Breaking News
Perenna obtains banking licence and will be launching 30-year fixed rate mortgages in the near future
Perenna today has received its banking licence with restrictions from the Prudential Regulation Authority & Financial Conduct Authority. This means Perenna is now an authorised bank, and once it confirms that its banking infrastructure is in place and its restrictions lifted it will offer long-dated fixed rate mortgages and eventually offer a complete suite of mortgage products that suit consumers.
The UK government, the Bank of England, the Tony Blair Institute and many other commentators have identified the benefits of a long-term fixed rate mortgage market can provide to UK financial stability and UK consumers, specifically supporting first time buyers onto the housing ladder. In addition, through Perenna’s long-term funding model the UK can finally develop an efficient and scalable green mortgage market. By fixing the payments for 30 years (or more) consumers will immediately see the benefit of home retrofits.
The UK is experiencing a housing crisis. In these times other countries have benefited from a model like Perenna to turn the fortunes of the country around for the better. Historic examples include Fannie Mae & Freddie Mac in the US post the Great Depression, the Pfandbrief banks in Germany in the aftermath of war and mortgage banks in Denmark after the great fire of Copenhagen.
Perenna will deliver these mortgage market innovations using its unique bank funding model, boosting growth by stimulating investment and increasing systemic stability. The Perenna business model will be the catalyst to resolve the UK’s productive finance challenge through the covered bond market channelling the trillions of pounds of insurance and pension monies into the UK real economy by improving the domestic capital markets, which to date has been a challenge.
Arjan Verbeek, CEO and Founder of Perenna, says: “It is very exciting to be a bank that is authorised with restrictions, and it is a major milestone for the team. The UK financial infrastructure requires significant innovation to get growth back and reduce inequality. Perenna will be the blueprint to deliver this, for mortgages as well as SME and infrastructure. Perenna will support consumers with buying their first homes, moving home, supporting themselves in retirement, and help the transition to net zero. Perenna looks forward to working with other initiatives to increase private sector investment into the real economy addressing the structural challenges we face.”
People In This Post
- The CRO’s Role: Balancing Resilient Operations with Frictionless Customer Experiences Read more
- Performativ Raises $14m Series A Led by Large European Financial Infrastructure Provider Read more
- Temenos Named a Leader in Digital Banking Engagement Platforms Read more
- Mehrwerk Partners With bolttech to Expand Embedded Services and Insurance Offerings in Germany and Beyond Read more
- Synpulse and 360F Launch Whitepaper on the Future of Insurance Product Development Powered by Agentic AI Read more
Temenos Named a Leader in Digital Banking Engagement Platforms
Temenos today announced it has been named a Leader in the Forrester Wave™: Digital Banking Engagement Platforms, Q2 2026
V12 Retail Finance Q1 Data Shows Continued Growth in Big-Ticket Retail Finance as UK Consumers Become More Selective
New quarterly data from V12 Retail Finance shows that UK consumers continued to turn to point-of-sale finance for high-value purchases in the first three months of 2026, with total finance values across the platform growing 4% between January and March, compared to Q1 2025.
Japan’s Mizuho Financial Group Strengthens Security Operations
Tanium, a leader in Autonomous IT, announced today that Mizuho Financial Group, one of the world’s largest full-service financial conglomerates, has expanded its deployment of the Tanium Autonomous IT Platform to enhance its security operations and threat hunting driven by real-time endpoint intelligence.
FloQast Opens Berlin Hub to Support Accounting Transformation Across DACH
FloQast, the Accounting Transformation Platform created by accountants for accountants to automate accounting and audit workflows with AI,, has announced the opening of its new Berlin hub, marking a strategic expansion across the DACH region. The move reflects growing demand from finance teams facing increased regulatory pressure, operational complexity, and limited headcount, while seeking practical ways to adopt AI with confidence.
Forte Bank Chooses CSI as Core Technology Provider to Accelerate Growth and Modernize the Customer Experience
CSI, a leading provider of end-to-end financial software and technology, today announced that Forte Bank has selected CSI as its core banking provider. The independent community bank will implement CSI’s NuPoint® core platform, along with fully integrated Apiture® digital banking as well as loan origination capabilities, enabling the bank to modernize operations, enhance customer experiences, and drive future growth.
AU10TIX Selects Camunda to Orchestrate High-Volume KYC and KYB Identity Verification
Camunda, the enterprise platform for agentic orchestration, today announced that AU10TIX, a global leader in identity verification and fraud prevention, is using Camunda to support Know Your Customer (KYC) and Know Your Business (KYB) workflows at scale - powering secure, high-volume identity verification worldwide. Camunda allows for the management of complex identity processes without embedding decision logic deep inside application code.
NatWest Complete Remortgage in Two Working Days via PEXA’s Digital Infrastructure
The first NatWest remortgage transaction to complete on the PEXA platform did so within two working days
The CRO’s Role: Balancing Resilient Operations with Frictionless Customer Experiences
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Performativ Raises $14m Series A Led by Large European Financial Infrastructure Provider
Performativ has raised $14 million in a Series A funding round, led by Deutsche Börse Group
Temenos Named a Leader in Digital Banking Engagement Platforms
Temenos today announced it has been named a Leader in the Forrester Wave™: Digital Banking Engagement Platforms, Q2 2026
Mehrwerk Partners With bolttech to Expand Embedded Services and Insurance Offerings in Germany and Beyond
Mehrwerk announced a strategic partnership with bolttech, to expand their joint range of embedded services and insurance solutions
Synpulse and 360F Launch Whitepaper on the Future of Insurance Product Development Powered by Agentic AI
Synpulse has collaborated with 360 to launch a new whitepaper titled "The Last Slow Industry: How Agentic AI Will Reshape the Way Insurance Products Are Built."
Markel Canada Launches Digital Quote & Bind Solution for Special Events on Markel Connect
Markel announced the launch of PlayMicro in Canada, a special events portal offering short-term coverage for sporting events, meetings, cultural and social gatherings, now available through its digital platform
Trust in Insurance on the Rise – but Insurers Still Have a Long Way to Go
Consumer trust in insurance providers has improved across most sectors, with car and travel insurance both recording higher scores