SUIC Worldwide Holdings Ltd. (SUIC) has announced a strategic Memorandum of Understanding (MOU) with Taiwan's Boom Fintech Inc., signaling a significant step forward in enhancing the fintech and artificial intelligence (AI) offerings for SUIC's global merchants and franchisees. This collaboration is also expected to streamline the initial public offering (IPO) process for Beneway, a subsidiary of SUIC.
Boom Fintech, established in 2016, specializes in providing smart commerce solutions and merchant services across various industries, including banking, telecommunications, and retail. The company holds an impressive portfolio of nine innovative fintech patents that cover a broad spectrum of technologies from advanced point-of-sale terminal systems to comprehensive data management systems and devices.
Hank Wang, CEO of SUIC, expressed confidence in the partnership with Boom Fintech. He anticipates that this alliance will significantly enhance the capabilities of their business partners, merchants, and franchisees while fostering collective growth. Wang also conveyed his expectations that the collaboration will deliver considerable value to the shareholders of SUIC.
The partnership aligns with SUIC's investment strategy which focuses on entities developing state-of-the-art products and services leveraging cutting-edge technologies such as the Internet of Things (IoT), cloud computing, mobile payment, Big Data, Blockchain, and AI. The integration of Boom Fintech's patented technologies is poised to bolster SUIC's commitment to innovation and its position in the competitive fintech landscape.
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