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Immedia ( (GB:BANK) ) has issued an update.
Fiinu Plc has announced an exclusive strategic partnership with Conister Bank to launch its Plugin Overdraft® product in the UK, pending regulatory approval. This collaboration marks a significant advancement in the fintech sector, as it allows customers to access overdraft services without switching banks, utilizing Fiinu’s AI-driven platform. The launch will initially target Payment Assist Limited’s existing retail customers before expanding to a broader market. The partnership includes a Master Services Agreement detailing exclusivity, profit-sharing, and technology integration, aiming to set a new standard for fintech and banking collaborations.
More about Immedia
Fiinu Plc is a fintech group known for its innovative financial solutions, particularly the Plugin Overdraft®. The company focuses on leveraging Open Banking and AI underwriting to offer bank-agnostic overdraft services, providing flexibility and choice to customers across the UK and potentially the EU.
Average Trading Volume: 902,921
Technical Sentiment Signal: Buy
Current Market Cap: £54.82M
Learn more about BANK stock on TipRanks’ Stock Analysis page.