Payments Daily · Monday, November 9, 2026Daily
PAY.NEWS
Binance CFO to depart after hacking incident
Binance CFO Kaiser Ng will depart, with Justin Yek taking over as head of finance; the transition plan has been in place for six months. Previously, hackers stole $6.3 billion from Binance, and the company said it had covered approximately 90% of the losses; Revolut obtained a banking license in New Zealand, becoming the country's 27th registered bank.
Regulation & Compliance
Payments Cards & MobileRevolut obtains a banking license in New Zealand
Revolut Bank New Zealand Limited was registered with the Reserve Bank of New Zealand, becoming the country's 27th registered bank. It plans to launch an instant-access savings account for new retail customers, offering a 3.5% floating introductory rate for four months. Revolut plans to invest NZ$120 million in New Zealand over the next five years for product development, growth, and expansion of its local team; the license will also bring additional regulatory obligations.
Companies & Markets
PYMNTSBinance CFO Kaiser Ng to depart after $6.3 billion hack
Binance CFO Kaiser Ng will depart, with Justin Yek taking over as head of finance; the transition plan has been implemented over the past six months. The news comes days after hackers stole $6.3 billion from Binance, and the company said it had covered approximately 90% of the losses and was working toward fully compensating users. PYMNTS, citing Bloomberg, reported that the FBI had said North Korea was responsible for the attack.