LON:BANK Fiinu (BANK) Share Price, News & Analysis GBX 0.50 0.00 (0.00%) (As of 12/24/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisChartCompetitors About Fiinu Stock (LON:BANK) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Fiinu alerts:Sign Up Key Stats Today's Range 0.45▼ 0.5050-Day Range 0.41▼ 0.8352-Week Range 0.40▼ 1.82Volume200,345 shsAverage Volume306,897 shsMarket Capitalization£1.37 millionP/E Ratio0.29Dividend YieldN/APrice TargetN/AConsensus RatingN/A Company OverviewFiinu Plc is a fintech group, including Fiinu Bank, authorised by the Bank of England. The bank will launch the Plugin Overdraft® in the UK, an unbundled overdraft solution without anyone needing to switch banks. Fiinu will become the first Open Banking led interest income/deposit margin banking infrastructure provider. The bank-agnostic fintech platform will be serving all other UK bank customers, of which circa 55-60% do not have access to arranged overdrafts. The group intends to licence its technology platform, especially in the markets where it does not want to set up banking operations. Fiinu’s business model is tailored to increase financial inclusion, and it is positioned to fill the gap by providing a new choice in the overdraft market. According to Experian, the presence of an arranged overdraft in a credit file can improve the credit rating if consumers use it sensibly. Fiinu Bank will be able to adopt a sophisticated approach to assess affordability and to set credit limits, thereby potentially enabling it to extend its overdraft credit to a substantially wider population than traditional banks. Fiinu’s dynamic Open Banking-led underwriting model is based on the principle that overdraft limits will be provided to those who can demonstrate an ability to make repayments within a reasonable time without adversely impacting their overall financial well-being or needing to borrow more elsewhere to repay Fiinu. Furthermore, the unintended consequence of the 2020 regulatory reform of the UK overdraft market resulted in the removal of a specific credit product – the unarranged overdraft, which has left over £10 billion funding gap in the market. The removal of this product did not remove the demand for credit, but rather it forced consumers to seek alternatives which, in most cases, are non-bank credit products. There is a range of such alternatives in the market, some regulated and some unregulated. According to the FCA (Jun 2019), merchants who offer Point of Sale (“POS”) credit as part of their credit offers include catalogue credit, store cards and retailers who offer finance at the point of sale (this can be in-store or online). The most recent new POS credit choice is Buy-Now-Pay-Later (“BNPL”). FCA primary research (Jul 2017) suggests that the credit scores of people who used these types of non-bank products worsened significantly. According to the Journal of Financial Economics (Nov 2021), empirical data research indicates that some other non-bank alternatives cause an immediate 4.7% drop in consumers’ credit scores, increasing to 10% over time. Fiinu will provide a new choice in the market that could potentially improve financial inclusion for millions of people. Read More… Receive BANK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fiinu and its competitors with MarketBeat's FREE daily newsletter. Email Address BANK Stock News HeadlinesNo headlines for this company have been tracked by MarketBeat.com BANK Stock Analysis - Frequently Asked Questions How have BANK shares performed this year? Fiinu's stock was trading at GBX 0.65 on January 1st, 2024. Since then, BANK shares have decreased by 23.1% and is now trading at GBX 0.50. View the best growth stocks for 2024 here. How do I buy shares of Fiinu? Shares of BANK stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.Compare Top Brokerages Here. What other stocks do shareholders of Fiinu own? Based on aggregate information from My MarketBeat watchlists, some other companies that Fiinu investors own include Cellular Goods (CBX), Bird Global (BRDS), boohoo group (BOO), Baron Oil (BOIL), Bidstack Group (BIDS), ARM (ARM) and Argo Blockchain (ARB). Industry, Sector and Symbol Stock ExchangeLON SectorFinancial Services Industry Credit Services Sub-IndustryN/A Current SymbolLON:BANK CUSIPN/A CIKN/A Webwww.fiinu.com Phone44-19-32-629-582FaxN/AEmployees4Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)GBX 1.72 Trailing P/E Ratio0.29 Forward P/E RatioN/A P/E GrowthN/ANet Income£-4,390,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-176.13% Return on Assets-53.50% Debt Debt-to-Equity Ratio4.03 Current Ratio4.50 Quick RatioN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares274,750,000Free FloatN/AMarket Cap£1.37 million OptionableNot Optionable Beta0.49 These 7 Stocks Will Be Magnificent in 2025Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.Get This Free Report This page (LON:BANK) was last updated on 12/25/2024 by MarketBeat.com Staff From Our PartnersAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. And one team...True Market Insiders | SponsoredDid You See Trump’s Bombshell Exec. Order 001?Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001."Banyan Hill Publishing | Sponsored$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being c...Stansberry Research | SponsoredThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. So, I decided to give you this heads-u...Weiss Ratings | SponsoredElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...The Freeport Society | SponsoredCollect $7k per month from Tesla’s SECRET dividendTesla doesn't pay a traditional dividend.... But I just discovered a secret backdoor to collect a secret 69...Investors Alley | SponsoredMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | SponsoredVladimir Lenin was right…The Magnificent 7 could be in for a world of pain… And the insiders know it. It’s why Jeff Bezos just sold ...Porter & Company | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fiinu Plc Please log in to your account or sign up in order to add this asset to your watchlist. Share Fiinu With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.