Fintech Focus For July 9, 2020

Daily Perspective: We are now better at living with the virus. - Deutsche Bank

Fintech Movers: The bro influencers of TikTok, released into the wild with sick iPhone hacks and dropshipping tips but a few years ago, have matured from pups to the Wolves of Social Media. Now they’re harnessing that power with a pump-and-dump scheme involving Dogecoin, the joke currency made of memes, and also Elon Musk’s favorite coin. - Gizmodo

• Quicken files IPO under RKT.
• Startup Bitso scores 1M users.
• Deutsche launches A7 platform.
• nCino targets a $2B valuation.
• Top 5 San Francisco insurtechs.
• Cboe Europe joins TNS network.
• Fintechs disrupting New York.
• Binance products evolve BTC.
• Afterpay raises $650M funding.
• Binance buys Swipe digital wallet.
• BNY, Deutsche develop API tech.
• Mambu integrates CurrencyCloud.
• Mastercard invests in Verestro.

Benzinga Global Fintech Awards Spotlight:

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space.

Ahead of the November 10, 2020 event, this newsletter will highlight one disruptive innovator working to create positive and diverse change in the financial services space.

Today's disruptive innovator is BioPharmCatalyst, a news and data solution for trading and investing in biotech stocks.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards!

Watch Out For This: The president threatened this morning to cut off federal funding if schools don't reopen. - Axios

• China tackles bank runs.
• Trump could ban TikTok.
• Russian journalist jailed.
• Grocery wars are coming.
• Used car demand peaking.
• Miami backs a mask law.

Image Credit: Bloomberg

Market Moving Headline: A federal face mask mandate would not only cut the daily growth rate of new confirmed cases of Covid-19, but could also save the U.S. economy from taking a 5% GDP hit in lieu of additional lockdowns. - Goldman Sachs

• Twitter intros subscriptions.
• China’s v-shape recovery.
• Kohl’s shares surge 10%.
• Antitrust weakens Google.
• Facebook faces policy audit.
• Gilead intros inhaler study.
• Tech giants and Hong Kong.
• Slack, Microsoft battle Zoom.
• Universal pushes back films.
• Fed: U.S. recovery may stall.