional 20% discount on your ticket when you use the promotional code MissFQ20. Hope to see you there!

Announcing FinovateAsia 2016: Register Your Ticket Now!

Announcing FinovateAsia 2016: Register Your Ticket Now!

On November 8, 2016, Finovate heads to Hong Kong for the first time with FinovateAsia, a one-day showcase of the best innovations in financial and banking technology from a mixture of leading established companies and hot young startups.

The event will feature Finovate’s signature demo-only format with dozens of companies receiving just 7 minutes on stage to demo their latest innovations to the entire audience. A networking session at the end of the day will give you the chance to speak directly with the innovators you just saw on stage, as well as the other financial institution executives, venture capitalists, members of the press, and fintech entrepreneurs in attendance.

The event will be held at PMQ, a historic venue located in the heart of Hong Kong’s vibrant SoHo district and conveniently accessible via public transportation.

Finovate events attract attendees from some truly world-class companies and organizations. Here is just a small sample of the companies that have been in attendance at our past events: American Express, ANZ, Arbor Ventures, The Asian Banker, Asian Banking & Finance, Bangkok Bank, Bank of Singapore, Barclays, BBVA, Citi Ventures, Deloitte, Discover, Dow Jones Newswires, EY, FIS, Goldman Sachs, IDC Financial Insights, KPMG, MasterCard, OCBC Bank, PayPal, Route 66 Ventures, Sberbank, Sony, Standard Chartered, Thomson Reuters, UOB, and Visa to name just a few. This is your chance to join them and meet with some of the most influential people in the industry while witnessing the most cutting-edge fintech made from and for the Asian market.

Curious to know what companies and innovations will be showcased live on stage? Stay tuned for the initial release of the presenter lineup in September at asia2016.finovate.com/#presenters!

Seats are limited at this debut event in Hong Kong, so be sure to register soon at asia2016.finovate.com/#register. Lock in your spot early, this is one show you won’t want to miss! And because of our partnership with FinovateAsia, you get an additional 20% discount on your ticket when you use the discount code MissFQ20.