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RC365 Holding Plc announced that its subsidiary, Regal Crown Technology Limited, signed a non-legally binding Memorandum of Understanding with Hatcher Group Limited on 1 June 2023. The MoU is for AI Development and is valid for twenty-four months from its signing date.
| Date | 1 Jun 2023 |
| Time | 13:55:59 |
| Category | Acquisitions and alliances |
| ID | 3820B |
1 June 2023
RC365 Holding Plc
("RC365" or the "Company")
MoU with Hatcher Group Limited
RC365 Holding Plc ("RC365"), a company focusing on payment gateway solutions and IT support, is pleased to announce that on the 1 June 2023 its subsidiary, Regal Crown Technology Limited ("Regal Crown"), signed a non-legally binding Memorandum of Understanding ("MoU") with Hatcher Group Limited ("Hatcher") for AI Development.
Pursuant to the MoU, Regal Crown and Hatcher intend to collaborate with each other so as to bring the possible implementation of AI solutions and other intelligent prediction algorithm models into the development and optimization of Regal Crown's proprietary applications, including applications with provision of digital wealth management solutions. The Company and Regal Crown will be committed to harness full potential of the AI initiative by allowing implementation of automated workflow in its proprietary applications, as well as integration of new features including blockchain technology and virtual banking facilities.
The AI Development MOU shall be valid for twenty four months from the date of the AI Development MOU.
For further information please contact:
|
RC365 Holding plc Chi Kit LAW, Chief Executive Officer |
T: +852 2251 1621 |
|
Guild Financial Advisory Limited - Financial Adviser Ross Andrews |
T: +44 (0)7973 839767 |