19 September 2017
visit www.avoka.com

Data outfit Intrinio launches fintech marketplace

20 September 2016  |  3765 views  |  0 Source: Intrinio

Intrinio, based in St. Petersburg, FL, launched the Intrinio Fintech Marketplace this week with the goal of making financial data more affordable and easier to use for developers.

Intrinio's mission is to help investors save money and make time by making financial data affordable and easy to access, and their new platform is positioned to do just that. CEO Rachel Carpenter believes this platform will lead to the development of a new generation of financial tools:

"Developers looking to build FinTech applications face two major hurdles," says Carpenter. "First, traditional data providers are used to selling to massive institutions that have no other choices about where to buy their data- this leads to prices that keep most developers out of the market. Second, developers need financial data that is easy to use, data they can easily integrate into their apps. The Intrinio Fintech Marketplace clears both of these hurdles."

Developers who visit the company's website, www.intrinio.com, can choose from a variety of data feeds including real time stock prices, FDIC bank data, and fundamental 10Q/10K statements for use in their applications. The data feeds can be accessed in API format and are priced to be disruptively affordable with minimal restrictions and self-service signup. Investors can browse the applications developers have built and sign up for data plans to power those applications.

"Intrinio has been successful at using machine learning and rules based algorithms to automate the data collection and cleansing process," said Joey French, President of Intrinio. "Now we are creating a platform where other data providers can give options to Intrinio's community of developers. Data providers who share our belief - that efficient data needs developers to be valuable - can get their data in front of developers, and developers can select the data feeds they need to make their applications purr."

Intrinio has a backlog of data providers looking to add their data feeds to the marketplace, and exponential user growth is driving an explosion of financial analysis applications built on the platform. Key features of the new marketplace include instant chat support for all users, industry leading flexibility for redistribution, and multiple data feeds and applications available for free use. Developers building qualifying applications can take advantage of the Intrinio Developer Program, which includes 6 months of free access.

"Coming into work each day is a blast because every week we are seeing new developers building cutting edge applications," said Conor Farley, Director of Business Development. "I talk to customers combining financial data with cutting edge technology like the blockchain and machine learning, and watching our platform bring those tools to market in days rather than years is a thrill." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
IBM and UBS team on blockchain payments for carsIBM and UBS team on blockchain payments fo...
10562 views comments | 18 tweets | 37 linkedin
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10446 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
9754 views comments | 6 tweets | 17 linkedin
iPhone X gets Face ID for Apple PayiPhone X gets Face ID for Apple Pay
8879 views comments | 11 tweets | 22 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
8797 views comments | 6 tweets | 3 linkedin

Featured job

circa £250K total package
London

Find your next job