Fintech Focus For July 7, 2021

Quote To Start The Day: “If you set your goals ridiculously high and it's a failure, you will fail above everyone else's success.”

Source: James Cameron

One Big Thing In Fintech: Chime was the most downloaded digital banking app in the U.S. during the first half of 2021, with 6.4 million installs.

Source: Banking Dive

Other Key Fintech Developments:

Watch Out For This: It’s not just condominium buildings that are showing their age, as was the case in the deadly collapse of a condo in Surfside, Fla. The condominium form of ownership itself is under strain. Some condo buildings are even being “de-converted” to rental properties.

Source: Bloomberg

Interesting Reads:

Market Moving Headline: US government bonds rallied on Tuesday, pushing the 10-year yield to the lowest level in four months, as investors unwound bets for tighter monetary policy and reacted to a disappointing survey on the services sector.

Source: Financial Times

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