Fintech Focus For September 8, 2020

Quote Of The Day: People love watching fire burn. - Disclosure

Fintech Movers: While challengers might not be making a similar profit in comparison to big banks, it must be noted that large institutions are reportedly seeing their revenues slashed as a result of the emergence of neobanks. - Finextra

• How Infor drives enterprise efficiency.
• IHS, Tokyo Exchange combined data.
• Starling revamped charging structure.
• Visa, NovoPayment launch platform.
• Wisr intros a secured vehicle product.
• Mastercard, QDB team on innovation.
• DXtrade platform adds FXStreet data.
• ASX DataSphere accessibility grows.
• SushiSwap transfers project control.
• Trumid transforms tech, eyes growth.
• ICE completed purchase of Ellie Mae.

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 fintech space.

Ahead of the November 10, 2020 event, this newsletter highlights disruptive innovators working to create positive and diverse change in financial services.

Today's disruptive innovator is Covered by SAGE, a tech-driven insurance brokerage.

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 For This: Silicon Valley tech companies like Facebook and Google have begun departing from the traditional style of campus designs, often closed off from the general public. - CNBC

• Unit economics and raising VC funds.
• 20% of Deutsche Bank staff to return.
• Tesla fan creates a Cybertruck clone.
• UK hopes to grow home affordability.
• China delays visas for US journalists.

Market Moving Headline: Whether this sell-off is nothing more than a short-term inventory correction, the presence of additional poor structure below us, coupled with a mixed fundamental picture, suggests there may be more downside in play. That said, heavily-weighted index constituents are in an uptrend, while major market indices are in a short gamma, high-volatility environment. - Benzinga

• Taiwan and US forge 5G supply chain.
• China affirms tech deal approval rights.
• Tesla production growth is exponential.
• Japan’s economy shrank last quarter.
• Russian Q2 strong but concerns loom.
• Fitch revised up global GDP projection.
• China soybean imports at highest ever.
• Oil stuck near monthly low on demand.
• UK threatens to tear Brexit agreement.
• Updated credit views on volatility risks.