Fintech Focus For October 12, 2021

Quote To Start The Day: “Blockchain can be real, stablecoins can be real.”

Source: Jamie Dimon

One Big Thing In Fintech: The key to maximizing value for customers is merging human and digital experiences.

That's according to U.S. Bancorp’s U.S. Bank vice-chair of consumer and business banking Timothy Welsh, one of the many financial executives, influencers and fintech leaders in attendance at the Money Experience Summit at Snowbird Resort, Utah.

In learning how U.S. Bank powers human potential, Benzinga spoke with Welsh at the event.

Source: Benzinga

Other Key Fintech Developments:

• Tiger Global backs Mono in round.
• Fintech MoonPay valued at $3.4B.
• FrankieOne securing $16M round.
• Citizens added new overdraft tool.
• Crabi added $4M in a seed round.
• ConsenSys funding ups valuation.
• SEC approves the first bitcoin ETF.
• MarketFactory, Tradefeedr partner.
• NatWest acquires banking fintech.
• Judo Bank seeks funds in an IPO.
• Futora raises for its investing offer.
• LSEG, FINBOURNE team on data.
• Mbanq, Temenos team on offering.
• Itiviti integrates post-trade offering.
• Accrue Technologies got acquired.
• McKinsey says CBDCs inevitable.
• EBA Clear, Swift, TCH tested tech.
• ClearBank adding payments offer.
• AvidXchange ups IPO price range.
• JPM joined net-zero bank alliance.
• Binance shuts down some trading.
• Softbank leads Series D for Swile.
• Affirm jumps on Target partnership.
• Productfy taps funds for DeFi offer.

Watch Out For This: With many Americans eager to make this year’s holiday season memorable, this year is no different. Affirm discovered nearly half (48%) plan to spend more money this year because they couldn’t celebrate like they normally would last year.

Source: Affirm

Interesting Reads:

• Los Angeles preparing for air taxis.
• UK steelmakers warning of a crisis.
• Dimon is seeing crypto regulations.

Market Moving Headline: “Despite near-term uncertainty, we expect the equity market will continue to rally as investors gain confidence that the current pace of inflation is transitory,” Goldman Sachs Group Inc. strategists led by David J. Kostin wrote in a note to clients.

Source: Bloomberg