Fintech Focus For September 6, 2021

Quote To Start The Day: “The new cryptocurrency revolution will help everyone get a bank identity — a financial identity — like the internet gave everyone the possibility to see what was happening in their country, as the Arab Spring.”

Source: Giacomo Arcaro

One Big Thing In Fintech: The SEC is reportedly investigating Uniswap Labs, developer of the decentralized exchange Uniswap. ​​

The investigation could herald a new era of crypto enforcement for the regulator.

Source: Block

Other Key Fintech Developments:

• BBVA launching crypto wallet tech.
• State Street opens cyber, tech unit.
• Marathon, NYDIG announce collab.
• Nubank adds Apple Pay integration.
• BMO leverages AI for note pricing.
• Firstrade hones trading, technology.
• MoneyLion added a listing update.
• RH: PFOF ban would be draconian.
• SurePay adds funds for bank tech.
• Bridging gap between BNPL offers.
• Citizens, Moven team on neobank.
• Secfi moves to expand leadership.
• Buy-side firms look to digitalization.
• The Voyager Digital Crypto Vision.
• Bano, Nium fixing digital payments.
• OneZero has added analytics offer.

Watch Out For This: U.S. Senator Elizabeth Warren (D-MA), a long-standing critic of cryptocurrency, told the New York Times that, in her view, cryptocurrency is "the new shadow bank."

Source: Block

Interesting Reads:

• Looking at market crash protection.
• Resilience key in entrepreneurship.
• GM shuts down American factories.
• Story: Afghan biometric databases.
• Google eyeing in-house production.
• Can macro be an edge for traders?
• Taliban relies on Chinese financing.

Market Moving Headline: In short, this fall we still expect our mid-cycle transition to end with a 10%+ S&P 500 correction. But a narrative of either faster or slower growth will determine the leadership from here.

Source: Morgan Stanley