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Binance hires a former HSBC banker and fintech veteran to lead the growth of the UK stock market

May 8, 2020

The main cryptocurrency exchange, Binance has hired banking and financial technology veteran Teana Baker-Taylor to drive expansion in the UK and European markets..

Baker-Taylor has over 20 years of experience at HSBC, Citi and the Royal Bank of Scotland. and she was managing director of the UK-based blockchain and digital assets industry Global Digital Finance.

In 2018 and 2019 She was recognized by Innovate Finance as one of the most influential women in fintech worldwide and was awarded the Blockchain Leader Award by Women In Tech in 2019. In an interview with Cointelegraph on May 8, Baker-Taylor said:

I have spent a lot of time in my banking career, especially in the areas of payments, treasury and capital markets. These areas of traditional finance have seen the most innovations and disruptions in recent years.

Binance hires a former HSBC banker and fintech veteran to lead the growth of the UK stock marketBinance hires a former HSBC banker and fintech veteran to lead the growth of the UK stock market

The advent of fintech, Baker-Taylor added, as it seeks to reduce friction and increase transparency in financial services, has paved the way for the introduction of digital assets and blockchain.

It has increasingly focused on bridging traditional and decentralized financing, which it believes offer similar business opportunities., regulatory hurdles and concerns about security and reputational risk.

“I think digital assets have the potential to revolutionize money at the macro level, as a thriving asset class, as a new way to raise global capital, and through product tokenization.” Baker Talor said. Its effects could, in his opinion, expand access to financial services and wealth creation, which was “historically inaccessible to the masses”.

Baker-Taylor says Britain remains “hugely important” after Brexit

At Binance, Baker-Taylor said he would draw on his previous experience in business strategy, product development and proposal, as well as marketing, communications and regulatory policy.. In his role, he will lead the development of exchanges for new services for the UK and European markets.

Despite Brexit, Britain “remains a hugely important global market” which is an integral part of Binance’s growthhe said. London remains the largest foreign exchange market and the second largest financial center in the world. Britain has invested heavily in financial innovation over the past decade, as Baker-Taylor noted:

Challenger banks, peer-to-peer loans and crowdfunding platforms were born in the British financial markets during this period. As a result, Britain has secured a position as a global innovation center for industry through government investment, talent and venture capital hubs, and an advanced financial regulator who has shown willingness to engage and work with participants.

As Cointelegraph reported, the UK-born digital banking app Revolut has recently accelerated its services to all standard users, declaring that access will be expanded prematurely due to the global economic crisis caused by the COVID-19 pandemic.

In February of this year, the app had become one of the most valuable fintech companies in Europe and recently launched services in the United States.

Binance’s global expansion activities include new services launched last month in two major emerging markets, India and Indonesia, and the further expansion of Fiat gateways with the latest support for crypto purchases with credit cards. Credit in over 50 countries worldwide.

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