Future FinTech Group expands its financial services business in Europe

By Joy Dumasia

Future FinTech Group, a blockchain-based e-commerce business and a FinTech service provider, announced that it had incorporated a new subsidiary, FTFT UK Limited, as an operating base from which to develop FinTech business in Europe.

FTFT UK plans to provide high-quality digital inclusive financial services to individual customers and businesses through financial technology by building a new digital banking ecosystem based on blockchain technology to create a highly competitive financial services platform relative to traditional banks.

The first phase will develop a ‘super app’ that will include a wide range of personal digital financial products and services. Anticipate that the mobile app will enable customers to engage in a comprehensive suite of mobile banking capabilities anytime and anywhere.

FTFT UK has established a strong core team in the UK, composed of a group of highly experienced professionals in consumer banking, payment systems and FinTech. FTFT UK plans on designing this app to include functionality for mobile payments, international transfers, wealth management advisory services, membership rewards, etc., as well as proprietary industry-disruptive applications.

Mr Shanchun Huang, CEO of Future FinTech Group, said, “We intend to continue to attract high-calibre professional talent for FTFT UK; we also plan upon pursuing selective acquisitions of banks and payment system companies in Europe. Our goal is to build an open, stable, safe, friendly and efficient way for customers to do their banking. We believe that we can leverage our core competencies with the challenger banking sector, which provides digital banking services through apps or websites, to build a comprehensive digital financial services platform that would be highly competitive to traditional banking. Our ultimate objective is to become a leading financial technology company and provide customers with a high-quality digital inclusive financial services platform for a superior user experience.”