Fintech Focus For October 20, 2021

·1 min read
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Quote To Start The Day: “Life is really simple, but we insist on making it complicated.”

Source: Confucius

One Big Thing In Fintech: Mexico repeatedly tops most innovative fintech hub lists, and neobank and digital wallet transactions are consistently increasing — during COVID lockdowns they rose by an estimated 80%.

Source: TechCrunch

Other Key Fintech Developments:

Watch Out For This: Euroclear alongside several institutions has successfully completed an experiment which tested central bank digital currency (CBDC) for settling French treasury bonds on a test blockchain.

Source: The Trade

Interesting Reads:

  • Vaccine mix-and-match to come.

  • Food shortage next supply issue.

  • Democrats eye deal on economy.

Market Moving Headline: We cannot remember a week with so much evidence that our longstanding “anti-transitory” US inflation view is correct, but the Fed has interpretive precedence over us. Q4 is starting out in risk-on mode, which is reasonable, but expect a noisier 2022.

Source: Nordea

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