Tag: innovation

My Bank offers me KYC as a service for fintech apps & my businessMy Bank offers me KYC as a service for fintech apps & my business

Mirza Ashraf Beg @ DubaiMirza Ashraf Beg @ Dubai 0 Comments 12:36 pm
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Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019.  As the year comes to an end, I am …

My Bank offers me KYC as a service for fintech apps & my business

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Many Marvels: The Year In Corporate CreditMany Marvels: The Year In Corporate Credit

Mirza Ashraf Beg @ DubaiMirza Ashraf Beg @ Dubai 0 Comments 12:35 pm
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One the many marvels of 2020 was the US corporate bond market, where borrowers were able to access cheap money in record amounts despite (or because of, depending on how you want to conceptualize things) the worst economic downturn in a century.

When the lockdowns began in March, credit markets convulsed. Spreads ballooned wider, CDX exhibited multi-standard deviation moves, outflows accelerated, and popular ETFs looked to be on the brink of “breaking,” as big discounts to NAV suggested the underlying liquidity mismatch in retail credit products was finally being exposed as an untenable flaw (figure below).

Ultimately, the Fed stepped in on March 23, and then, just days later, unveiled a backstop for fallen angels and high yield ETFs.


https://heisenbergreport.com/2020/12/31/many-marvels-the-year-in-corporate-credit/arvels-the-year-in-corporate-credit/

Source: https://heisenbergreport.com/2020/12/31/many-marvels-the-year-in-corporate-credit/

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Mortgage rates hover near record lows to close out 2020Mortgage rates hover near record lows to close out 2020

Mirza Ashraf Beg @ DubaiMirza Ashraf Beg @ Dubai 0 Comments 3:54 am
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Throughout 2020, mortgage rates dropped to all-time lows on more than a dozen occasions.

Economists project rising mortgage rates in 2021

Mortgage rates have closed out 2020 around the lowest levels on record. But those looking to lock-in this cheap financing shouldn’t wait on the sidelines for too long.

The 30-year fixed-rate mortgage averaged 2.67% for the week ending Dec. 31, up a basis point from the new record low of 2.66% set the week prior, Freddie Mac FMCC, +0.87% reported Thursday. 

Meanwhile, the 15-year fixed-rate mortgage dropped two basis points to an average of 2.17%, representing a record low for that mortgage product. The 5-year Treasury-indexed hybrid adjustable-rate mortgage fell by eight basis points to 2.71%.

“With 2020 wrapping up, we can look back on a year where low mortgage rates served as a potent fuel, driving activity and offering buyers access to a home,” said George Ratiu, senior economist at Realtor.com.

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These are the 2020 CNBC Disruptor 50 companiesThese are the 2020 CNBC Disruptor 50 companies

Mirza Ashraf Beg @ DubaiMirza Ashraf Beg @ Dubai 0 Comments 1:56 pm
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In the eighth annual Disruptor 50 list, CNBC identifies private companies whose breakthroughs are influencing business and market competition at an accelerated pace. They are poised to emerge from the coronavirus pandemic with tech platforms that have the power to dominate. The start-ups making the 2020 Disruptor list are at the epicenter of a world changing in previously unimaginable ways, turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech and agriculture into a new wave of billion-dollar businesses. 

A majority of them, in fact, already are billion-dollar businesses: 36 disruptors this year are unicorns that have already reached or passed the $1 billion valuation mark. Maybe more important this year: 37 have hired new employees since the pandemic began, and 19 have pivoted their products or launched new ones to meet the challenges of the pandemic.

The 50 companies selected using the proprietary Disruptor 50 methodology have raised over $74 billion in venture capital, according to PitchBook, at an implied Disruptor 50 list market valuation of near-$277 billion. Technology is already a major part of our daily lives and the public markets, and that will only increase on the other side of Covid-19, from the future of food supply to health-care diagnostics and the way we shop, study, work and pay.

https://www.cnbc.com/2020/06/16/meet-the-2020-cnbc-disruptor-50-companies.html

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Long-Awaited Launch of Facebook’s Libra Incoming After Major RevisionsLong-Awaited Launch of Facebook’s Libra Incoming After Major Revisions

Mirza Ashraf Beg @ DubaiMirza Ashraf Beg @ Dubai 0 Comments 10:25 pm
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Facebook’s Libra cryptocurrency is finally nearing its launch date, which could be as soon as January 2021. According to Reuters, Facebook and the …

Long-Awaited Launch of Facebook’s Libra Incoming After Major Revisions

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Brazil Adds Record Jobs, Sweden Keeps Interest at 0%, and Bitcoin PlungesBrazil Adds Record Jobs, Sweden Keeps Interest at 0%, and Bitcoin Plunges

Mirza Ashraf Beg @ DubaiMirza Ashraf Beg @ Dubai 0 Comments 8:42 pm
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Brazil opens record jobs in October – Brazil’s economy has added a record 394,989 jobs in October. It’s the fourth month in a row of job gains (since…

Brazil Adds Record Jobs, Sweden Keeps Interest at 0%, and Bitcoin Plunges

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