**Summary**
Fiinu Plc (LONBANK) has announced an exclusive strategic partnership with Manx Financial Group Plc (LON: MFX) subsidiary, Conister Bank Limited, to launch its innovative **Plugin Overdraft®** product in the UK, subject to regulatory approval. This groundbreaking fintech solution leverages Open Banking and AI underwriting, allowing customers of any UK bank to access an overdraft without switching banks. The product will initially be rolled out to Payment Assist Limited’s (PAL) one million+ existing retail customers before expanding to Conister’s broader customer base in the UK and Isle of Man.
Key details of the partnership include
**Exclusivity** Conister holds exclusive rights to the product in the UK and Isle of Man for at least three years.
**White-label branding** The product will be branded as "Conister Bank Plugin Overdraft®, powered by Fiinu."
**Profit-sharing** An audited share of annual profits will be reconciled annually.
**Technology platform** Fiinu will operate the turnkey platform and charge Conister based on usage volumes.
The Plugin Overdraft® is scheduled for launch in Q4 2025, marking a significant milestone for the UK fintech sector by offering consumers greater flexibility, transparency, and choice in overdraft services. Fiinu’s CEO, Dr. Marko Sjoblom, and Conister’s CEO, Douglas Grant, highlighted the partnership’s potential to set a new standard for collaboration between banks and fintechs, delivering value to both customers and shareholders.
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