Fintech Focus For October 15, 2020

Quote Of The Day: There needs to be a sweet spot between the brand and your community. - Danny Cortenraede

Fintech Movers: [W]e think that over the next five years, Bitcoin presents a multi trillion dollar opportunity. - ARK Invest

• M1 Finance closes on $45M Series C round.
• Deutsche to introduce solutions with Google.
• JPM seeing growth in BTC payment options.
• Singapore approved a DLT bond exchange.
• Linux Foundation and FINOS intro speakers.
• RBC launches AI-powered trading platform.
• Fed is seeking pilot participants for FedNow.
• BlackRock plans launch of Aladdin Climate.
• Morgan Stanley’s AI chatbot to launch soon.
• Fed, 6 other central banks eye crypto guide.
• Singapore Exchange added Baton Systems.
• Brex taps former Spotify executive for CMO.
• SoFi has launched a social trading network.

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 Sigma Ratings, an AI-powered rating agency focused on quantifying company-level non-credit risks.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards! To meet the biggest names in fintech and discover emerging trends, get tickets here.

Watch For This: British Prime Minister Boris Johnson told the head of the European Commission, Ursula von der Leyen, that he was disappointed there had not been more progress in Brexit trade talks, his office said on Wednesday. - Reuters

• 433 founder talks brands, entrepreneurship.
• JPM’s Kolanovic warns all Biden supporters.
• Real-estate influencer hit $500M milestone.
• We should rethink growth to save capitalism.
• Building an 8-figure business by saying no.
• Early voting opened up in 3 more US states.
• Fauci: Trump no longer contagious to others.

Market Moving Headline: Net income for the five biggest U.S. firms totaled $23.2 billion in the quarter, more than triple that of the second quarter and just 12% below the level reported a year earlier. - Bloomberg

• Trump to transform America’s manufacturing.
• PNC saw bump in revenue, reserve stability.
• Goldman bank push brings $96B in deposits.
• United Airlines cuts costs, preps for rebound.
• Zoom launches events platform and market.
• Apple added four iPhone 12 models, 5G tech.
• Oil rises as OPEC complies with production.
• Why Slack looks to Instagram for inspiration.
• Mnuchin says Trump told him to keep at aid.
• EU to hold off on US tariffs till Nov. 3 election.