Quote Of The Day: We’re what we repeatedly do; excellence, then, is just not an act however a behavior. – Aristotle
Fintech Movers: Robinhood Markets, the buying and selling platform that’s proved well-liked with novice buyers, has requested banks to pitch for roles in an preliminary public providing, in accordance with individuals with data of the matter. – Bloomberg
- Moven, Q2 staff up on banking tech.
- Mastercard plans Google Pay rollout.
- Broadridge intros new VSM platform.
- Luminex upgrades commerce match tech.
- Curv groups with Solaris Digital Asset.
- Santander acquires Wirecard property.
- Revolut, TrueLayer staff on banking.
- Eris provides a SOFR swap, raises $2M.
- Chase strikes into purchase now, pay later.
- BoA seems to ICE’s FIX API for ETFs.
- Constancy Bank indicators core banking deal.
- Neobank Douugh launches within the US.
- Archa is fixing company card market.
- Payability, Newegg launch an answer.
Watch For This: Renaissance Applied sciences, which manages the world’s greatest quant hedge fund, and Two Sigma Advisers have seen losses throughout a number of of their funds in 2020, an indication of how unprecedented market volatility brought on by the Covid-19 pandemic damage even essentially the most refined merchants. – Bloomberg
Market Shifting Headline: Federal Reserve Chair Jerome Powell stated the U.S. financial restoration is more likely to proceed at a “solid” tempo but dangers dropping momentum because the virus surges, including that it was too quickly to shut the Fed’s emergency lending services. – Bloomberg
- Delta Air finds strategy to sidestep tariffs.
- Twitter, Fb’s insurance policies attacked.
- Residence Depot boosts workers pay by $1B.
- CBs face destructive price, QE overload.
- Capital One, Wells lead bank closure.
- Family debt rising on mortgages.
- Amazon launches pharmacy contest.
- Moderna’s UK deal to produce vaccine.
- Walmart forecasts promising holidays.
- US retail gross sales sluggish, stimulus weighs.
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