Fintech Focus For July 27, 2020

Daily Perspective: God created war so that Americans would learn geography. - Mark Twain

Fintech Movers: Startups can fail for lots of reasons, but Silicon Valley usually says it is “product-market fit.” “Lean startup” culture has taught entrepreneurs to prioritize testing and customer feedback. But too many startup founders have ignored culture, management, and taking care of employees. - Quartz

• Stripe has partnered with Notarize.
• Brian Armstrong explains analysis.
• MX releases data connectivity API.
• Is crypto considered to be fintech?
• NY bolsters fintech leadership role.
• Big banks look to cloud over digital.
• Bux expands fee-free trading app.
• Federal Reserve eyes crypto tech.
• Fintech demand and trademarks.
• Binance teams up with CM-Equity.
• MSCI forges a bond with Microsoft.
• RBC moved its AI unit to the cloud.
• Citi HK uses bot tech for reporting.
• Stashaway startup has raised $16M.
• Deutsche Bank invests in Traxpay.
• Equifax acquired Ansonia, a fintech.

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 Invstr, a new way to learn and invest in the stock market.

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 annual flow of plastics into our oceans is on a trajectory to triple over the next 20 years, which could add up to 110 pounds of plastic trash for every meter of coastline worldwide, a new report finds. - Bloomberg

• The best single-operator newsletters.
• Elon Musk’s SpaceX to raise funds.
• Kanye Partners backs FreightWaves.
• Traits of tech in a new work reality.
• Dividing worth and company success.
• Morning Show host slams Joe Biden.
• China taps into US medical research.

Image by Goldman Sachs Global Investment Research and OptionMetrics, from Market Ear.

Market Moving Headline: U.S. stock futures slipped and Asian shares came under pressure in early Monday trade as tit-for-tat consulate closures in China and the United States fanned worries about worsening diplomatic ties between the world’s two largest economies. - Reuters

• Market update for the week ahead.
• SAP floats Qualtrics, unwinding buy.
• Life science funding spikes in 2020.
• Big tech has stumbled on earnings.
• GDP isn’t really going to shrink 30%.
• Hertz to pay lenders nearly $650M.
• Tesla takes aim at Rivian via suit.
• Waymo, Fiat sign deal over vans.
• Gold futures surge to near record.
• Amazon’s Scout expands to cities.
• Japan leads losses in Asian market.
• Trump signed orders on drug prices.
• Ford fast-tracks Bronco Crew-Cab.
• Facebook faces political challenges.