Financial Institutions and Corporations Leverage On-Demand Market Data to Create Tailored Financial Dashboards

Flagstar Bank Selects Xignite Web Services to Improve Access to Financial
Information while Lowering Total Cost of Ownership
SAN MATEO, Calif.--(Business Wire)--
Xignite, Inc., the leading cloud services provider of on-demand, financial
market data and application components announced today that Xignite Web services
are used to power internal financial dashboards as an affordable alternative to
proprietary financial data terminals and portal applications. Flagstar Bank is
one of many companies that have switched to Xignite financial Web services to
create tailored dashboards that meet the specific needs of their business, while
lowering total cost of ownership by eliminating unused data feeds and
unnecessary software and hardware infrastructure.

Publicly traded companies, asset management firms and banks are using Xignite
Web services to power internal dashboards to conduct research, monitor company
performance, improve investor relations, create models and price products,
loans, and assets. Xignite offers more than 50 financial Web services covering
equities, commodities, currencies, interest rates and corporate information that
can be integrated into any Web or software application in minutes, accelerating
application delivery and eliminating development, deployment, and maintenance
costs.

Flagstar Bank utilizes Xignite Web services to drive an internal financial
dashboard that retrieves stock prices, futures, bonds, financial rates and
mortgages at a timed refresh to deliver the data to more than 3,500 employees.
Flagstar selected Xignite for their ability to provide more data, faster and at
a lower cost than their competition. Flagstar has deployed XigniteBATSLastSale,
XigniteHistorical, XigniteMetals, XigniteMoneyMarkets, XigniteRates,
XigniteFutures and XigniteIndices.

"Xignite enabled us to create a powerful dashboard that provides
up-to-the-minute data at a fraction of the cost and development time required by
other market data providers," said Jason Dufner, senior vice president of IT
Content and Banking Systems for Flagstar. "With Xignite, we are able to stay
abreast of the industry's constantly fluctuating stock prices and mortgage
rates, which is critical in today`s turbulent economy. Furthermore, Xignite has
addressed our requirements so well and the dashboard has been such a success
with our users, we revised the initial project to include additional features."

"Financial institutions are between a rock and a hard place with traditional
market data providers. In order to access vital financial information, they are
forced over invest in expensive terminals and services that go way beyond their
needs," said Stephane Dubois, CEO, Xignite. "On-demand financial Web services
free these organizations from this untenable situation, providing them with only
the data they need and eliminating all investments in additional hardware or
software. Now, companies like Flagstar can quickly build powerful internal
dashboards powered by up-to-the-minute financial information that provide a
solid ROI in weeks, not years."

About Xignite

Xignite is the leading cloud services provider of on-demand, global financial
market data and application components. The Xignite financial Web services and
mash-up platform helps companies build smarter websites and software
applications in minutes with zero investment and cost-effective, subscription
pricing. Xignite offers over 50 solutions covering domestic and global equities,
commodities, currencies, fixed income and interest rates, company fundamentals,
corporate information and more. Xignite solutions power mission-critical
applications and financial websites for more than 400 global clients, including
Forbes.com, kaChing.com, NetSuite, Citi, GE Commercial Finance, ING, Starbucks,
Wells Fargo and Wendy's. For more information, visit www.xignite.com or call
1-866-XML-SOAP.

About Flagstar

Flagstar Bancorp, with $16.8 billion in total assets, is the largest publicly
held savings bank headquartered in the Midwest. At March 31, 2009, Flagstar
operated 177 banking centers in Michigan, Indiana and Georgia and 61 home loan
centers in 18 states. Flagstar Bank originates loans nationwide and is one of
the leading originators of residential mortgage loans. For more information,
please visit flagstar.com.

Schwartz Communications
Clinton Karr or Annie Klein, 415-512-0770
xignite@schwartz-pr.com

Copyright Business Wire 2009