Fintech Focus For November 5, 2020

Quote Of The Day: Try and fail, but don’t fail to try. - John Quincy Adams

Fintech Movers: Global fintech funding reached $10.63 billion in Q3, a 4% increase on the previous quarter. - Business Insider

• BBVA tech boosts risk processes.
• Importance of fintech in banking.
• Zelle exceeds over 1B payments.
• Nordic Capital expands RegTech.
• NatWest trades, clears with BNP.
• QuantaVerse improves risk report.
• Innovating banking with API tech.
• FTX rakes $1M from election bets.
• PayMongo has teamed with Vesta.
• PAYMYNT intros a reward system.
• Rimes has bought EBR Analytics.

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 Truelytics, a business intelligence platform.

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: Marko Kolanovic, a top quant strategist at JPMorgan Chase & Co., accused his colleagues of allowing political bias to influence their market research. - Bloomberg

• Biden gained 130K votes at once?
• The US exited global climate pact.
• Japan discovers anti-aging protein.
• Robocall tells people to stay home.
• Radio signals spotted in Milky Way.
• Detroit ballot-counters boarded up.
• Unpacking the ‘Sharpiegate’ claim.
• LSU student charged in frat hazing.

Market Moving Headline: Although ballot counting could be in progress for days, the most unusual U.S. election in modern history is leaning towards a familiar outcome – a divided government. - JPMorgan

• US Congress to grapple with aid.
• Costco’s October sales rose 15%.
• Hilton signals a gradual recovery.
• Novavax to supply 40M vaccines.
• Cold is thawing natural gas prices.
• T-Mobile to pay a $200M penalty.
• BoE may move to negative rates.
• Oil rose on legislative expectation.
• US data points to a slow recovery.