Market Overview

Fintech Focus For August 31, 2020


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Quote Of The Day: Life is a succession of lessons which must be lived to be understood. - Ralph Waldo Emerson

Fintech Movers: Banks have something most technologists don’t have enough of: Banks have domain expertise. Technologists tend to discount the exchange value of domain knowledge. And that’s a mistake. - TechCrunch

  • Amazon gets into financial services.
  • Refining your real estate technology.
  • Sterling Trading will expand globally.
  • DOJ’s antitrust chief talks blockchain.
  • MEMX has updated rollout schedule.
  • BBVA builds gender-neutral chatbot.
  • SweepCast intros order flow insights.
  • Stratify raises $4.9M for budget tech.
  • Virus drives surveillance tech spend.
  • Mastercard aims for touchless tech.
  • Barclays eyes digital token category.
  • Nationwide implements Speed Layer.
  • Railsbank buying Wirecard Solutions.
  • Nerdwallet bought Know Your Money.
  • Habi eyes real estate tech expansion.
  • FTX bought portfolio tracker Blockfolio.
  • Clearwater to roll out modules for tech.
  • FinTech Collective funds Fondeadora.

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 fintech space.

Ahead of the November 10, 2020 event, this newsletter highlights disruptive innovators working to create positive and diverse change in financial services.

Today's disruptive innovator is QCheque, a platform for eliminating bank fraud and facilitating contactless payments with cloud based tokenization.

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 For This: The government in Beijing has grown increasingly irritated over the massive amounts of illegal funds flowing into gambling outside the country through online gaming and video streaming and has launched a series of crackdowns. - Asia Sentinel

  • Rethinking Australia’s defense, security.
  • Social media thought to censor views.
  • You can use GoPro Hero as a webcam.
  • Hedge fund managers are raising fees.
  • 25 of the best colleges for your money.
  • Next transformation for capital markets.
  • Musk trots out pigs in Neuralink demo.
  • Success factors in age of open banking.
  • Tesla the target of a ransomware attack.
  • It’s okay to put your dream job on hold.
  • McCormick eyes Bridgewater’s recovery.
  • Disrupting Bloomberg’s share of market.


Market Moving Headline: In light of short-term, momentum-driven activity and poor structure on both sides of the market, the risks for a near-term correction have increased. That said, heavily-weighted index constituents are still in an uptrend and all sectors saw gains. As of now, the path of least resistance is still up. - Benzinga

  • Companies report record performance.
  • Recovery to be slow despite a vaccine.
  • Home prices hit record, bubble to burst.
  • Japan’s Abe is out, but legacy will last.
  • Amazon Fresh and future of shopping.
  • Mega venture funds not slowing down.
  • House to vote on weed legalization bill.
  • 3 assets that help you weather inflation.
  • DeFi locked crypto doubles in a month.
  • Tech startups prepare to flood markets.
  • Looking at China’s economic resilience.
  • BlackBerry establishes push for China.
  • Buffett eyes Japan, makes a new stake.
  • Walmart wants to be new TikTok owner.
  • Boeing sending Max to Canada for test.
  • Ways telehealth can change healthcare.
  • Corvette team shifts to EV, autonomous.

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