Market Overview

Fintech Focus For November 4, 2020

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Quote Of The Day: The question isn't who is going to let me; it's who is going to stop me. - Ayn Rand

Fintech Movers: Voice technology has the potential to improve financial services in more ways than just convenience and accessibility. - SDK.finance

  • Alameda invests $3M in 3Commas.
  • Schwab on advisor tech integration.
  • Eurex extends its clearing incentive.
  • Bitters intros crypto trading platform.
  • CIBC launched its GoalPlanner tech.
  • ZenGo to launch a crypto debit card.
  • Fiserv intros contactless payments.
  • China’s clampdown on microlending.
  • Credit Suisse tapped Torstone tech.
  • Temenos to host SCALE conference.
  • PayPal details its digital wallet plan.
  • How RBC built an AI trade platform.

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 TrendSpider, a platform for technical analysis.

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: Bank of America, Citigroup, JPMorgan, Goldman Sachs, and other top banks must face claims that they conspired to fix the price of “variable rate demand obligations,” a type of municipal infrastructure bond that can be redeemed at short-term interest rates that are reset weekly. - Bloomberg

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Photo from Mortgage Monitor by Black Knight. 

Market Moving Headline: The markets are now repricing the risk of more restrictive measures on businesses globally related to increasing infections. GDP estimates for full year 2020 are varied, but unequivocally negative. Most analysts are predicting an annualized slowdown in the neighborhood of 5%. - Cboe

  • Ant Group’s blockbuster IPO halted.
  • Netflix taps ‘Hollywood of Mid-East’.
  • OPEC, Russia study deeper oil cuts.
  • Factory orders up, outlook uncertain.
  • Spirit posted further quarterly losses.
  • ASEAN nations begin transit regime.
  • Cruise industry extends suspension.
  • Democrats look to energy innovation.
  • Walmart ended Bossa Nova contract.
 

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