Welcome to our dedicated page for Fdctech news (Ticker: FDCT), a resource for investors and traders seeking the latest updates and insights on Fdctech stock.
FDCTech Inc (FDCT) delivers specialized technology solutions for foreign exchange and cryptocurrency markets through its customizable B2B platforms. This news hub provides investors and financial professionals with essential updates on corporate developments, strategic partnerships, and operational milestones.
Access timely announcements including earnings reports, product enhancements, and regulatory compliance updates. Our curated collection simplifies tracking FDCTech's progress in bridging traditional FX expertise with emerging digital asset innovations.
Key updates cover platform integrations like MetaTrader 4 connectivity, real-time analytics advancements, and leadership initiatives driving the company's market position. Bookmark this page for consolidated access to verified FDCTech disclosures and objective analysis of their financial technology ecosystem impact.
FDCTech has announced its acquisition of AD Advisory Services Pty Ltd. (ADS), gaining a 51% equity stake valued at approximately $3.15 million. This transaction is expected to boost annualized revenue to $5.91 million and provide access to the $2.1 trillion Australian wealth management market.
With $540 million in funds under management and 28 licensed advisers, the acquisition will leverage both FDCTech's software capabilities and ADS's client-centric advisory services to enhance digital wealth management offerings.
FDCTech, Inc. (OTCQB: FDCT) announced a partnership with Jerome Baker Designs to develop an NFT platform, enabling unique digital art and physical assets to be minted on the Ethereum blockchain. This collaboration is set to launch in early Q1 2022, with auctions for original works by Jason Harris. Jerome Baker Designs is recognized as a leading brand in artistic glass, having received accolades like the 2018 High Times Cannabis Cup and catering to celebrities. The partnership aims to democratize access to digital collectibles while leveraging FDCT's financial technology expertise.
FDCTech, Inc. (OTCQB: FDCT) has announced the integration of its Condor Multi-asset Trading Platform with Binance, the leading cryptocurrency exchange by trading volume. This integration enables brokerage firms to access Binance's liquidity and trade various financial assets, including cryptocurrencies, through a single account. Additionally, firms can offer leveraged trading and customize bid/ask spreads. According to CEO Mitchell M. Eaglstein, this move addresses the increasing demand for both established cryptocurrencies and emerging digital assets, including NFTs.
FDCTech, Inc. has terminated its Stock Purchase Agreement with Genesis Financial due to Genesis's inability to comply with material provisions. The agreement, dated June 2, 2021, could not be completed as several requirements were unmet, including lien releases and other disclosures. Following this, Mr. Warwick Kerridge was relieved of his role as Chairman, with former Chairman Mr. Eaglstein taking over as interim Chairman. Despite the setback, the CEO remains optimistic about future acquisitions to enhance shareholder value.
FDCTech, Inc. (FDCT) has launched the Condor Price Hub, enhancing trading liquidity and execution for forex brokers and banks. This platform connects users to institutional market data and reduces setup time from months to less than five days, optimizing operational costs. The Condor Price Hub supports eCommerce solutions, integrates with legacy platforms, and offers 24/7 technical support.
FDCTech, Inc. (FDCT) announced the appointment of Charles R. Provini to its Board of Directors, expanding the board from four to five members. Provini, with extensive experience in asset management and fintech, aims to enhance the company's strategic initiatives, audit, and risk management. He previously led Natcore Technology and has held senior positions in several financial firms. His addition is seen as a move to support FDCT's growth strategy in the fintech sector. The company also announced that it will compensate Provini in cash and stock-based equity for his board services.
FDCTech, Inc. announces the upcoming launch of the Condor Stocks & ETFs App, expected by Q4 2021. This app will facilitate trading in stocks, ETFs, commodities, and crypto via Google Play and the App Store, featuring advanced functionalities like watch list creation, simplified onboarding, and social trading.
The company aims to enhance market access and offer a transparent revenue model, following its recent acquisition of Genesis Financial, which broadens its reach in the Australian wealth management sector valued at over $2.1 trillion.
FDCTech, Inc. announced the sale of its mortgage brokering business, Interactive Mortgage and Finance Pty Ltd (IMF), to Haisto Consulting Pty Ltd for $1.75 million AUD (approximately $2.3 million). This divestment allows Genesis Financial Inc. to focus on its core financial planning and advisory services. Proceeds from the sale will facilitate acquisitions of profitable dealer groups, enhancing revenue and assets under management. The ongoing partnership with Haisto enables continued promotion of mortgage services, creating further growth opportunities.
FDCTech, Inc. has expanded its Board of Directors by appointing Jonathan Baumgart as the fourth member. Baumgart, an industry expert in retail forex and high-growth financial assets, brings over 20 years of experience, having founded Atomiq Consulting and co-founded Money Matter. This strategic addition is expected to strengthen the company's leadership and enhance its capabilities in online trading technologies. FDC aims to integrate existing financial services while continuing to innovate in the fintech sector, indicating a positive outlook for investors.
FDCTech, Inc. announced awareness of promotional activities related to its stock, specifically an electronic newsletter from Cryptocurrencyalerts.com, which occurred on June 11, 2021. The company had no prior knowledge of the newsletter and is uncertain of its impact on trading, which saw over 2 million shares traded on June 7, 2021, following the announcement of their acquisition of Genesis Financial, Inc. The newsletter makes speculative claims about the stock's price potential, highlighting factors such as Bitcoin's performance. FDCTech engaged various marketing consultancies since June 2020 but denies any involvement with the newsletter's distribution.
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