Fintech Focus For December 1, 2020

Quote To Start The Day: Whatever you do, do it well.

Source: Walt Disney

One Big Thing In Fintech: Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year’s biggest acquisition that will create a new data powerhouse serving Wall Street and the corporate world.

Source: Reuters

Other Key Fintech Developments:

• BaaS 2.0 report launched by MEDICI.
• Chip leads savings app returns in UK.
• Euronext migrates Oslo Børs product.
• Visa, Conferma added payments tech.
• CME launches brand new FX solution.
• Marqeta planning on a public offering.
• DeFiner launches crypto savings tech.
• IntelligentCross ATS holds charity day.
• Mastercard, TSYS, Extend intro cards.
• Primer Series A round aids innovation.
• OneConnect expanding via new entity.
• Virgin Money, Twenty7tec created API.
• Forming payment automation strategy.

Watch Out For This: The US is experiencing an unequal economic recovery from the coronavirus crisis – resulting in deepening income inequality that is seeing the most vulnerable communities fall even further behind.

Source: Al Jazeera

Interesting Reads:

• NYC schools to reopen in December.
• AWS outage took down multiple sites.
• Vaccines to ship 24hrs post approval.
• Facebook acquires Kustomer for $1B.
• Disney Freeform eyes female viewer.
• The indoorification of outdoors dining.
• China blew away an economic gauge.
• Trump pressing governor over voting.
• Pershing Square to join the FTSE 100.

Market Moving Headline: The pandemic has the potential to trigger a more sudden realignment, reinforcing technological innovations, commercial trends and movements in politics. This is bound to lead to major shifts in economic activity, corporate earnings and ultimately asset valuations.

Source: BNP Paribas