CB Insights - Goldman vs. Citi vs. JPM

Hi there, 

The pandemic has sent US banks for a spin. 

US banks saw their net income plunge by 70% YoY in Q2’20. Interestingly, customers flooded the banks with more than $1T in deposits ($900B+ went to the big 4).

So in the face of all the Covid-inspired uncertainty, where are the big banks focused? We analyze the data here. 

In 2020 YTD, the most popular categories for fintech investment are:

• capital markets

• wealth & asset management

• SMB fintech

Check out where the top US banks, including Goldman, Citi, and JPM, are investing in fintech here.

Above and beyond
 

Google and Facebook recently announced new goals to run their entire businesses on renewable energy by 2030, going beyond the industry standard of purchasing carbon offsets to go carbon-neutral.

We take a deeper look into carbon offsets and how corporations are approaching geoengineering strategies to reduce emissions in this report.

Money matters
 

US banks are betting on fintech innovation in the capital markets space, which has drawn the most deals from banks since 2010.  

Take a look at what else US banks are staking their bets on in this report.

A humbling view
 

We spill a lot of newsletter ink talking about unicorns, but here's a bit of perspective: every unicorn combined is worth less than Apple, Amazon, or Microsoft.

You can see the entire list of unicorns here.

So the question now is: what would you rather invest in — the unicorns, Apple, Amazon, or Microsoft?

Great news

We’ve extended our current prices for the Future of Health (September 23-25) for 12 more hours. This is your last chance to get a ticket before prices increase for the final time. Here’s why you should attend:

• Star-studded speaker lineup: 75+ speakers will be interviewed by award-winning journalists. Registered attendees get access to all of the content for 30 days on demand.
• 96 hours of networking: We’re opening up our networking platform from September 22-25. Get matched with relevant connections to schedule unlimited meetings.
• Trends, data, and insights: Submit questions on topics like telehealth, digital therapeutics, fitness, and self-care and get live answers from our analysts.
• Digital Health 150 presentations: Hear 8-minute presentations from 25 Digital Health 150 winners.
• Fun, VR, and entertainment: We’re with you on the Zoom fatigue. That’s why we’ve invested in a digital-first experience with perks like trivia, prizes, farm animal tours, magicians, and yoga breaks.

Save $300 with code power.

Cutting edge 

Each big tech company has a different strategy for capturing the edge computing market. 

From public cloud infrastructure to connected homes to AI, clients can read more about each company's approach to edge computing.

Ad Age. Adrianne Pasquarelli (@SheLikesToShop) covers at-home fitness products and quotes CB Insights senior intelligence analyst Jake Matthews.

TechCrunch. Alex Wilhelm (@alex) and Natasha Mascarenhas (@nmasc_) report on edtech startup funding trends using the CB Insights State Of Edtech Funding report. 

CNBC. Evelyn Cheng (@chengevelyn) surveys China-based digital health startups and cites CB Insights’ State Of Healthcare Q2’20 report.

P.S. Don't forget to sign up for our 2 upcoming webinars on the Fintech 250 (September 22) and the state of insurtech and P&C underwriting (September 29), which will feature a special guest. Even if you can't make them, sign up anyways and we'll send you the slides after.

The Blurb
 

Bearings. Researchers have found another use for GPS collars dropped by polar bears: tracking how ice drifts.

Scientific American  

Clickety-clack. Workers missing the sounds of the open office are listening to office background noise playlists at home.

MIT Technology Review

Speaking for the trees. A tool that uses AI and satellite imagery to map individual trees may help predict the movement of wildfires.

Fast Company

Jalapeño Noir. Taco Bell is selling its own custom wine to pair with the launch of a menu item in Canada.

CNN Business 

Dreamcatchers. Researchers are probing the big data of our dreams to analyze how they may reflect current events.

WSJ