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Immedia ( (GB:BANK) ) has provided an announcement.
Fiinu Plc has provided an operational update on the rollout of its Plugin Overdraft®, developed in partnership with Manx Financial Group and its subsidiary Conister Bank, which has now received regulatory approval. User acceptance testing of the minimum viable product is under way, final configuration deliveries are scheduled for this quarter, and Fiinu will also build an outbound third-party payment interface for Conister, pushing the expected launch from Q1 to Q2 2026.
The Plugin Overdraft® is designed to comply fully with the UK’s reformed overdraft framework, embedding affordability checks, transparent pricing, AI-driven underwriting and robust customer protection features such as vulnerability flagging and full audit trails. Fiinu believes the product is well placed to address substantial unmet overdraft demand, particularly in the UK where regulatory changes have limited traditional overdraft access for over 20 million consumers, and plans to update the market on launch progress and early performance metrics in due course.
More about Immedia
Fiinu Plc, listed on AIM under the ticker BANK, operates in the financial technology and banking services sector, focusing on innovative credit products such as its Plugin Overdraft®. The company targets unmet consumer demand in overdraft markets across the UK, US and EU, positioning its technology to work alongside existing bank accounts without requiring customers to switch providers.
Average Trading Volume: 497,060
Technical Sentiment Signal: Sell
Current Market Cap: £32.8M
For an in-depth examination of BANK stock, go to TipRanks’ Overview page.