Quote To Start The Day: “When someone tells me something can’t be done, I think there’s always a will and a way.”
Source: Randall Kaplan
One Big Thing In Fintech: One driving force behind innovation is disruption.
That’s according to Allison Beer, the Chief Product Officer and Head of Customer Experience and Digital for JPMorgan Chase & Co’s digital banking and innovation arm.
In a conversation with Benzinga, Beer spoke about emerging fintech trends, and how Chase is positioning itself as a holistic destination for digital spending, saving, investing, and borrowing.
Other Key Fintech Developments:
- Umbrella Network eyes testnet launch.
- Zeller raises $25M in an AUD Series A.
- NEM launches Symbol blockchain tech.
- Fintechs, banks team on green finance.
- Tencent loses $62B in a stock fire sale.
- BoA to compete with emerging fintechs.
- M1 launches Community Pies features.
- Robinhood doubles recruiting capability.
- Maduro mulls fintech, a ‘digital bolivar’.
- DBS finished trade on Ant’s blockchain.
- Genesis raises $45M to expand fintech.
- Blend in agreement to acquire Title365.
- GlobeBox secured $3M in new funding.
- Honeycomb Credit raises $1.75M seed.
- CryptoUK trade body raising concerns.
- Koho closed on a $70M funding round.
- Afterpay, Clearpay entered new market.
- upSWOT announces $4.3M seed raise.
- RubiX adds Blockchain Green Initiative.
Watch Out For This: Germany, France, Italy, and Spain have suspended the use of AstraZeneca’s COVID-19 vaccine after several reports of blood clots in people who received the shot in Europe.
Source: Al Jazeera
- France is auctioning off $34M in bitcoin.
- Volkswagen looks to EV, takes on Tesla.
- JUMP Investors CEO on life, business.
- Virtu CEO tweets number to talk PFOF.
- Blackstone targeting growth strategies.
- Biden eyes prosperity over vengeance.
- Two Sigma looking to test hybrid work.
- EU launched a legal action against UK.
- Biden’s tax hike to hurt 400K+ earners.
- Flutter considers spinning out FanDuel.
- Subway ridership hits post-COVID peak.
Market Moving Headline: We see the path out of the Covid-19 shock as a “restart” – not a typical business cycle “recovery.” The key reasons are the distinct nature of the shock, broad-based pent-up demand and different inflation dynamics. The passage of a $1.9 trillion fiscal package and an accelerating vaccination ramp-up in the U.S. magnify these factors, and we believe the restart will likely be stronger than markets expect.