diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 05c8e3781fd3..2fd537d404d1 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -369,7 +369,7 @@
   "google-cloud-filestore-v1+FILLER": "0.0.0",
   "google-cloud-financial_services": "0.1.1",
   "google-cloud-financial_services+FILLER": "0.0.0",
-  "google-cloud-financial_services-v1": "0.1.1",
+  "google-cloud-financial_services-v1": "0.2.0",
   "google-cloud-financial_services-v1+FILLER": "0.0.0",
   "google-cloud-firestore": "3.0.0",
   "google-cloud-firestore+FILLER": "0.0.0",
diff --git a/google-cloud-financial_services-v1/CHANGELOG.md b/google-cloud-financial_services-v1/CHANGELOG.md
index 1e02f0a0a633..085a7f1fb3ca 100644
--- a/google-cloud-financial_services-v1/CHANGELOG.md
+++ b/google-cloud-financial_services-v1/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+### 0.2.0 (2025-05-12)
+
+#### Features
+
+* Updated core dependencies including gapic-common 
+* Updated required Ruby version to 3.1 
+
 ### 0.1.1 (2025-04-29)
 
 #### Bug Fixes
diff --git a/google-cloud-financial_services-v1/lib/google/cloud/financial_services/v1/version.rb b/google-cloud-financial_services-v1/lib/google/cloud/financial_services/v1/version.rb
index 62e460091936..19fe8a685143 100644
--- a/google-cloud-financial_services-v1/lib/google/cloud/financial_services/v1/version.rb
+++ b/google-cloud-financial_services-v1/lib/google/cloud/financial_services/v1/version.rb
@@ -21,7 +21,7 @@ module Google
   module Cloud
     module FinancialServices
       module V1
-        VERSION = "0.1.1"
+        VERSION = "0.2.0"
       end
     end
   end
diff --git a/google-cloud-financial_services-v1/snippets/snippet_metadata_google.cloud.financialservices.v1.json b/google-cloud-financial_services-v1/snippets/snippet_metadata_google.cloud.financialservices.v1.json
index fa1e95821e4c..3a298f35b565 100644
--- a/google-cloud-financial_services-v1/snippets/snippet_metadata_google.cloud.financialservices.v1.json
+++ b/google-cloud-financial_services-v1/snippets/snippet_metadata_google.cloud.financialservices.v1.json
@@ -1,7 +1,7 @@
 {
   "client_library": {
     "name": "google-cloud-financial_services-v1",
-    "version": "0.1.1",
+    "version": "0.2.0",
     "language": "RUBY",
     "apis": [
       {