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Market Overview

Fintech Focus For October 26, 2020


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Quote Of The Day: Love the life you live. Live the life you love. - Bob Marley

Fintech Movers: As fintech companies mature, many no longer aspire to be the best at one thing. That could mean not only new revenue sources for fintech companies, but also additional venture capital to startups and even a surge in M&A activity. - Crunchbase

  • Nasdaq CEO on machine learning, DLT, the cloud.
  • WordPress plugin allows ETH content timestamps.
  • CME surpasses BitMEX for cryptocurrency futures.
  • MX is providing Borrowell with data cleansing tech.
  • Jefferies’ quant team has built a chatbot for trading.
  • Fidelity International buys LGIM UK investing arm.
  • Chinese fintech Lufax seeks up to $2.4B in an IPO.
  • Mastercard to trial Asian biometric card payments.
  • Digital wallets and the transformation of payments.
  • The dark side of borrowing with new fintech lenders.

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 Yewno, an investment research platform.

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: The United States has seen its highest ever number of new COVID-19 cases in the past two days, while France also set unwanted case records and Spain announced a state of emergency. - Reuters

  • Azerbaijan, Armenia agree on humanitarian truce.
  • 8 tips for leading with intention from an executive.
  • Beijing hoping to reset the US-China relationship.
  • After season of protest, police reform is on ballots.
  • A US hypercar hit 331 MPH on a Nevada highway.
  • Spain intros a state of emergency on virus growth.
  • Pope Francis appointed the first US Black cardinal.
  • Khabib announced his retirement with 29-0 record.


Market Moving Headline: Given Thursday’s responsive buying, there are good odds the market may make another attempt higher, confirmed by follow-through above $3,470 in the S&P 500. If participants were to auction into the $3,406.75 excess low, then the odds of further downside increase substantially. - Benzinga

  • COVID-19 aid bill talks continue, Nancy Pelosi said.
  • EU cuts Canada from traveller list, adds Singapore.
  • US business activity picks up, as growth pace slows.
  • Dunkin’ Brands in talks to be purchased by Inspire.
  • DoorDash invested in a restaurant for the first time.
  • How SPACs are reshaping emerging company roles.
  • China’s top leaders meet to plan for next five years.
  • US tentatively approves Delta and WestJet alliance.
  • 2021 Ford Bronco to cost between $30K and $63K.
  • Augmented reality, VR startup opportunities in 2020.

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