FINTECH

Future FinTech Establishes a New Blockchain Division

Future FinTech | January 03, 2022

Future_FinTech_Establishes
Future FinTech Group Inc., a leading blockchain-based e-commerce business and a fintech service provider has now established a new blockchain division to its business. The new division will be responsible for managing the existing blockchain sector business. It will play a key role in formulating and executing strategic plans for business growth.

Future FinTech Group Inc. is a well-known blockchain e-commerce company. In Florida, it is the leading provider of financial technology. The company's operations include Chain Cloud Mall ("CCM"), a blockchain-based online shopping mall platform, and supply chain financing and services. The company is also engaged in the development of blockchain cryptocurrency mining.

Future FinTech has appointed Mr. Zhi as the president of the new division. He’ll be the key person to direct the company's blockchain business ahead. The primary mission of the new blockchain division is to develop, operate, and manage the company's bitcoin mining farm plans in the United States and Paraguay. Further, the mission is to coordinate with the Dubai-based digital currency trading service and crypto asset management business through its FTFT Capital Investments LLC subsidiary.

Mr. Yan has broad experience in blockchain and cryptocurrency. He has been general manager of Cloud Chain Network Technology (Tianjin) Co., Ltd. since February 2020. He also served as the Chief Technology Officer of the company between February 2018 and February 2020. Mr. Yan managed the development of the real-name blockchain-based e-commerce platform for Chain Cloud Mall.

We are enthusiastically developing a sophisticated and cutting-edge financial services platform and are also intent on executing a global expansion strategy for our cryptocurrency mining business. The establishment of this new division has come with responsibility for executing this strategy and underscores our commitment to being a leading firm in this sector."

Mr. Shanchun Huang, Chief Executive Officer of Future FinTech

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Mobility Fintech Moove Joins Forces With Uber UK to Bring Thousands of Electric Vehicles to London

Moove | September 02, 2022

Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing its launch in London as part of its global expansion. Moove, an African-born startup with a growing global customer base of mobility entrepreneurs, has launched in Europe with a 100% EV rent-to-buy model that provides access to brand new, zero-emissions vehicles for a flat weekly fee. Moove aims to be the largest EV partner on Uber’s platform in London with plans to scale to up to 10,000 vehicles by the end of 2025, creating sustainable earnings opportunities and contributing to the city’s net zero carbon emissions goals. London is the global leader for Uber’s electrification efforts with over 6,000 EVs on the platform – the most of any Uber city. Moove’s London launch will enable Uber to progress towards its goal of becoming an all-electric platform in the capital by 2025. “We are proud to have built a business in Africa to now be able to scale our model here in Europe, which is something that no other African fintech company has done before. This also marks a milestone of firsts for us; as we are excited to be launching with our first 100% EV fleet. We are thrilled to be expanding our partnership with Uber to drive our commitments towards the electrification of mobility.” -Ladi Delano, co-founder and co-CEO at Moove Transforming mobility gig economies through vehicle finance Founded by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove launched in Lagos, Nigeria in 2020 to democratise access to vehicle ownership. Having now scaled to nine markets across sub-Saharan Africa and India, Moove is leading the charge in the ‘mobility fintech sector’, a white space it created and which is solving the challenge of limited access to vehicle financing for millions of gig workers across ride-hailing, logistics, and instant delivery sectors, of which there are around 4.5 million in the UK alone. Moove’s alternative credit scoring technology provides access to vehicle financing to gig worker customers who may have previously been excluded from financial services. Over the past two years, Moove has enabled sustainable job creation and a path to asset ownership with its customers having completed over 7 million trips in Moove-financed vehicles. In London, Moove’s innovative approach to vehicle financing is designed to empower its customers with access to brand new, zero-emission vehicles with an easy sign-up process as well as no credit checks, upfront costs, or deposit needed. Other services include regular maintenance, MOT, vehicle insurance, health insurance and a dedicated customer success team, a product offering not matched by any other company partnered with Uber's Clean Air Plan. In addition, Moove customers driving with Uber can reduce their weekly payments by using funds raised through Uber’s Clean Air Plan to help them meet the cost of switching to an EV. Uber’s Clean Air Plan has raised over £145 million, equating to approximately £3,000 per driver. Moove estimates that the 10,000 EVs it plans to finance by 2025 in London will contribute a reduction of around 63,000 megatonnes of carbon dioxide emissions per year. Andrew Brem, general manager at Uber UK, said: Our aim at Uber is to become a 100% electric platform in London by 2025 and we understand that drivers need access to financing if they want to make the transition to an electric vehicle. Moove’s model will help more Uber drivers switch to pure electric faster, to reduce their running costs and help clean up London’s air. With demand from riders higher than ever, our partnership with Moove will benefit drivers and riders alike. Driving the electrification of mobility Moove aims to solve many of the pain points facing its customers when switching to an electric car over a petrol or diesel-powered vehicle. Moove has launched the first end-to-end charge experience and complete EV charging network app specifically for ride-hailing drivers called Moove Charge™. The app enables Moove customers to locate, control, and pay for charging across one of the largest roaming networks in London, covering over 6,600 slow, fast and rapid charge points. Altogether, this provides a better and easier experience for drivers as well as riders as it enables more electric cars to be on the road and reduced wait times for Uber’s growing customer base. About Moove Moove is an African-born global start-up and the world’s first mobility fintech, providing revenue-based vehicle financing and financial services to mobility entrepreneurs. By embedding its alternative credit scoring technology onto ride-hailing, e-logistics and instant delivery platforms, Moove uses proprietary performance and revenue analytics to underwrite loans to drivers that have previously been excluded from financial services.

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PNC BANK TRANSFORMS DIGITAL MORTGAGE APPLICATION PROCESS

PNC Bank | September 28, 2022

PNC Bank today announced a strategic partnership with Blend, a leader in cloud banking software, to digitally optimize the company's end-to-end online mortgage application process for an improved customer experience. "Over the last few years, we've seen first-hand the growing customer demand for simplified, digital-first interactions, Through our partnership with Blend, we're now able to deliver a state-of-the-art experience that provides an ideal combination of digital self-service technology and support for our customers as they navigate one of the biggest and most important purchases in their lifetimes." -Peter McCarthy, PNC executive vice president and head of Mortgage Through PNC's enhanced mortgage application platform, customers now are able to digitally apply for a mortgage and import bank or payroll information directly into their application simply by providing their necessary credentials decreasing the amount of time it takes to locate necessary documents. Once an application is submitted, customers have a single portal for tracking its status, completing outstanding tasks, and reviewing and electronically signing loan documentation. PNC mortgage loan officers also can collaborate real-time with customers through their online portal. As an organization, our goal is to continue to partner with companies across the country to build the digital-first future of financial services, We're proud to work alongside PNC as they introduce a leading-edge, self-serve digital mortgage application solution — making the overall user experience easier and quicker for their customers and employees,said Erik Wrobel, head of Product at Blend. About PNC Bank: PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

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FinTech Automation Partners with Mastercard for Open Banking

FinTech Automation and Mastercard | August 08, 2022

FinTech Automation announces it has been selected as one of the technology partners for open banking within Mastercard’s Engage partner network. The Engage program has developed a network to provide businesses easy access to technology partners that can quickly build and deploy open banking solutions for payments and lending decisioning at scale. With the rapid adoption of open banking (i.e., consumer-permissioned data access) and digital tools across financial services experiences, FTA has been selected by Mastercard as one of the premier technology partners to spur innovation through access to its open banking platform, from lending to payments to financial management. “As we move from the information to the digital age, how we move information is as important as the data itself, Mastercard and FinTech Automation are key to that movement.” -David Park, CEO at Fintech Automation FTA allows firms to build a fully digital financial hub with little to no code and, through open banking, allows businesses to establish direct consumer-permissioned connections with their customers’ bank accounts. Through these consumer-permissioned connections, businesses can verify accounts for payments and payouts, check balances to reduce payment failures and cut fraud by confirming bank account ownership. This has vastly improved the payment experience for both the businesses and their customers. Mastercard is excited to be partnering with FinTech Automation on deployment of open banking solutions that are designed with security at the center and will help to meet consumers’ financial needs and enable choice, Together, we can enable innovation that will increase financial inclusion and expand access to digital services across the globe,said Andy Sheehan, EVP, U.S. open banking at Mastercard. FinTech Automation’s inclusion in the Engage partner network translates into fewer contracts, faster customer access, enhanced data security, and heightened overall flexibility to better leverage Mastercard’s robust open banking services. About FinTech Automation FinTech Automation is a Dallas, TX-based financial technology company dedicated to building a fully digital financial experience with little to no code. The FTA UniFi Platform is the foundational component - or building blocks - to help our clients drive innovation and business growth without worrying about the technology that supports it. The UniFi platform offers banking, payments, compliance, and wealth management Software as-a-Service applications, which are integrated with over 40 partners to offer analytics, databases, open banking, tools for application development, artificial intelligence, machine learning, and robotic process automation.

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