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Market Overview

Fintech Focus For August 6, 2020


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Daily Perspective: I have no special talent. I am only passionately curious. - Albert Einstein

Fintech Movers: PayPal executives said society has reached an "inflection point" when it comes to the "death of cash," and noted that 70% of consumers now fear for their health when it comes to paying in stores. - Fortune

  • Schwab adopts TD's thinkorswim.
  • Refinitiv has added Sigwatch data.
  • BBVA intros Google collaboration.
  • Aquis furthers NEX tech migration.
  • Goldman develops app for M&A.
  • Shorter market hours bid hits wall.
  • Fidelity quotes Satoshi Nakamoto.
  • Do not discount insurance tech.
  • Smartbank Sync raises seed round.
  • eBay, LendingPoint launch program.
  • LSEG delivers a new IT platform.
  • Vela deploys market feed in AWS.

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 tastyworks, a brokerage for the active trader.

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: An ex-British Army explosive expert says the explosion in Beirut, Lebanon, shows the tell-tale signs of an ammonium nitrate explosion. CNN's Sam Kiley reports. - CNN

  • Lebanon ignored expert warnings.
  • Nobody is buying fast food breakfast.
  • Biggest search engine raises $15.5M.
  • Social engineering is unlikely to stop.

Market Moving Headline: U.S. private employers hired far fewer workers than expected in July as companies exhausted loans to help with wages and new COVID-19 infections flared up across the country, supporting the view that the nascent economic recovery was faltering. - Reuters

  • Rocket prices IPO at $18 a share.
  • SaaS and its impact on business.
  • US will pay $1B for J&J vaccine.
  • Walmart delays Prime competitor.
  • Facebook intros TikTok-like service.
  • SEC investigates the Kodak surge.
  • Michael Burry right on GameStop.
  • JPM sees portfolio trading surge.
  • US, China to meet 8/15 over trade.
  • Stimulus should target infrastructure.
  • Visa CEO says little hiring right now.

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