| Mobile Web

Search results for United Arab Emirates

Crypto

KB Kookmin Bank to launch import-export payments using JPMorgan Kinexys blockchain network

KB Kookmin Bank said on Saturday it will launch next month a corporate payment service for import and export firms using JPMorgan Kinexys\' blockchain-based payment network. The service follows a memorandum of understanding on blockchain remittances for cross-border payment innovation. The bank said it is the first time a South Korean financial company has used Kinexys for payments to import-export firms. The service will be available at domestic branches and its Singapore branch, initially supporting U.S. dollar remittances to 10 countries.

AI & Enterprise

Why the U.S. is wary of Moonshot AI\'s Kimi K3

China startup Moonshot AI’s large language model Kimi K3 is being assessed as having narrowed the gap with top U.S. AI models to weeks, raising caution in Silicon Valley. Analysts and researchers cited faster catch-up, competitive costs and results that rank near leading U.S. systems. U.S. figures voiced concern and renewed debate over restrictions. Users praised performance but criticised response speed. Moonshot AI temporarily halted new subscriptions due to strained computing resources.

Finance

KakaoBank introduces UI, UX and agile culture to UAE delegation

KakaoBank hosted a delegation of about 30 participants from the United Arab Emirates\' NAFIS Leadership Programme at its Pangyo office on July 20, it said on Tuesday. The visitors included officials from the UAE Prime Minister\'s Office, the Emirati Talent Competitiveness Council and the National University of Singapore, as well as staff from major UAE financial firms. KakaoBank presented its customer-focused UI and UX, technology-driven development approach and agile organisational culture.