Future FinTech Group, a blockchain-based e-commerce business and a fintech service provider, has established a new subsidiary in the UK.

The new subsidiary, dubbed FTFT UK, will serve as an operating base to develop fintech business in Europe.

FTFT UK will work to deliver financial services to individual customers and businesses by building a banking ecosystem based on blockchain technology.

In the first phase, a new app will be developed that will provide different personal digital financial products and services. It is expected to have functionalities for mobile payments, international transfers and wealth management advisory services among others.

Future FinTech has also hired experienced professionals for FTFT UK.

Future FinTech Group CEO Shanchun Huang 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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Retail Banker International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.”