Company Announcements

TransUnion Supports Fiinu Bank in Offering Consumers Greater Choice with New Plugin Overdraft Solution

19 December 2022: Global information and insights company TransUnion is supporting Fiinu Bank to help enable its innovative overdraft solution, using TransUnion Open Banking capabilities and credit reference data.

This information will provide an in-depth understanding of a consumer's financial situation and help Fiinu, which is a registered bank, to deliver robust Open Banking-driven eligibility checks of consumers applying for an overdraft.

Fiinu's Plugin Overdraft® is a standalone solution which allows individuals to have an overdraft facility alongside their existing current/bank account, using the same infrastructure and ensuring a smooth customer journey. This offers the consumer greater choice and supports financial inclusion and freedom, bringing much needed flexibility to the overdraft market.

Stephen Wishart, director of fintech at TransUnion in the UK, said: "We're pleased to support Fiinu as they drive innovation in the market by seeking to offer new avenues for consumers to access credit. The use of TransUnion Open Banking capabilities, alongside our credit reference data, will provide a comprehensive view of the individual's financial situation, helping Fiinu to assess the finance that's right for the individual's needs.

"This partnership aligns with our mission of using Information for Good and we look forward to working with Fiinu as they progress on their journey towards the launch of this first-in-market solution."

Chris Sweeney, CEO from Fiinu plc, said: "It's important that consumers have as much choice as possible when it comes to finding finance and that there are products to suit different needs. Overdrafts play a major role in consumer credit provision, yet to date they've only been offered as an extension of an existing personal current account. At Fiinu we've created an overdraft that can effectively plug in to your current account/bank account if you don't have this facility available to you.

"Using TransUnion's Open Banking alongside credit reference data will help us to obtain a holistic view of a consumer's financial circumstances, so we can offer overdrafts, where appropriate, to those who may otherwise have found it difficult to obtain an overdraft and had to resort to more expensive and less appropriate forms of credit."

For more information about TransUnion's Open Banking, visit: https://www.transunion.co.uk/product/open-banking-platform

For more information about Fiinu's Plugin Overdraft®, visit: www.fiinu.com

ENDS

About Fiinu (AIM: BANK)

Fiinu, founded in 2017, is a fintech group, including Fiinu Bank^{1], which is authorised by the Prudential Regulatory Authority^[1]. Fiinu's Plugin Overdraft® is an unbundled overdraft solution which allows customers to have an overdraft with Fiinu Bank without changing their existing bank. The underlying Bank Independent Overdraft® technology platform is bank agnostic, allowing Fiinu Bank to serve all other banks' customers. Open Banking allows Fiinu's Plugin Overdraft® to attach ("plugin") to the customer's primary bank account, no matter which bank they may use. Fiinu's vision is built around Open Banking, and it believes that it increases competition and innovation in UK banking.

For more information, please visit www.fiinu.com.

^[1] Fiinu Bank Limited obtained its UK deposit-taking banking licence with restrictions from the Prudential Regulation Authority (PRA) and with the consent of the Financial Conduct Authority (FCA) in July 2022.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.® A leading presence in more than 30 countries across five continents, TransUnion provides

solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.

In the UK, TransUnion is a leading credit reference agency (CRA) and we offer specialist services in fraud, identity and risk management, automated decisioning and demographics. We support organisations across a wide variety of sectors including finance, retail, telecommunications, utilities, gaming, government and insurance.

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