Market Overview

Fintech Focus For August 13, 2020

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Daily Perspective: Accept my money, or die. - Kublai Khan

Fintech Movers: I wouldn't be surprised to see exchanges charging for [crypto] data ... like exchanges used to not charge for data in U.S. equities. - Ronan Ryan

  • Huntington selects BillGo as partner.
  • Cash App tests new borrowing tech.
  • TradingScreen, Imagine partner up.
  • SimCorp launches Dimension tech.
  • BlackRock, T.Rowe invest in Trumid.
  • Lending fintech SuperSim raised $5M.
  • Nacha adds Visa to Phixius program.
  • BondEvalue, Northern Trust eye DLT.

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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 Robinhood, a leader in free 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: A federal appeals court is letting investors keep roughly $1 billion they received from Lehman Brothers Holdings Inc. after its 2008 bankruptcy filing triggered the liquidation of dozens of collateralized debt obligations. - WSJ

  • Retail chains abandon Manhattan, NY.
  • Jamie Dimon: PPP saved 35M jobs.
  • Lessons from Buffett’s annual letters.
  • Startups over-prepared for pandemic.
  • COVID and the escape room industry.
  • Don’t use Chrome Store for extensions.

hype-cycle

Market Moving Headline: Analysts at the BlackRock Investment Institute announced they were raising their holdings of European equities to overweight, citing "the region’s robust public health infrastructure and a galvanized policy response." - Axios

  • The impacts of unemployment benefits.
  • Oil demand faces bigger virus shock.
  • Sony moves to develop EV concepts.
  • Gundlach predicts Trump will win 2020.
  • Ford recalls 488K vehicles over brakes.
  • Uber may shut down California service.
  • Triple-inverse ETN rises by $10,000.
 

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