Financial Services

Fintech firms continue infiltrating the banking sector, handling bank-related tasks with little to no oversight, and potentially perpetuating systematic risk.

The exchange will convert USDC and three other stablecoins to its own stablecoin, Binance USD.

A regulatory agency review of its most recent audit uncovered problematic processes regarding revenue recognition.

It will disrupt the bank’s plans for digital expansion, growth in the US, and drive for a younger customer base.