fiinu

Fiinu signs heads of terms for its first white-label BaaS deal with a UK Bank   "We believe our Plugin Overdraft® platform is a valuable asset, and we remain committed to unlocking the full value of our proprietary intellectual property and AI offerings in a manner that aligns with the market's needs and long-term objectives. We are firm believers in Open Banking-enabled technology for unbundling financial services through the innovative application of AI. By way of example, our Plugin Overdraft AI underwriting agent benefits from artificial neural networks (ANN) and Markov chains (MC), which has led to the development of a new ANN-MC underwriting model. From a strategic perspective, we maintain conversations with other banks outside the UK. We are also continuing discussions to secure Fiinu Bank's regulatory capital." Source: https://lnkd.in/eSb8yTS8

We seek a Chief Financial Officer in our London Stock Exchange AIM-quoted company. The ideal candidate will have a strong knowledge of the Financial Services sector, AIM rules, white labelling product offerings, deal-making, negotiations, and M&A activities. https://lnkd.in/gKbx4CGn

2023 Accounts announced: https://lnkd.in/eW-SKZMU

We are thrilled to share that fiinu has been nominated for the Innovation of the Year award at the British Bank Awards. We are huge supporters of Open Banking, which enables our intelligent technology platform to connect near-live to over 100 million bank accounts and offer Plugin Overdraft® without anyone having to switch their bank.

The Open Banking enables our flagship product, #PluginOverdraft. It is the world’s first unbundled overdraft solution without anyone needing to switch banks. We intend to white-label the platform for other banks, following an independent audit for #FiinuBank. The solution holds tremendous promise in advancing financial inclusion and the underlying tech infrastructure can increase financial fairness and freedom for everyone everywhere.

Kudos to Andy Sleigh, who said in today's Financial Times: “The nonprime lending market is broken, creating a dangerous situation where already vulnerable consumers are being shut out of accessing credit. With the continued cost of living squeeze, however, these people are being forced towards unregulated, and sometimes high-cost options, which can have major long-term implications on their financial resilience and overall wellbeing”. https://lnkd.in/e8YCzngE