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EXCLUSIVE: “Travelling Light” – Heman Daswani and Sairam Rangachari, Temenos in ‘The Paytech Magazine’ AutoRek & Microsoft: Unlocking Value from Manual Processes 82% of Insurers Say AI Will Define Their Future, But Only 14% Have Integrated It Ripple Deepens Commitment to Brazil with Expanded Payments Offering, Growing Customer Momentum and VASP License Application Colombian Fintech TumiPay Appoints Karina Sensebé as Regional Country Manager for Latin America Denise Johansson Takes the Reins as Sole CEO of Enfuce as Company is on Track to 10x Revenue by 2030 FirstRand Bank First to Advance Blockchain Treasury Management in South Africa With Kinexys by J.P. Morgan Wio Bank PJSC Reports AED 61 Billion Assets and Record Revenue of AED 1.24 Billion in FY2025 Sahm App Becomes One of the First Platforms to Roll Out Full Saudi Stock Investment Access to Global Investors J.P. Morgan Payments Brings Its B2B Virtual Card Offering to Europe in Collaboration With Mastercard Metro Bank Launches New FX Forwards Service, Powered by Equals Money Stax Payments Announces Leadership Changes to Align Operations, Technology and Go-to-Market Strategy Starling Chair to Step Down in 2026 Convr AI Powers Underwriters with Actionable Insights, Faster TSB Warns Over ‘Cruel’ Spate of New ‘Friendship Fraud’ Cases Targeting Older and Vulnerable People

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EXCLUSIVE: "Travelling Light" - Heman Daswani and Sairam Rangachari, Temenos in 'The Paytech Magazine'

Fragmented and legacy systems are weighing down banks, undermining the innovation agility that modern payments […]

Insurtech

Certua Life Becomes First New UK Life Insurer in Nearly Two Decades

Certua Life is the first UK life insurance business to combine an insurance licence with the technology to embed life insurance into the digital services

Fintech

LHV Bank Granted Consumer Credit Permission by the PRA, Underscoring Strong Risk and Governance Framework

LHV Bank has been formally granted consumer credit permission by the UK Prudential Regulation Authority (PRA),

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

Fintech

The Prudential Regulation Authority Proposes Raising FSCS Deposit Protection Limit to £110,000

The PRA has today proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000

Fintech

Revolut Receives UK Banking Licence

Revolut, the global fintech with over nine million UK customers and 45 million globally, has […]

Fintech

New Challenger Bank SilverRock Obtains Banking License

SilverRock Bank has today announced the granting of its banking authorisation with restrictions by the […]

Insurtech

Embedded Insurer Wakam Commits to UK Market With FCA and PRA Approvals

Wakam receives approval as a licensed and regulated insurer by the Financial Conduct Authority (FCA) […]

Fintech

New Industry Proposal Calls for Support From Regulators to the RegTech Sector in the UK

Innovate Finance, the industry body for UK FinTech representing the RegTech community, together with the […]

Fintech

The-Bank-of-England-PRA-and-the-FCA-overseeing-critical-third-parties

The Bank of England, PRA and the FCA issue joint proposals to increase resilience of the financial sector by overseeing critical third parties

The Bank of England (the Bank), Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) […]

Fintech

Allfunds announces UK dual-regulation as it strengthens UK footprint

EXCLUSIVE: “Travelling Light” – Heman Daswani and Sairam Rangachari, Temenos in ‘The Paytech Magazine’

The Paytech Magazine

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AutoRek & Microsoft: Unlocking Value from Manual Processes

Fintech TV

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82% of Insurers Say AI Will Define Their Future, But Only 14% Have Integrated It

Insurtech

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Ripple Deepens Commitment to Brazil with Expanded Payments Offering, Growing Customer Momentum and VASP License Application

Crypto

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Colombian Fintech TumiPay Appoints Karina Sensebé as Regional Country Manager for Latin America

Hiring

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EXCLUSIVE: "Travelling Light" - Heman Daswani and Sairam Rangachari, Temenos in 'The Paytech Magazine'

Certua Life Becomes First New UK Life Insurer in Nearly Two Decades

LHV Bank Granted Consumer Credit Permission by the PRA, Underscoring Strong Risk and Governance Framework

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

The Prudential Regulation Authority Proposes Raising FSCS Deposit Protection Limit to £110,000

Revolut Receives UK Banking Licence

New Challenger Bank SilverRock Obtains Banking License

Embedded Insurer Wakam Commits to UK Market With FCA and PRA Approvals

New Industry Proposal Calls for Support From Regulators to the RegTech Sector in the UK

The Bank of England, PRA and the FCA issue joint proposals to increase resilience of the financial sector by overseeing critical third parties

Allfunds announces UK dual-regulation as it strengthens UK footprint

Conister Bank obtains UK deposit-taking licence

Adyen granted UK banking authorization

LHV Secures UK Banking Licence from the PRA

Allica Bank urges the Bank of England to seize a ‘golden opportunity’ to support the UK’s SME ecosystem

Griffin secures additional $15.5 million in funding in quest to become the bank fintechs can build on