Fintech Focus For November 18, 2021

One Big Thing In Fintech: A primary concern for military families, pre-deployment, is financial well-being.

That is according to the founding team at Guild, an investing app built for veterans, by veterans.

In light of the Guild’s Veterans Day launch to tackle the mission-critical issue of financial wellness for the military community and first responders, Benzinga spoke with Sean Bonner, Mike Conallen, and Kaj Larsen, who are leaders at the company.

Source: Benzinga

Other Key Fintech Developments:

• WonderFi adds to board chair. WONDF
• TradeNeXus adds technology.
• Amazon bans Visa credit card. AMZN V
• Goldman leads round in Place. GS
• DNA integrates SimplyPayMe.
• InvestCloud eyes a $10B float.
• StableHouse opens up access.
• UNest added a $26M Series B.
• MEMX hones in on data issue.
• ConsenSys adds $200M raise.
• Mortgage NFTs hit blockchain.
• OKEx revealed 300% growth.
• Daylight enlisting Alloy’s help.
• NCino acquiring SimpleNexus.
• CBOE looking to acquire NEO. CBOE
• Circle launches Circle Impact.
• Sedric raises $3.5M in a seed.
• ApolloX launches an exchange.
• Mem Protocol secures $3.1M.
• PayZen added a $15M round.
• BMLL reveals new market data.
• US Bank is buying TravelBank. USB
• S&P gets approved for merger.
• Goldman adds InspereX stake.
• Nasdaq launches new tracker. NDAQ
• Plaid to back a new framework.
• Opportun acquiring bank Digit.
• GMEX has launched MultiHub.
• ASX DLT platform ready to go.
• Trade starts on new exchange.

Watch Out For This: Crypto firms are beefing up their in-house legal and compliance teams in the face of a crackdown from regulators across the globe.

Source: Financial News

Interesting Reads:

• Objection to bank stablecoins.
• COVID-19 cases are climbing.
• Intent & product development.
• Bill Hwang created secret bet.
• ECB is concerned with crypto.

Market Moving Headline: Goldman Sachs Group Inc. GS Chief Executive Officer David Solomon said that markets could face a rocky time ahead as the global economy seeks to emerge from the abrupt impact of the pandemic.

“When I step back and think about my 40-year career, there have been periods of time when greed has far outpaced fear -- we are in one of those periods,” Solomon said in an interview at the Bloomberg New Economy Forum in Singapore. “My experience says those periods aren’t long lived. Something will rebalance it and bring a little bit more perspective.”

Source: Bloomberg