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Market Overview

Fintech Focus For August 3, 2020


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Daily Perspective: Stay hungry, stay foolish. - Steve Jobs

Fintech Movers: The ECB says EU financial institutions have an over-optimistic view of their IT resilience and resistance to cyber threats. - Finextra

  • US fintech funding on pace to excel.
  • Tradeweb calls on Nasdaq tech.
  • Cuban-backed fintech Dave grows.
  • Credit Suisse unveils restructuring.
  • Coinbase struggles on flash crash.
  • CVS to introduce PayPal, Venmo.
  • S&P to spin out Qualtrics platform.
  • Bitfinex launches a mobile service.
  • LSE considers Milan exchange sale.
  • Varo snags a national bank charter.

Benzinga Global Fintech Awards Spotlight:

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space.

Ahead of the November 10, 2020 event, this newsletter will highlight one disruptive innovator working to create positive and diverse change in the financial services space.

Today's disruptive innovator is qSpark, a provider of low-latency platforms for high-frequency algorithmic trading.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards!

Watch Out For This: If people washed their hands regularly, wore masks, and kept their social distance from each other, these three simple behaviors could stop most all of the Covid-19 pandemic, even without a vaccine or additional treatments. - CNN

  • Four keys to building your startup.
  • Stanford students short-circuit VCs.
  • Assessing the remote-work boom.
  • Ohio cuts Hydroxychloroquine ban.
  • GM sculptor turns a car into a bed.
  • Florida teens hack Twitter, go to jail.
  • Yale argues jobless benefit theory.
  • SpaceX Dragon successfully lands.

Image by BoA Global Investment Strategy From Market Ear.

Market Moving Headline: Four of the largest U.S. tech companies collectively added roughly $200 billion in total to their market values after hours on Thursday, as each released strong earnings reports that beat analysts’ expectations on most fronts. - CNBC


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