Here’s what is actually very hot — and what is not — in fintech correct now

Here’s what is actually very hot — and what is not — in fintech correct now


Crucial Factors
  • At Dollars 20/20 in Amsterdam this week, organization-going through fintechs like Airwallex, Payoneer, and ClearBank had been all the rage, whilst client apps these kinds of as Revolut have been nowhere to be identified.
  • The region that drew the most buzz from Revenue 20/20 attendees was artificial intelligence, with fintech and banking leaders wanting to harness the technology’s opportunity while evaluating the hazards.
  • Quite a few fintech executives CNBC interviewed spoke of how they’re not intrigued in launching goods customized to crypto as the demand from their prospects is just not there.



Supply

Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year
Finance

Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year

Key Points Treasury Secretary Scott Bessent confirmed that the list of candidates to replace Federal Reserve Chair Jerome Powell has been winnowed down to five. President Donald Trump told reporters that he anticipates naming a replacement by the end of the year. Powell’s term doesn’t expire until May. Source

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Stocks making the biggest moves premarket: AMD, Lululemon, GameStop, Nvidia, Five Below and more
Finance

Stocks making the biggest moves premarket: AMD, Lululemon, GameStop, Nvidia, Five Below and more

Check out the companies making the biggest moves in premarket trading: Rare earth stocks — Treasury Secretary Scott Bessent said Sunday he expects China to delay imposing strict rare earth export controls as part of a trade deal with the U.S., sending shares of rare-earth miners lower. United States Antimony tumbled nearly 15%, Critical Metals […]

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HSBC to recognize .1 billion provision in third quarter after court ruling in Madoff case
Finance

HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case

Key Points HSBC said on Monday that it will recognize a provision of $1.1 billion in its third quarter results. A Luxembourg court denied HSBC’s appeal in respect of Herald’s securities restitution claim. Source

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