Market Overview

Fintech Focus For October 29, 2020

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Quote Of The Day: The only place where success comes before work is in the dictionary. - Vidal Sassoon

Fintech Movers: The Cambridge Centre for Alternative Finance (CCAF), the leading research institute covering the global Fintech sector, has partnered with the World Bank on a study reviewing the impact of COVID-19 on Fintech and regulation. - Crowdfund Insider

  • Visa’s foray into fintech provokes DOJ.
  • Digital bank Zopa launches credit card.
  • StartEngine intros a secondary market.
  • Citi readies price-shock detection tech.
  • UNest adds family investment account.
  • TORA intros new management system.
  • Broadridge AI platform expands reach.
  • CASHDROP is monetizing side hustles.
  • Lola added personal finance solutions.
  • Coinbase’s crypto debit card launching.
  • ASX delays blockchain system launch.
  • SoFi announces addition of credit card.
  • Vega IM selected Bloomberg solutions.
  • Refinitiv extended Integral partnership.
  • MEMX prepares to complete full launch.
  • Neocova introduced AI fraud detection.
  • Overstock’s Medici invests $8M in Bitt.
  • JPM looks to digital asset custody tech.
  • Itiviti transitions trading system to cloud.

Benzinga Global Fintech Awards Spotlight:

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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 Scotia iTRADE, a low-cost, tech-focused broker.

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Watch For This: Emmanuel Macron faced the prospect of a widening rift with Muslim countries after leaders from Pakistan to Algeria expressed unease over the French president’s crackdown on radical Islam. - Bloomberg

  • SEC shelved leveraged ETFs measure.
  • Kandji closes $21M for device manager.
  • HSBC’s hybrid work plan a new normal.
  • Tomorrow’s no-code generation arrives.
  • A Fox host compared Giuliani to Steele.
  • France considers month-long lockdown.
  • COVID may topple dominance of cities.
  • Utilization of AI in the mortgage industry.

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Market Moving Headline: Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the U.S. dollar rose on safe-haven demand. - Reuters

  • Visa earnings top, Mastercard misses.
  • Mortgage prepayments to remain fast.
  • Apple search a new Google competitor.
  • Confidence falling in key swing states.
  • Bank of Canada eyes unchanged rates.
  • Senate tech hearing becomes political.
  • US strikes deal with Lilly for virus drug.
  • Good trade deficit falls, growth assured.
  • The green fuels of tomorrow’s shipping.
  • Amazon’s prep for holiday sales rush.
  • Businesses are splurging on insurance.
  • US home prices are rising very quickly.
  • Jeep seen driving FCA back into black.
  • GE shares soar on earnings recovery.
  • Boeing cut jobs on growth of its losses.
  • UPS dropped on e-commerce margins.
 

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