Wise plans to resubmit national trust bank application under GENIUS Act framework
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Global remittance company Wise announced plans to re-submit its application for a U.S. national trust bank license based on the GENIUS Act framework. This move is evaluated as a strategic decision to strengthen regulatory compliance and expand direct financial services in the U.S. market. Investors should closely monitor the likelihood of Wise's regulatory approval and the subsequent pace of its business expansion in the U.S.
상승 영향
- Fintech — Acquiring a national trust bank license will enable direct services in the U.S., expected to reduce costs and improve profitability.
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