SMC Announces Technology Consolidation Under One Platform: Bateau Update
SMC Entertainment (OTC PINK:SMCE) announced two major developments: First, the consolidation of its technology platforms (Fyniti, Chaintrade AI, AI Advisor, and Plato partnership) under a single platform called FYNN AI. This consolidation aims to streamline product offerings, eliminate redundancies, and accelerate feature deployment in the AI market space.
Second, following the January 8, 2025 acquisition of Bateau Asset Management, an Australia-based boutique investment manager, SMC has engaged New York-based RBSM LLP to conduct Bateau's financial audit for fiscal year 2025. Bateau's Q1/2025 financial performance will be included in SMC's first quarter 2025 consolidated results.
SMC Entertainment (OTC PINK:SMCE) ha annunciato due importanti sviluppi: In primo luogo, la consolidazione delle sue piattaforme tecnologiche (Fyniti, Chaintrade AI, AI Advisor e la partnership con Plato) sotto un'unica piattaforma chiamata FYNN AI. Questa consolidazione mira a semplificare l'offerta di prodotti, eliminare le ridondanze e accelerare il lancio delle funzionalità nel mercato dell'IA.
In secondo luogo, a seguito dell'acquisizione del Bateau Asset Management avvenuta l'8 gennaio 2025, un gestore di investimenti boutique con sede in Australia, SMC ha ingaggiato RBSM LLP, con sede a New York, per condurre l'audit finanziario di Bateau per l'anno fiscale 2025. Le performance finanziarie di Bateau nel primo trimestre del 2025 saranno incluse nei risultati consolidati del primo trimestre 2025 di SMC.
SMC Entertainment (OTC PINK:SMCE) anunció dos desarrollos importantes: Primero, la consolidación de sus plataformas tecnológicas (Fyniti, Chaintrade AI, AI Advisor y la asociación con Plato) bajo una única plataforma llamada FYNN AI. Esta consolidación tiene como objetivo simplificar la oferta de productos, eliminar redundancias y acelerar el despliegue de características en el mercado de IA.
En segundo lugar, tras la adquisición de Bateau Asset Management el 8 de enero de 2025, un gestor de inversiones boutique con sede en Australia, SMC ha contratado a RBSM LLP, con sede en Nueva York, para realizar la auditoría financiera de Bateau para el año fiscal 2025. El rendimiento financiero de Bateau en el primer trimestre de 2025 se incluirá en los resultados consolidados del primer trimestre de 2025 de SMC.
SMC Entertainment (OTC PINK:SMCE)는 두 가지 주요 발전을 발표했습니다: 첫째, FYNN AI라는 단일 플랫폼 아래에 기술 플랫폼(Fyniti, Chaintrade AI, AI Advisor 및 Plato 파트너십)의 통합입니다. 이 통합은 제품 제공을 간소화하고 중복을 제거하며 AI 시장에서 기능 배포를 가속화하는 것을 목표로 합니다.
둘째, 2025년 1월 8일에 호주에 본사를 둔 부티크 투자 관리 회사인 Bateau Asset Management를 인수한 후, SMC는 뉴욕에 본사를 둔 RBSM LLP를 고용하여 Bateau의 2025 회계연도 재무 감사 를 수행하게 했습니다. Bateau의 2025년 1분기 재무 성과는 SMC의 2025년 1분기 통합 결과에 포함될 것입니다.
SMC Entertainment (OTC PINK:SMCE) a annoncé deux développements majeurs : Tout d'abord, la consolidation de ses plateformes technologiques (Fyniti, Chaintrade AI, AI Advisor et le partenariat avec Plato) sous une seule plateforme appelée FYNN AI. Cette consolidation vise à rationaliser l'offre de produits, à éliminer les redondances et à accélérer le déploiement des fonctionnalités sur le marché de l'IA.
Deuxièmement, suite à l'acquisition de Bateau Asset Management le 8 janvier 2025, un gestionnaire d'investissements boutique basé en Australie, SMC a engagé RBSM LLP, basé à New York, pour réaliser l'audit financier de Bateau pour l'exercice 2025. Les performances financières de Bateau au premier trimestre 2025 seront incluses dans les résultats consolidés du premier trimestre 2025 de SMC.
SMC Entertainment (OTC PINK:SMCE) hat zwei wichtige Entwicklungen angekündigt: Erstens die Konsolidierung seiner Technologieplattformen (Fyniti, Chaintrade AI, AI Advisor und die Partnerschaft mit Plato) unter einer einzigen Plattform namens FYNN AI. Diese Konsolidierung zielt darauf ab, das Produktangebot zu rationalisieren, Redundanzen zu beseitigen und die Bereitstellung von Funktionen im KI-Markt zu beschleunigen.
Zweitens, nach der Übernahme von Bateau Asset Management am 8. Januar 2025, einem in Australien ansässigen Boutique-Investmentmanager, hat SMC die in New York ansässige RBSM LLP beauftragt, die Finanzprüfung von Bateau für das Geschäftsjahr 2025 durchzuführen. Die Finanzleistung von Bateau im ersten Quartal 2025 wird in den konsolidierten Ergebnissen von SMC für das erste Quartal 2025 enthalten sein.
- Technology consolidation under FYNN AI platform will reduce development costs
- Streamlined operations through elimination of product redundancies
- Enhanced agility for future AI feature deployments
- Integration of acquired Bateau Asset Management progressing with audit engagement
- None.
BOCA RATON, FL / ACCESS Newswire / March 28, 2025 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC PINK:SMCE), a Fintech incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is pleased to announce the following:
Technology Platform Consolidation. SMC is in the process of consolidating all of its current and legacy technologies (Fyniti, Chaintrade AI, AI Advisor and its Plato partnership) under one technology platform which will be referred to as FYNN AI. This consolidation will help SMC to effectively manage and streamline product offering, removal of product/feature redundancies and reduce development. With this consolidation, SMC will be more agile in deploying future features faster to meet the ever-expanding AI marketspace. SMC was recently featured in a podcast highlighting its consolidated AI platform and can be downloaded here
Bateau Asset Management Audit. On January 8, 2025, SMC announced the acquisition closing of Australia-based Bateau Asset Management ("Bateau"). SMC is pleased to announce that Bateau has engaged the services of New York-based RBSM LLP to facilitate Bateau's financial audit for fiscal year 2025. SMC expects to report Bateau's Q1/2025 financial performance on SMC's first quarter of 2025 on consolidated basis.
About SMC Entertainment, Inc.
SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com or www.fyntechnical.com. SMC operates two wholly owned subsidiaries, Bateau Asset Management and Fyniti Global Equities EBT Inc.
Bateau Asset Management is a boutique investment manager founded in 2016 based in Australia with offices in Singapore. The company follows an absolute-return investment philosophy and a multi-manager approach to investing. To learn more, go to www.bateauam.com.au.
Fyniti Global Equities EBT Inc. is a Fintech platform developer founded by veteran Wall Street technologists and investment bankers who worked for Goldman Sachs, JP Morgan Chase, Bank of America (Merrill Lynch) and Citigroup. Fyniti has a clear focus on developing disruptive technologies in the Wealth Management and capital markets domains. Fyniti owns the IQ Engine and EBT Technology which combine to provide AI driven Quantitative investing and AI based Basket Trading platforms. For more information, visit fyniti.com.
Press Release Contact:
Erik Blum
Chief Executive Officer
SMC Entertainment, Inc.
Ron Hughes
Chief Operations Officer
SMC Entertainment, Inc.
ron.hughes.operations@gmail.com
360-820-5973
Safe Harbor Statement
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
SOURCE: SMC Entertainment, Inc.
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FAQ
What is the purpose of SMC's technology consolidation under FYNN AI platform?
When will SMCE report Bateau Asset Management's financial results?
Who will conduct Bateau Asset Management's 2025 financial audit for SMCE?
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