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TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S. Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance Hippo Appoints its EVP & Chief Strategy Officer Stewart Ellis to Its Board of Directors FCA Spearheads Global Action to Stop Illegal Finfluencers VWFS UK Strengthens Commercial Vehicle Offering With New Insurance Partnership Warm Weather Sparks Surge in UK Clothing, Garden and Travel Spend DBS Enhances Spark GenAI Programme to Fast Track SME AI Adoption in Support of Singapore’s AI Ambitions Paytently Adds Stablecoins via BVNK to Accelerate Global Payments Paywint Integrates Cross-Border Payments Infrastructure for Emerging Fintech Markets ACI Worldwide and Kinexys by J.P. Morgan Collaborate to Mitigate Global Real-Time Payments Fraud Serrala Launches Governed AI Agents to Accelerate the Shift to Autonomous Finance Corgi Insurance Launches Free Community Bus Routes Across San Francisco

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A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech

By Matthew Burls There is a unique energy that fills the historic Guildhall when the […]

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Fintech

 WHY THIS MATTERS:This landmark regulatory milestone is a significant indicator of the ongoing evolution in specialist lending and UK long-term mortgage finance. For a non-deposit-taking institution to secure authorization for retail deposits—a historically low-cost, stable source of capital—it fundamentally alters their competitive posture against established high-street banks. The ability to vertically integrate funding allows a focused challenger like Perenna to dramatically lower its cost of funds, directly supporting the scaling of its extended fixed-rate products. In a market where fluctuating interest rates create acute affordability challenges, this move stabilizes the supply side of specialist housing finance. It signals a critical trend where innovative lenders are moving beyond wholesale markets to build resilient, full-stack financial architectures, ultimately pushing the entire sector toward greater product stability and consumer certainty Perenna, the UK’s first long-term fixed-rate mortgage provider, today announces that it has received authorisation from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to accept retail deposits. The approval comes as the lender expands its mortgage proposition to include a range of 5 to 15-year fixed-rate products and seeks to further diversify its funding strategy.  The new regulatory permission represents an important milestone for Perenna, enabling it to access additional sources of funding alongside its existing £200m warehouse facility with ABN AMRO, which currently supports its long-term fixed rate lending.   Launch of savings proposition with Raisin Perenna has partnered with Raisin, the world’s leading savings and investment platform, to launch its retail savings proposition. The partnership enables Perenna to offer fixed-term savings accounts with maturities from six months to five years, alongside 95-day notice accounts, to Raisin’s extensive customer base.   The move complements Perenna’s existing funding arrangements and supports the continued growth of its 5 to 15-year mortgage products, which were launched at the end of 2025 in response to rising consumer and broker demand and has already seen strong early uptake. The strengthened funding model positions Perenna to scale its expanded product offering and play a leading role in reshaping long-term mortgage finance in the UK.  Colin Bell, Chief Operating Officer at Perenna, said: “Gaining authorisation for retail deposits is a significant moment for Perenna in our growth and value story, and will enable our continued innovation in the mortgage market. As our products become more diversified in response to market demand, so too must our funding sources. “Launching a savings proposition is the natural next step for Perenna, and securing regulatory approval to do so is a testament to the quality of the controls, processes and people we have in place within the business. “We’re committed to providing innovative products to the market and creating a nation of happy homeowners. Working with Raisin, we can fund access to a broader range mortgage solutions for homeowners, giving borrowers greater financial certainty and helping them navigate the UK’s affordability challenge, through funding from savers.” FF NEWS TAKE: This announcement decisively moves the needle by proving that a modern, scaled funding model can successfully challenge the traditional banking oligopoly for capital. The immediate focus should shift to the execution of the Raisin partnership: specifically, how quickly and cost-effectively Perenna can attract a substantial volume of new retail money. If they execute this savings launch effectively, expect other challenger lenders to follow suit, further blurring the lines between specialty providers and chartered banks in the quest for capital advantage.

PRA & FCA Authorise Perenna to Accept Retail Deposits as Lender Boosts Funding Strategy

Perenna,announces that it has received authorisation from the PRA and the FCA to accept retail deposits

News

 Perenna receives UK Government grant funding to accelerate decarbonisation of UK housing stock

Perenna receives UK Government grant funding to accelerate decarbonisation of UK housing stock

Perenna, the start-up bank revolutionising the UK mortgage market, will use the grant funding to […]

Fintech

 Perenna’s long-term fixed rate mortgages launch to the wider broker market

Perenna’s long-term fixed rate mortgages launch to the wider broker market

Perenna has opened its mortgages to a wider range of FCA authorised intermediaries across the […]

Fintech

 Perenna-Announces-Exclusive-Partnership-with-L&C-Mortgages

Perenna Announces Exclusive Partnership with L&C Mortgages

Perenna has announced an exclusive partnership with L&C Mortgages as it begins lending this month. […]

Funding

 Perenna raises $52 million in latest funding round to establish a new financial infrastructure in the UK

Perenna raises $52 million in latest funding round to establish a new financial infrastructure in the UK

Perenna, a new bank with a mission to structurally change the UK mortgage market, has […]

Fintech

 perenna.jpg

Perenna set to disrupt mortgage market with bank licence approval

Perenna, a new bank which will structurally change the UK mortgage market through its unique […]

Fintech

 Perenna obtains banking licence and will be launching 30-year fixed rate mortgages in the near future | Fintech Finance

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 & […]

Fintech

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 & […]

News

 The Fundraising Rap Up #11 January 2021 | Fintech Finance

The Fundraising Rap Up #11 January 2021

With a new year and new month comes a brand new Fundraising Rap Up from […]

News

Perenna raises $10 million in latest funding round to bring fixed for life mortgages to UK market

Perenna, the London based fintech, has completed its latest funding round raising $10 million as […]

  1. TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity

    Event Videos 2026

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  2. A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech

    Thought Leadership

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  3. Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience

    Insurtech

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  4. Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S.

    Insurtech

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  5. Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance

    Fintech

     Read more
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