Fintech Movers: Big investors are backing online banks more than ever, betting that these upstarts' low overhead and nimble technology stacks will let them keep grabbing customers from traditional financial institutions. - Fortune

• Robinhood earns $450M in PFOF.
• The rise of buy now, pay later tech.
• MassMutual funding FinTech Week.
• Veem simplifies business payments.
• Deutsche Börse looking to buy ISS.
• Ant IPO dependent on fintech rules.
• Principal receives innovation award.
• Visa’s ambition goes beyond Plaid.
• Google Pay gets a major makeover.
• Daylight adds LGBTQ banking tech.
• TravelBank adds new tech features.
• Nutmeg, JPM team on Smart Alpha.
• Morgan Stanley has FinTech quality.
• Morningstar is adding ESG analysis.
• Mastercard, Finicity deal is secured.
• Obligo taps $15.5M for renting tech.
• NestEgg has raised a $7M Series A.
• AlgoDynamix adds forecasting tech.

Watch For This: A change of government in Washington is coming at the precise moment that some of the biggest innovations in financial technology — fintech — are about to arrive, and it will either be a breakthrough for the American economy or a needless train wreck. It all depends on who Joe Biden names and who the Senate confirms in key regulatory posts. - The Hill

• MMA fans get ROI for engagement.
• Twitter’s ‘Fleets’ struggles on loads.
• Internet of cash is driving standards.
• Zoom to drop limit on Thanksgiving.
• NYC’s recovery from COVID suffers.
• Venture capital doesn’t build things.
• Pandemic driving consumer finance.

Market Moving Headline: U.S. politicians are behaving like children by not passing a new stimulus bill that could help Americans whose income has been wiped out by the coronavirus pandemic, JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday at a New York Times conference. - Reuters

• Maersk CEO eyes volume rebound.
• Fed’s Williams discusses virus risks.
• Housing starts blew out estimations.
• Airlines prep for vaccine distribution.
• Apple is dropping its App Store fees.
• Biden looks to progress on stimulus.
• Target beats blew away on demand.
• GM to announce boosted EV spend.
• Goldman Sachs is restarting layoffs.
• US airlines preparing 737 for flights.
• CME plans volatility product launch.
• Barkin looking at need for more QE.
• Pfizer-BioNTech cure is streamlined.