Market Overview

Fintech Focus For November 18, 2020

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Quote Of The Day: We are what we repeatedly do; excellence, then, is not an act but a habit. - Aristotle

Fintech Movers: Robinhood Markets, the trading platform that’s proved popular with novice investors, has asked banks to pitch for roles in an initial public offering, according to people with knowledge of the matter. - Bloomberg

  • Moven, Q2 team up on banking tech.
  • Mastercard plans Google Pay rollout.
  • Broadridge intros new VSM platform.
  • Luminex upgrades trade match tech.
  • Curv teams with Solaris Digital Asset.
  • Santander acquires Wirecard assets.
  • Revolut, TrueLayer team on banking.
  • Eris adds a SOFR swap, raises $2M.
  • Chase moves into buy now, pay later.
  • BoA looks to ICE’s FIX API for ETFs.
  • Fidelity Bank signs core banking deal.
  • Neobank Douugh launches in the US.
  • Archa is fixing corporate card market.
  • Payability, Newegg launch a solution.

Watch For This: Renaissance Technologies, which manages the world’s biggest quant hedge fund, and Two Sigma Advisers have seen losses across several of their funds in 2020, a sign of how unprecedented market volatility caused by the Covid-19 pandemic hurt even the most sophisticated traders. - Bloomberg

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Market Moving Headline: Federal Reserve Chair Jerome Powell said the U.S. economic recovery is likely to continue at a “solid” pace yet risks losing momentum as the virus surges, adding that it was too soon to close the Fed’s emergency lending facilities. - Bloomberg

  • Delta Air finds way to sidestep tariffs.
  • Twitter, Facebook’s policies attacked.
  • Home Depot boosts staff pay by $1B.
  • CBs face negative rate, QE overload.
  • Capital One, Wells lead bank closure.
  • Household debt rising on mortgages.
  • Amazon launches pharmacy contest.
  • Moderna’s UK deal to supply vaccine.
  • Walmart forecasts promising holidays.
  • US retail sales slow, stimulus weighs.
 

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