Fintech Focus For August 4, 2020


This 141-Year-Old Retailer Is Outperforming Amazon

Forget tech behemoths. This old stock is expanding faster while raising dividends. Believe it or not, it has handily beaten Amazon’s 117% run since 2019. By reading Benzinga’s latest insider-only report, you can set yourself up for future profits and income with this stock, plus more.Get access for just $0.99.


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Fintech Movers: In Latin America, women are stepping up as fintech leaders, with five times as many female-founded fintechs as the global average. - Crunchbase

  • Quantamental investment strategy shines.
  • Virtu launches FX algo analytics product.
  • OANDA rebrands currency data business.
  • Franklin Templeton closes $4.5B takeover.
  • UK fintech Wiserfunding has entered india.
  • Google to offer co-branded bank accounts.
  • Global Payments finishes TD Banks deal.
  • OCC lowers equity derivatives clearing fees.
  • Nasdaq cleans up on both sides of Atlantic.
  • HSBC, Microsoft team on SME tech support.
  • Apple acquires softPOS firm Mobeewave.
  • State Street lashes out at new US ESG rule.
  • AxeTrading aims for international growth.
  • CoverWallet launches digital insurance tech.
  • Airwallex, Deutsche tackle Forex services.
  • Moneyfarm, Fabrick expand open banking.
  • Burberry opens social currency with Tencent.

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 financial technology space.

Ahead of the November 10, 2020 event, this newsletter will highlight one disruptive innovator working to create positive and diverse change in the financial services space.


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Today's disruptive innovator is Nova Credit, a cross-border reporting agency.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards!


Watch Out For This: Lower Manhattan will be the only area at high risk of Tropical Storm Isaias’ touch down in New York City and is installing flood barriers in anticipation of heavy winds, rain and flooding in the South Street Seaport area of the city. - Advance Local

  • Trump backs down on TikTok ban.
  • Fed to send money to Americans.
  • Basic income may grow economy.
  • A midair collision killed 7 in Alaska.
  • Russia challenged by protestors.
  • Business of moving COVID victims.
  • Pyramids, Aliens and Elon Musk.
  • Fauci advocates teacher face shields.

Image by Morgan Stanley, from Market Ear. 

Market Moving Headline: Despite the second quarter's string of bankruptcies, stock market investors' assessment of default risk in the oil and gas sector has been cut roughly in half, according to S&P Global Market Intelligence's market signal of default metric. - S&P

  • Economists see job growth reverse.
  • CEOs urge small business funding.
  • Shopify and Square are competing.
  • Microsoft to buy TikTok September.
  • FB launches accelerator programs.
  • The SPAC boom versus ICO craze.
  • Inflation rises in emerging markets.
  • Spirit AeroSystems cuts 1,100 jobs.
  • Analysts raise S&P EPS estimates.
  • Trump eyes a portion of TikTok sale.
  • Virgin Galactic to launch stock sale.
  • Chipotle, fast food brands are hiring.
  • Google unveils its first 5G phones.
  • NY to probe Amazon’s marketplace.
  • Facebook speeds ecommerce plan.

This 141-Year-Old Retailer Is Outperforming Amazon

Forget tech behemoths. This old stock is expanding faster while raising dividends. Believe it or not, it has handily beaten Amazon’s 117% run since 2019. By reading Benzinga’s latest insider-only report, you can set yourself up for future profits and income with this stock, plus more.Get access for just $0.99.


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