Conister Bank to launch Plugin Overdraft® in UK

The following amendment has been made to the 'Conister Bank to launch Plugin Overdraft® in UK' released on 16 September 2025 at 7:00a.m. under RNS No 4221Z.

The reference to the TIDM for Manx Financial Group Plc has been amended to '(LON: MFX)'.

All other details remain unchanged. The full amended text is shown below.

Information contained within this Announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of English law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

16 September 2025

Fiinu Plc

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

Conister Bank to launch Fiinu's Plugin Overdraft® in the UK

Fiinu Plc (LON:BANK), a fintech group and creator of the Plugin Overdraft®, is pleased to announce that, further to the Company's notification released on 15 January 2025, it has entered into an exclusive strategic partnership with Manx Financial Group Plc (LON: MFX) ("MFG") subsidiary, Conister Bank Limited ("Conister"), to launch Fiinu's Plugin Overdraft® product in the United Kingdom, subject to regulatory approval.

This pioneering product represents a major milestone for the UK fintech sector, which makes use of both Open Banking and AI underwriting. Fiinu's bank-agnostic overdraft platform, powered by AI, was originally developed and audited for Fiinu Bank in the UK. It enables customers of any UK bank to 'plugin' a Conister Bank overdraft to their primary current account, without anyone needing to switch banks. The solution can technically access over 100 million personal current accounts in the UK and 95% of EU bank accounts. For the first time, overdraft services can be unbundled from traditional current accounts without anyone needing to switch their bank, offering consumers greater flexibility, transparency, and choice.

The Plugin Overdraft® will be launched initially to MFG's subsidiary, Payment Assist Limited's (PAL's) one million plus existing retail customers, before being expanded more widely to Conister's retail and SME customer base across the UK and Isle of Man.

The Plugin Overdraft® remains scheduled for launch in Q4 2025.

Master Services Agreement ("MSA")

The MSA governs the parties' relationship in respect of the roll-out and operation of Fiinu's Plugin Overdraft®. Key elements include:

· Exclusivity: Unless mutually agreed, Conister will hold exclusive rights to use the Plugin Overdraft® in the UK and Isle of Man for a minimum of three years.

· White-labelled rollout: The product will be branded "Conister Bank Plugin Overdraft®, powered by Fiinu", and fully integrated into Conister's infrastructure and PAL's customer channels.

· Profit-sharing Arrangement: Parties have agreed an audited share of annual product profits, reconciled annually in arrears.

· Technology platform: Fiinu will operate the turnkey platform and will invoice Conister, on an agreed charging structure for the development and continuous use of platform on volumes basis, in addition to the annual profit-sharing arrangement.

· Implementation & governance: The programme will be jointly managed with structured governance and regular strategic reviews.

Dr. Marko Sjoblom, Fiinu's Chief Executive Officer, commented:

"This partnership with Conister Bank is a true milestone for both companies. Conister Bank, with its 90-year history and forward-looking approach, is the ideal partner to help us deliver the Plugin Overdraft® at scale. Their regulatory expertise and distribution strength perfectly complement Fiinu's proprietary, bank-agnostic platform, which was originally designed during my PhD research in AI focused on overdrafts and affordability. This foundation has evolved into a proprietary AI-driven underwriting engine that makes overdrafts responsibly available across the UK's 100 million+ personal current accounts and can scale seamlessly across thousands of banks in the EU. Together with Conister, we believe we are setting a new standard for collaboration between two AIM companies, banks and fintechs, with PAL's one-million-plus customers as the launch base. We remain firmly on track for our Q4 2025 launch. "

Douglas Grant, Conister Bank and MFG's Chief Executive Officer, commented:

"The Plugin Overdraft® is a world-first unbundled overdraft solution, allowing any UK bank customer to access an overdraft without leaving their primary bank. Enabled by Open Banking and powered by Fiinu's pioneering, bank-agnostic AI platform, it provides our customers with genuine choice and flexibility. Conister and Fiinu teams have done exceptional work in tailoring this groundbreaking technology for Conister as a white-label solution, and we are proud to bring it to market together. Launching first to PAL's one-million-plus customers, and then more broadly, this product represents a step-change in how overdrafts are delivered and will create meaningful value for customers and shareholders alike."

Further announcements will be made as appropriate.

The Directors of the Company are responsible for the release of this announcement

*ENDS*

For further information, please contact:

For more information, please visit www.fiinuplc.com