Fintech Focus For March 3, 2021

Quote To Start The Day: Being an entrepreneur is an existential, not just a financial thing.

Source: Nassim Nicholas Taleb

One Big Thing In Fintech: The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.

Source: New York Times

Other Key Fintech Developments:

• Orient and TT teamed on derivatives.
• Aston Martin, Crypto.com partner up.
• YIELD announces new API, partners.
• State Street adds admin for BTC ETF.
• Fintech battles are more than banks.
• How traditional insurers are disrupted.
• ABA Bank taps Alessa for compliance.
• Tillful supporting over $10M in loans.
• AmEx, PayPal investing in Codat tech.
• Ethereum an option on Amazon DLT.
• China’s capital requirements update.
• PayPal, Stripe join Spreedly program.
• MoneyGram facing a class action suit.
• AssetMark to acquire Voyant solution.
• Aspect Capital looks to OpenGamma.
• Status of online discount brokerages.
• Doma announcing plans to go public.
• Square’s industrial bank is now open.
• Cardlytics buys Dosh cash-back tech.
• CBOE seeks approval for a BTC ETF.
• Xendit raises for digital payment tech.
• Chinese capital backing crypto mining.
• Countingup scores funds for platform.

Event: Join us on Wednesday, March 3rd at 2pm ET for a live interview & contest with Cathie Wood! Register your spot and ask her a question!

Watch Out For This: JPMorgan will not make a Covid-19 vaccination mandatory but will take a “carrots and sticks” approach to vaccines and the return to the office, the US bank’s chief executive said.

Source: Financial News

Interesting Reads:

• Going Public show to feature venture.
• The top ESG investing trends in 2021.
• Doctor goes to court while in surgery.
• Microsoft adds AR/VR meeting tools.
• 10 tips from women investing experts.
• What if rates don’t really matter much?
• Instagram launching new Live Rooms.
• Uber spun out a delivery robot startup.

Market Moving Headline: Shares of Rocket Companies rallied more than 70% on Tuesday in a surprising move on no apparent news. The online mortgage provider currently has large short bets placed against it by hedge funds and appears to have garnered some bullish interest from day traders on Reddit’s infamous WallStreetBets chat room.

Source: RKT