Short takes: Fidelity/Schwab subscription wars, Amazon in insurance, $12B Ethereum volume, $9B Fintech quarter
Hi Fintech Architects --
Welcome back to the subscribers-only letter! Here are the top updates hitting our radar:
Fidelity’s $3 challenge to Schwab: The latest twist in digital advice subscription pricing (link here)
Remitly Raises $85 Million at $1.5 Billion Valuation as Business Booms During COVID (link here)
Challenger bank TransferWise hits $5 billion valuation after $319 million round (link here)
China's central bank urges antitrust probe into Alipay, WeChat Pay - sources (link here)
Refinitiv buys Advisor Software Inc to access cloud-enabled technology (link here)
The great acceleration - McKinsey’s insights into the impact of the pandemic on industries (link here)
Amazon Begins Selling Insurance (link here)
How to Execute 1.5 Billion Shares in 1.5 Seconds (link here)
FTP Partners: Q2 2020 Quarterly Fintech Insights Report (link here)
The Coronavirus Cryptocurrency Craze: Who’s Behind The Bitcoin Buying Binge? (link here)
Ethereum DeFi transaction volume surpasses $12 billion (link here)
Tes…