JFD Group Ltd just announced that it has combined its retail and institutional services under the brand JFD Bank, making the website www.JFDBANK.com its new online hub for all current and future services offered by the FinTech group.
The acquisition of the German-based investment bank last year helped JFD expand into different directions by offering digital asset management, on-exchange stock trading and investment advisory services. The new name of the bank is JFD Bank AG and the final stage of the transaction was completed in March 2019, when the remaining 20% of the shares were exchanged.
JFD Bank AG is also a Capital markets Partner in the Frankfurt, Munich, Düsseldorf and Vienna stock exchanges.
The website JFDBANK.com features a new section with all the institutional services offered by the company.
Launching JFD Bank has been a challenging task and a tremendous success for us. It marks the end of a long, very complicated and sometimes frustrating process of acquiring a regulated German investment bank and getting all the necessary approvals,” shares Lars Gottwik, founder and CEO of JFD. “However, for us this is also the beginning of a new, even more exciting part of our journey. JFD is on a mission to set new standards in the trading, investing and banking world, and JFDBANK.com is just the beginning.
JFD had a good start this year. After the successful acquisition of the German-based ACON bank, the multi-asset fintech group has added commission-free stock trading conditions to its product portfolio. The company has also included the shares of the largest Dutch and German companies to the stocks its clients can trade on the MetaTrader 5 platform.