Fintech Focus For September 28, 2021

Quote To Start The Day: “The safest way to double your money is to fold it over and put it in your pocket.”

Source: Kin Hubbard

One Big Thing In Fintech: Virgin Money has called on brokers to be more open to financial technology as it admitted engaging brokers with its own new tech has been tricky.

Source: FT

Other Key Fintech Developments:

• Ascend Money grew value to $1.5B.
• Morgan Stanley partnering on APIs.
• Alibaba will stop sale of mining tech.
• Crypto eats cross-border payments.
• Worldline releases white label offer.
• Trading Technologies adds partners.
• Okcoin is eyeing the retail audience.
• JPM added BoA technology banker.
• B2B fintech Aspire secures $158M.
• Social raises $2.9M for new offering.
• Synctera’s CEO on building bridges.
• Cardano to invest $100M into DeFi.
• Starter will host launch of NASDEX.
• Bitfinex spent $24M on transaction.
• Revolut to launch new crypto token.
• Karbon adds $12M in pre-Series A.
• Coinbase to intro paycheck deposit.
• Aave Arc gearing up for deployment.
• Small Exchange intros crypto index.
• Coinbase seeking regulatory clarity.
• Modern Treasury opens new offices.
• Immutable raises $12.5M via tokens.
• Santander plans to shutter PagoFX.
• Scotiabank introduces trading tools.
• MarketAxess joining Bond Connect.
• ING invests in proptech firm, Proda.
• ABN introduced no card withdrawal.
• Hong Kong stood out as fintech hub.

Watch Out For This: The Taliban government in Afghanistan appealed on Sunday for international flights to be resumed, promising full cooperation with airlines and saying that problems at Kabul airport had been resolved.

Source: CNBC

Interesting Reads:

• Popular VC tax break may be at risk.
• Day-trading hamster beats S&P 500.
• TikTok mimics members of Congress.
• Nike still struggles with global supply.
• LinkedIn tests new, paid events offer.
• SEC stops meme stock wash traders.

Market Moving Headline: “​​[T]he bond market thinks the Fed is going to make a hawkish mistake, and stamp out the life in the economy when previously there had been a belief that the Fed would be easy and let inflation move higher.”

Source: Bloomberg