SMALL CAP MOVERS: Fiinu agrees AI deal with UK bank Gloomy economic data did little to suppress London stocks this week, as a bumper performance across the board saw a heap of winners emerge on AIM.
Once launched, Fiinu would receive royalty fees from the bank's audited profits, with chief executive Marko Sjoblom flagging the strategic collaboration as 'a pivotal step'.
Patients with moderate to severe inflammatory bowel disease would be supported via the platform, which integrates data analytics with personalised resilience programs to aid against emotional and physical challenges of chronic conditions.
Plugin Overdraft, Fiinu’s AI white-label Banking-as-a-Service platform, would be incorporated into the bank's treasury, regulatory reporting and accounting systems, it said.
Shares in the fintech skyrocketed 1,560 per cent to reach 8.3p come Friday, boosted by Wednesday’s unveiling of a first deal for its flagship product with an independent UK bank.
