Benzinga | Nov 11, 2021 06:07PM EST

Fintech Focus For November 12, 2021

Quote To Start The Day: "Before anything else, preparation is the key to success."

Source: Alexander Graham Bell

One Big Thing In Fintech: Called the Shopify of embedded finance by its founder and CEO Duy Vo, Productfy is a banking-as-a-service (BaaS) that provides businesses a platform to launch financial offerings.

In light of the firm's 16 million Series A funding round, Benzinga caught up with Vo to talk about his motivations as well as what he's focused on.

Here's the conversation that transpired.

Source: Benzinga

Other Key Fintech Developments:

* Mastercard BNPL traction is up. (NYSE:MA)

* Atomic added $25M in Series A.

* FlyFin emerges, launches tools.

* Evergrow nabs $7M seed round.

* Standard Chartered tapped SAP.

* Veem rolls out Partner Connect.

* Lusha reaches a $1.5B valuation.

* Even added real-time payments.

* Northern Trust launches ML tech. (NASDAQ:NTRS)

* Ziglu closes crowdfunding round.

* Backbase joins Microsoft cloud.

* Greenlight adds Parent investing.

* Verity Platform live after rebrand.

* Vinovest unveils new mobile app.

* WOO Network got a $30M round.

* Solidus Labs secures a Series B.

* DTCC hones in on tokenization.

* Stori secures $200M in funding.

* Tokai Tokyo gets token licenses.

* Klarna introduces new offerings.

* CEX.IO is growing prime liquidity.

* DriveWealth, Chipper Cash team.

* TrueLayer teams with Lightyear.

* HBAR supports Akt.io to launch.

* CryptoIRA surpasses 100 coins.

Watch Out For This: Ray Dalio sounded the alarm bell on Thursday after inflation in the U.S. surged to the highest level since 1990 and warned his followers that rising portfolio values don't actually signify increasing wealth.

Source: Bloomberg

Interesting Reads:

* Road deaths are slowly soaring.

* An explainer on 100 crypto coins.

* Russia plans a Ukraine invasion.

Market Moving Headline: "Amid a potentially higher macro volatility regime, we expect earnings to remain a tailwind for equities in '22. Given our economists' forecast of above-trend GDP growth of 4.5%, our base case gives 14% EPS growth for Europe, vs. the IBES estimate of 7%. Sticky supply bottlenecks are a threat, but margins typically expanded when global growth was above 3%, while ULCs should remain low. With comps less easy now, sector contributions to EPS growth should be more balanced between Cyclicals and Defensives, but still higher for the former."

Source: Barclays