Quote Of The Day: If everyone fought for their own convictions there would be no war. – Leo Tolstoy
Fintech Movers: Both fintech and big tech credit seems to complement other forms of credit, rather than substitute for them, and may increase overall access to credit. – BIS
- Russia’s Sberbank shifted its strategy.
- Ant launches blockchain trade platform.
- Gemini expands into UK with approval.
- Zillow to open a real estate brokerage.
- OneConnect won digital banking award.
- Attunely secured $9M for tech initiative.
- Science, technology drives UK strategy.
- OneBanks has partnered with Nuapay.
- Big names partner with LATAM fintechs.
- Plaid, Coinbase work on DeFi startups.
- Pico connects to a low-latency network.
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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.
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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: President Donald Trump’s reelection campaign released a “Platinum Plan” that outlines promises he is making to black Americans over the next 4 years, if he remains the U.S. president. The plan seeks to uplift black communities through, in part, an investment of about $500 billion. – Epoch Times
- Ray Dalio on the crisis with capitalism.
- LinkedIn has launched Stories feature.
- China simulates an attack on US base.
- Armenia intros martial law after clash.
- CIA has a plan to poach tech workers.
- Early pitch decks of unicorn companies.
- Google to help employees pay off debt.
Market Moving Headline: Overall, large cap stocks that split outperform the market by an average of 5% over the next 12 months. Just announcing a split causes the average stocks to outperform the market by 2.5%, indicating the market expected gains even before tradability improves. – Traders Magazine
- Ford to turn 75% reservations to sales.
- Microsoft releasing perpetual software.
- Innovation in batteries, electric storage.
- Chile launches $2B plan to return jobs.
- Pelosi expresses hope for a relief deal.
- China’s rebound slowed in September.
- Britain imposed curbs against COVID.
- Airlines call for pre-flight COVID testing.
- China imports of LNG could grow 10%.
- Positive virus tests top 25% in Midwest.
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