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Market Overview

Fintech Focus For October 16, 2020


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Quote Of The Day: Cowboy innovation is worse than no innovation at all. - Alan Konevsky

Fintech Movers: The shift toward touchless payments is dramatic, with 8x more earnings calls mentions vs. last year. - CB Insights

  • Metromile eyes insurance transparency.
  • Intel bought digital currency for 5 years.
  • The Block introduced a data dashboard.
  • Stripe buys Nigeria’s Paystack fintech.
  • Mastercard, Stride team up on gig offer.
  • Bankia integrated Bloomberg AIM tech.
  • Facebook’s Libra taps HSBC executive.
  • Skynet Labs unveils a platform for apps.
  • Securitize buys Distributed Ledger Tech.
  • NYSE invites companies to test listings.
  • Archax exchange raised $8M in funding.
  • Ebanx makes a Central American push.
  • PayPal eyes growth, invests in Extend.
  • Tide, GoCardless partner on payments.
  • Rapyd partners with InComm Payments.

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 Nasdaq, a provider of trading, clearing, exchange technology, and public company solutions.

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: Coronavirus infections jumped by almost 17% over the past week as the number of new cases increased in 38 states and Washington, D.C. - Axios

  • Diet and vulnerability to the coronavirus.
  • Bill Gates suggests he was a naive CEO.
  • Young, dumb traders created nightmare.
  • Russia withdrew from MH17 liability talk.
  • Voter-registration giving Trump an edge.
  • Army for Trump preparing to poll-watch.
  • No more indoor meetings for UK till April.


Market Moving Headline: Kristalina Georgieva, the managing director of the International Monetary Fund, told CNBC Thursday that she has “no doubt” the U.S. will implement a new economic stimulus package that will help reduce the current uncertainties for the global economy. - CNBC

  • Snapchat launches TikTok rival, Sounds.
  • Thus far, 40+ oil companies went under.
  • FedEx, UPS facing biggest season ever.
  • Walgreens entered return to profitability.
  • Canadian homes sales, prices hit record.
  • McConnell opposes Trump on stimulus.
  • Deutsche Bank revamps business offer.
  • France, Netherlands eye tech regulation.
  • SMEs rake $3.5B on Amazon Prime Day.
  • Recovery looks shakier on rise in claims.
  • Senate committee will subpoena Twitter.
  • Morgan Stanley profit crushes on trading.

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Posted-In: Amazon Prime Day Archax Axios Bankia Bill Gates Bloomberg CNBCFintech