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:  

For more information, please visit www.fiinuplc.com

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