Curated News
By: NewsRamp Editorial Staff
May 08, 2024
RC365 Holding CEO Michael Law Discusses Rapid Growth and Future Plans
TLDR
- RC365 has won substantial contracts in Japan and secured a £100,000 grant from the Hong Kong Trade and Industry Department, giving them a competitive edge.
- RC365 transitioned 100% of its office operations to Malaysia and Indonesia, hired over ten new staff members in the region, and agreed to £4 million in loan notes for upgrades.
- RC365's expansion in Malaysia and Japan, as well as its focus on low-cost operations, will contribute to sustained development and create employment opportunities in those regions.
- RC365 is leveraging AI for marketing strategies, specifically for online shopping promotions, and plans to upgrade its platform to support new functionalities like virtual banking.
Impact - Why it Matters
The news of RC365 Holding's significant progress and future plans signifies a shift towards low-cost operations and sustained development, with a focus on virtual banking services and AI marketing strategies. This could have a wide-reaching impact on the company's position in the market and the future of financial technology.
Summary
RC365 Holding PLC has made significant progress in 2024, transitioning all office operations to Malaysia and Indonesia, securing contracts in Japan, and winning a £100,000 grant from the Hong Kong Trade and Industry Department. The company also agreed to £4 million in loan notes to fund upgrades and enhance its platform, with a focus on virtual banking services. CEO Michael Law highlighted the strong financial position and pipeline, including government grants and significant contracts, enabling sustained development and low-cost operations.
Looking ahead, RC365 will focus on upgrading its platform to support virtual banking and enhanced payment options, as well as leveraging AI for marketing strategies, specifically for online shopping promotions.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, RC365 Holding CEO Michael Law Discusses Rapid Growth and Future Plans
