Fintech Focus For May 28, 2021

Quote To Start The Day: “The greatest weapon against stress is our ability to choose one thought over another.”

Source: William James

One Big Thing In Fintech: Mint is the most downloaded personal finance app by some margin, and it’s also the greediest for your data. However, some of this activity is used to connect your different accounts to make the app functional. Most financial apps in our study are more discreet, with Mvelopes and Monefy built for privacy – although, in the case of Monefy, this may limit what it is capable of doing.

Source: Surfshark

Other Key Fintech Developments:

• Meet Southeast Asia’s Coinbase.
• NestEgg launching investing tech.
• WallStreetBets hones in on ETPs.
• Chip plans investment funds offer.
• Hawaiian Bank live with MX Helios.
• Voyager on Blockchain Association.
• AllianceBlock adds mining product.
• Talos closes $40M funding round.
• Acorns going public via $2B SPAC.
• Balancer Labs, key investors team.
• CBA will hone in on open banking.
• Nasdaq tackles fair open auctions.
• FINOS announces new members.
• Binance NFT Market coming soon.
• Google launches market data offer.
• Kodo raises $8.75M in seed round.
• Flywire reaches a $3.5B valuation.
• Stash looks at options to go public.
• Calaxy announces more advisors.
• OneTeam, Linear have teamed up.

Watch Out For This: By using technologies online from the cryptocurrency world, like tokens and blockchains, regular people could participate in real estate transactions that are too unwieldy in the analog world.

Source: Fortune

Interesting Reads:

• Questions about China’s economy.
• Short-sellers hurt by meme stocks.
• Carl Icahn plans to get into cryptos.
• Tesla Model 3 loses ‘Top Pick’ rank.
• Dimon is criticizing Biden’s tax hike.
• Fixing the US through infrastructure.
• Cathie Wood’s future looking bright.
• Survey: 4/10 own cryptocurrencies.

Market Moving Headline: “During COVID, the Fed cut rates and a lot of companies, that faced risk from shutdowns, were able to issue high-yield bonds and loans, and put a lot of debt on their balance sheets,” Bob Kricheff, portfolio manager and global strategist at Shenkman Capital Management said, pointing to cruise lines, hotels and casino businesses as examples.

“They’re entering the reopening trade with a lot more debt and how they manage their balance sheets, going forward, will probably have a big impact on their equity valuations, as well as obviously how their debt trades.”

Source: Benzinga