Fintech Focus For November 17, 2020

Quote Of The Day: Let us always meet each other with a smile, for the smile is the beginning of love. - Mother Teresa

Fintech Movers: So far, in 2020 (January to October), FinTechs have raised approximately $35.69 billion compared to the $37.07 billion raised in the same period in 2019. - MEDICI

• Software errors closed ASX Monday.
• Banks implementing cloud computing.
• Stake makes play for Millennial super.
• tZERO ATS market data on Refinitiv.
• Brazil CB launches instant payments.
• Schwab launches an experience algo.
• Wells Fargo providing new quant tech.
• FXCM teams up with fintech oneZero.
• BNP launches Amazon Alexa service.
• Republic is acquiring NextSeed’s tech.
• PwC divesting out of fintech business.
• InvestiNation adds crowdfunding tech.
• AmEx is fixing supply chain payments.
• CVS eyes QR checkout code support.

Watch For This: Former federal prosecutor Sidney Powell, a Trump campaign lawyer, suggested in a Sunday interview that there is still more evidence coming out in President Donald Trump’s claims of voter fraud and irregularities. - ZeroHedge

• Asia emerges as winner of pandemic.
• COVID’s impact on B2B rebate deals.
• Stop COVID-19 or save the economy.
• Trump looks to withdraw more troops.
• Paint upcharges costly for carmakers?
• Biden’s victory came from the suburbs.

Market Moving Headline: Positive news on Covid vaccines gives us greater confidence that the economic restart can re-accelerate in 2021 – and that the cumulative activity loss from the virus shock will ultimately be a fraction of that seen after the global financial crisis (GFC). - BlackRock

• US logging 1M new coronavirus cases.
• Tesla is getting added to the S&P 500.
• Costco is paying out special dividends.
• Faster recovery odds rise with vaccine.
• OPEC is weighing an oil cuts extension.
• Airbnb’s IPO filing shows slower growth.
• Aluminum’s demand optimism prevails.
• Berkshire is betting on vaccine makers.
• Oil gets pop on promising vaccine news.
• PNC’s BBVA buy preps national growth.
• Moderna vaccine gives the world hope.
• IBM taps DLT for gaming environments.
• Vaccine doesn’t undermine yield search.