Market Overview

Fintech Focus For October 12, 2020

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Quote Of The Day: The only impossible journey is the one you never begin. - Tony Robbins

Fintech Movers: The Science and Technology (S&T) Directorate, the research and development wing of the United States Department of Homeland Security, has given close to a million dollars to five blockchain startups. - The Block

  • Robinhood reports hacking incident.
  • Zeppelin raised $2.5M for SME tech.
  • YCharts sold to LLR to spur growth.
  • Clair closed $4.5M for payday tech.
  • Schwab is one of the biggest banks.
  • Euronext, LSEG cleared Borsa deal.
  • UK’s FCA banned crypto derivatives.
  • Bloom Credit closes $13M Series A.
  • Morgan Stanley to buy Eaton Vance.
  • Revolut launches 4.5% savings rate.
  • Citi to automate treasury operations.

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 Voyager Digital, a crypto brokerage.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards! To meet the biggest names in fintech and discover emerging trends, get tickets here.


Watch For This: At least nine people have been killed in overnight Armenian bombardment in Azerbaijan’s second city of Ganja, the Azeri Prosecutor General’s Office said, less than 24 hours after a ceasefire in the disputed Nagorno-Karabakh territory was agreed. - Al Jazeera

  • Iraqi fighters plan to halt US attacks.
  • The UK plans to add new measures.
  • Disney layoffs bad news for tourism.
  • NASCAR, Barstool are parting ways.
  • How companies are managing cash.
  • Exploring Airbnb’s summer recovery.
  • Travis Scott is now a go-to pitchman.

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Market Moving Headline: The Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill using leftover funds from an expired small business loan program as negotiations on a broader package ran into resistance. - Reuters

  • Stock market update for week ahead.
  • Britain wants gaps in EU talks closed.
  • Venture capital funding for Q3 2020.
  • Boeing cut its rolling 20-year forecast.
  • Demand for steel is expected to grow.
  • Hurricane Delta deals blow to energy.
  • The recovery is facing two major risks.
  • Nvidia to build UK’s largest computer.
  • Saudi Arabia to cancel oil output hike.
 

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