Fintech Focus For November 24, 2020

Quote To Start The Day: If you genuinely want something, don't wait for it -- teach yourself to be impatient.

Source: Gurbaksh Chahal

One Big Thing In Fintech: Super Bowl LV, taking place in Tampa Bay in February, will offer 100% digital payment acceptance for fans throughout the stadium on game day, including parking, concessions, retail, mobile ordering, and more.

Source: Finextra

Other Key Fintech Developments:

• Visa closed on YellowPepper purchase.
• Credit Suisse is applying banking APIs.
• Börse added Xetra market mechanism.
• Western Union expands payments tech.
• HSBC looks to real time payments tech.
• Chainalysis closes out $100M Series C.
• Talos platform added liquidity providers.
• Monit intros new bank relationship tech.
• RadioShack owner eyeing eCommerce.
• Alibaba CEO calls regulation necessary.
• Contour closed out on $82M seed funds.
• Fintechs shifting in wealth management.
• BBVA simplifies commercial card usage.

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Watch Out For This: The Internal Revenue Service (IRS) is once again sending letters to crypto holders, this time claiming some owe the regulator dollar amounts in the hundreds of thousands.

Source: The Block

Interesting Reads:

• Meet a contractor helping Detroit repair.
• A trading tax would destroy NY and NJ.
• Top 3 advantages of conversational AI.
• Facebook has added donation features.
• Boris Johnson easing virus restrictions.
• Travel startups to rebound on vaccines.
• American drive-ins staged a comeback.
• Ex-Pfizer Chief suggested virus is over.
• Who will lead the race to cut emissions.
• Today's CFOs are pursuing innovation.
• Snapchat introduced a TikTok-like feed.

Market Moving Headline: We upgrade U.S. equities to overweight, with a preference for quality large caps riding structural growth trends – as well as smaller companies geared to a potential cyclical upswing. We prefer to look through any near-term market volatility as Covid cases surge. Positive vaccine news reinforces our outlook for an accelerated restart during 2021, reducing risks of permanent economic scarring.

Source: BlackRock