Fintech Focus For October 18, 2021

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Quote To Start The Day: “If you set your goals ridiculously high and it's a failure, you will fail above everyone else's success.”

Source: James Cameron

One Big Thing In Fintech: Amongst the fintechs building easy-to-use, fast, and smart digital banking solutions is Alphabet Inc, an atypical player in the market given that the firm is more of a technology company with core competencies rather than a financial services company.

Notwithstanding, Google’s head of retail banking Zac Maufe told Benzinga, at the MX Technologies Money Experience Summit, the firm would morph into a fintech heavyweight.

Here’s more on Google’s foray into financial services.

Source: Benzinga

Other Key Fintech Developments:

Watch Out For This: Los Angeles, California has one of the largest economies in the world, yet is underserved by the hotel market.

That’s according to owner and developer Gary Safady, who spoke with Benzinga about his mission to create a luxury Bulgari Hotels & Resort property in the Santa Monica Mountains.

Read below to find out how Safady is committed to building Los Angeles’ crown jewel.

Source: Benzinga

Interesting Reads:

  • 26-year-old owns 1K rental units.

  • Bitcoin futures ETF will list today.

  • China likely contains Evergrande.

  • Disruption of asset management.

Market Moving Headline: “The economy is being supported by robust consumer balance sheets, rebounding business investment and a healthy labor market.”

Source: Hugh Gimber

See more from Benzinga

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