NatWest launches banking app on Apple Vision Pro

Natwest has made its banking app available on Apple Vision Pro, the tech giant’s smart googles which blend digital content with the physical world to create new immersive experiences. NatWest will be one of the first banks globally to have its app feature on the Apple operating system, VisionOS, which features a three-dimensional user interface […]

Asian stocks slump on rising trade tensions, yen firms

Asian equities slid on Thursday, led by chip stocks as investors fret over the prospect of escalating trade tensions between the U.S. and China, while the yen was firm after scaling a six-week high following suspected interventions by Tokyo. The U.S. dollar loitered closed to its weakest in four months against a basket of currencies […]

Asia chip stocks tumble amid news the U.S. may consider trade curbs

Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. may be considering tighter export restrictions. Shares of Taiwan Semiconductor Manufacturing Company — the world’s biggest chip supplier — fell as much as 4.3% in Asia trade, before paring losses. The company reported Thursday revenue and profit expectations in the […]

HKMA and FSTB Set to Implement Licensing Regime for Fiat-Referenced Stablecoins in Hong Kong

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA), are set to finalise plans for a new licensing regime for fiat-referenced stablecoins (FRS), to combat associated financial stability risks. On 17 July, the two regulatory bodies jointly issued the conclusion of their legislative proposal to implement a regulatory regime for FRS issuers […]

Jordan Kuwait Bank Launches Prepaid Multicurrency Wallet, in Partnership With Mastercard and FOO

Jordan’s leading banking provider, Jordan Kuwait Bank (JKB), is partnering with payments giant Mastercard and B2B SAAS solution provider FOO to launch a new prepaid multicurrency wallet, eliWallet. Developed by JKB, eliWallet offers both virtual and physical cards for multicurrency transactions. It also offers a timely method of payment for customers, enabling them to carry out transactions more easily, whether in-store, using […]

Haruko Expands Global Presence With Southeast Asia Expansion, Improving Digital Asset Accessibility

Haruko, the digital asset investment management platform, has expanded into Southeast Asia following a $6million Series A funding round. By expanding into the region, Haruko will be helping Southeast Asian institutional investors engage with digital assets in a secure and regulated environment. The expansion also consolidates the firm’s global presence, having secured over 50 investment […]