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An update from Immedia ( (GB:BANK) ) is now available.
Fiinu Plc has entered into an exclusive strategic partnership with Conister Bank, a subsidiary of Manx Financial Group, to launch its Plugin Overdraft® in the UK, pending regulatory approval. This partnership marks a significant development in the fintech sector, as the Plugin Overdraft® allows customers to access overdraft services without changing their primary bank, enhancing flexibility and choice. The product will initially be available to over one million customers of Payment Assist Limited, with plans to expand further. The agreement includes a profit-sharing arrangement and a white-label rollout, positioning Fiinu and Conister as pioneers in unbundled overdraft solutions.
More about Immedia
Fiinu Plc is a fintech group known for its innovative Plugin Overdraft® product. The company focuses on leveraging Open Banking and AI underwriting to provide flexible and transparent overdraft solutions. Fiinu’s bank-agnostic platform allows customers to access overdraft services without switching banks, targeting a wide market of personal and SME accounts in the UK and EU.
Average Trading Volume: 933,677
Technical Sentiment Signal: Buy
Current Market Cap: £59.63M
Learn more about BANK stock on TipRanks’ Stock Analysis page.