REG - Fiinu PLC - Operational Update - Plugin Overdraft®

FiinuAnnouncement

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RNS Number : 0870U  Fiinu PLC  24 February 2026

24 February 2026

 

Fiinu Plc

("Fiinu", the "Company" or the "Group")

 

Operational Update - Plugin Overdraft®

Fiinu Plc (AIM: BANK) provides an update on the planned launch of its Plugin
Overdraft®, in partnership with Manx Financial Group Plc (AIM: MFX) and its
subsidiary Conister Bank Limited ("Conister").

Fiinu notes the recent update by MFX, where it confirmed Conister had received
regulatory approval for the Plugin Overdraft® product, and confirms that the
parties are undergoing user acceptance testing ("UAT") of the agreed minimum
viable product ("MVP"). All Fiinu-side final MVP configuration delivery dates
are scheduled to be delivered this quarter. Further to these deliverables,
Fiinu intends to develop an outbound third-party payment interface for
Conister.

 

The Board notes that most of the core banking, AI-driven underwriting and
servicing functionality is already operational in test environment. Whilst
both parties had planned a Q1 2026 launch, there is now recognition that these
final requirements mean that Conister is unlikely to launch until Q2 2026.

 

The Company intends to provide a further update on launch progress and early
performance metrics in due course.

 

Regulatory and Market Positioning

 

The Plugin Overdraft® has been designed to operate fully within the UK's
overdraft framework, including affordability assessments, transparent pricing
and the customer protections introduced through the overdraft reform. In line
with FCA expectations on creditworthiness, vulnerability and fair treatment of
customers, the Plugin Overdraft technology incorporates:

·      Unbundling of overdraft technology, providing access without
anyone needing to switch their bank.

·      Automated onboarding and underwriting.

·      Decision-engine auditability and explainability.

·      Vulnerability flagging and customer-level controls.

·      Full audit trails across servicing and communications.

Fiinu continues to see significant unmet demand in the UK, US and EU overdraft
markets. In the UK, following the FCA reform, which has reduced access to
traditional overdraft facilities for many consumers, the Plugin Overdraft®
remains well-positioned to re-open the overdraft market, which has seen more
than 20 million people lose access to it in recent years.

 

*ENDS*

 

For further information, please contact: 

 Fiinu Plc                                       Tel: +44 (0) 1932 629 532

 Dr. Marko Sjoblom - CEO                         ir@fiinu.com

 SPARK Advisory Partners Limited (Nomad)         Tel: +44 (0) 203 368 3550/3551

 Mark Brady / Angus Campbell                     Email: (mailto:Email:%20fiinu@sparkapl.com) fiinu@sparkapl.com
                                                 (mailto:fiinu@sparkapl.com)

 Marex Financial (Joint Broker)                  Tel: +44 (0) 207 655 6000

 Angelo Sofocleous / Keith Swann / Matt Bailey   Email: corporate@marex.com (mailto:corporate@marex.com)

 Oberon Investment Limited (Joint Broker)        Tel: +44 (0)203 179 5300

 Nick Lovering / Adam Pollock / Mike Seabrook

 Brazil (Financial PR)                           Tel: +44 (0) 207 785 7383

 Joshua van Raalte / Christine Webb              fiinu@agencybrazil.com

 

For more information, please visit www.fiinuplc.com (http://www.fiinuplc.com)

 

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