NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Future FinTech
Group Inc. (NASDAQ: FTFT) ("hereinafter referred to
as "Future FinTech", "FTFT" or "the Company"), a leading
blockchain-based e-commerce business and a fintech service
provider, announced today that it has incorporated a new
subsidiary, FTFT UK Limited ("FTFT UK"), 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 be to focus
on the development of a 'super app' that will include a wide range
of personal digital financial products and services. FTFT UK plans
upon 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. We anticipate that our 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 which is
composed of a group of highly experienced professionals in the
field of consumer banking, payment systems and FinTech. The team
includes:
Mr. Bo Sun is the General Manager
of FTFT UK. He has more than ten years of experience in commercial
banking. He previously worked in the head office of Bank of
China and the Agricultural Bank of
China in the UK. In 2018, he
launched Fusionpay Limited, a PayTech company based in London, which is believed to be the first
Chinese cross-border mobile payment service provider in
Europe. Mr. Sun graduated from the
business school of Bath University in the UK with a Master's degree
in financial management.
Dr. Chen Zhang is the Chief
Technical Director of FTFT UK. Dr. Zhang has extensive experience
in the field of financial information technology R&D
management. Dr. Zhang previously worked as a senior technical
engineer at Bloomberg UK Ltd. where he led a team in the
development of financial derivatives pricing, portfolio risk
analysis and packaged retail investment and insurance-based
products (PRIIPs) regulatory compliance software in UK. Dr.
Zhang graduated from the University of
Iowa with a Doctorate degree in computer science.
Mr. Yue Chen is the Chief Product Director of FTFT UK. Mr. Chen
has extensive R&D management experience in financial technology
product innovation and regulatory compliance. He previously worked
as the chief applications R&D engineer of HSBC Bank where he
led a team in the development of the mobile application for
cross-border account opening product for HSBC's International
Customer Onboarding (ICO). Prior to that, he worked at the UK
Ministry of Transport where he led the development of the UK Driver
and Vehicle Standards Agency (DVSA) traffic ticket billing system.
Mr. Chen graduated from York University
in the UK with a Master's degree in software engineering.
Mr. Shanchun Huang, CEO of FTFT,
said, "We intend to continue to attract high-caliber 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."
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the
"Company") is a leading blockchain e-commerce company and a
service provider for financial technology incorporated
in Florida. The Company's operations include a
blockchain-based online shopping mall platform, Chain Cloud Mall
("CCM"), an incubator for blockchain based application projects,
and supply chain financing and services. The Company is also
engaged in the development of blockchain based e-Commerce
technology as well as financial technology. For more information,
please visit http:/www.ftft.com/.
Safe Harbor Statement
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"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
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which any such statements otherwise are made.
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SOURCE Future FinTech Group Inc.