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) generates a steady flow of company news centered on financial performance, acquisitions, product launches, and regulatory milestones. As a regulatory-grade financial technology infrastructure developer quoted on the OTC PINK market, FDCTech uses press releases to update investors on its progress in investment and brokerage, wealth management, and technology & software development segments.
Recent news highlights include audited and unaudited financial results, where the company reports revenue growth and profitability measures across its segments. FDCTech also issues announcements when it completes or agrees to significant transactions, such as the acquisition of Alchemy International Ltd., a Seychelles-licensed securities dealer, and the signing of a non-binding Letter of Intent to acquire Steven AB (Xoala), an Electronic Money Institution in Sweden. These updates provide insight into how the company is executing its growth-through-acquisition strategy.
Operational and product news is another key focus. FDCTech publishes updates on initiatives at its subsidiaries, including Alchemy Markets Limited’s launch of a Copy Trading mobile application and the integration of TradingView for direct chart-based trading. These releases describe new platform capabilities, regulatory achievements, and infrastructure enhancements across jurisdictions such as Malta and Mauritius.
Corporate and capital markets developments also appear in FDCTech’s news flow. The company reports shareholder-approved actions related to authorized share increases and potential reverse stock splits, as well as advisory engagements with firms like E.F. Hutton & Co. LLC to explore financing options and a potential uplisting to a senior national securities exchange. Investors and observers who follow FDCTech’s news can track how management communicates its strategy, regulatory progress, and segment performance over time.
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.
FDCTech, Inc. (OTCQB: FDCT) announced its successful partnership with SkaleCRM, integrating its CRM solution with the Condor FX Pro Trading Platform. This collaboration enables cross-selling opportunities, allowing FX brokers to access a comprehensive suite of trading and customer management tools. With the new integration, brokers can offer thousands of trading symbols across multiple asset classes through customizable platforms, enhancing their client offerings. This strategic partnership aims to improve operational efficiency and expand market reach for both companies in the competitive FX brokerage sector.
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