Fintech Focus For October 9, 2020

Quote Of The Day: The only person you are destined to become is the person you decide to be. - Ralph Waldo Emerson

Fintech Movers: Electronic trading giant Citadel Securities will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller rival IMC Financial Markets, the companies said. - WSJ

• Affirm filed confidential IPO paperwork.
• Ripple launches Line of Credit service.
• Qontigo to launch SRI indices offering.
• Virtu eyes a conditional order standard.
• Revolut growing crypto with Fireblocks.
• PPP scammers prefer fintech lenders.
• Blockchain, crypto investments in 2020.
• Rappi seeks to improve cash solutions.
• Square put 1% of total assets in Bitcoin.
• South Korea will test a CBDC next year.
• BoA eyes micro consumer loans space.
• Caliber Loans IPO and mortgage tech.
• KPMG unveils blockchain infrastructure.
• Instacart value rose on a $200M round.

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 Edge Clear, a trader-focused brokerage.

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: US President Donald Trump said on Thursday he would not participate in a debate with Democratic presidential hopeful Joe Biden under a new format announced Thursday by the debates commission in which each candidate would appear at remote locations. - Al Jazeera

• JPM, HSBC telling Paris staff to WFH.
• Calculating maker-taker market costs.
• Adidas looks to supplier sustainability.
• Trading venues and better executions.
• California reports on rotating outages.
• Let’s Roam explores adventure books.
• Robot spy vessel found near UK base.
• Japan’s bullet trains hit a speed bump.
• Ruby Tuesday has filed for bankruptcy.

Market Moving Headline: U.S. House of Representatives Speaker Nancy Pelosi on Thursday said legislation to help airline companies survive the fallout from the coronavirus pandemic could only move through Congress with guarantees that a comprehensive aid bill would be developed too. - Reuters

• IEA: Iron and steel technology roadmap.
• Oil climbs on threatened supply outlook.
• Reviewing the bond market meltdown.
• Waymo eyes public ride-hailing service.
• Einride launches a global fleet of trucks.
• Big tech denying House antitrust report.
• Global oil outlook, equilibrium for 2021.
• IBM will break up and hone in on cloud.
• Auto suppliers scramble to fill factories.
• Venture capital funding report Q3 2020.
• Citigroup fined $400M for risk problems.
• Tesla a top pick among millennials in Q3.
• Fed’s Powell says US faces tragic risks.
• SPACs driving a third quarter IPO surge.