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Today In Payments: Wirecard’s Former CEO Markus Braun Arrested; Airbnb CEO Sees Potential For 2020 IPO

PYMNTS

Braun faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet to make it look more appealing to investors and customers. Airbnb CEO Sees Potential For 2020 IPO Amid Bookings Rebound. Post-Pandemic Era Ushers In reCommerce Boom.

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the development of FedNow and its U.S.

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TS Imagine Announces Strong Growth and Senior Hires as Demand Surges

Bobsguide

• The financial technology firm expands bookings by 300% in H1 2022 versus prior period. Born from the combination of two leading SaaS platforms, TradingScreen and Imagine Software, TS Imagine provides real-time financial securities trading, portfolio management, and risk solutions for capital markets.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

For the record, banks are more traditionally valued on metrics like price to book, yield and so on. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. That granular level of detail would come with a move toward a public listing.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

For the record, banks are more traditionally valued on metrics like price to book, yield and so on. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. That granular level of detail would come with a move toward a public listing.

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Canadian Fintech Market Map

CB Insights

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Companies in this subcategory (1) provide technology to accounting and tax, bookkeeping, and expense management players, or (2) leverage technology to provide these services directly to end-users.

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LendingClub Settles With SEC, DOJ

PYMNTS

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. Attorney Alex Tse. “We So, Now What?

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