diff --git a/CHANGELOG.md b/CHANGELOG.md
index a9ed484..95f76c6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 - Added support for Spring Boot 3.2.
+  - Updated dependencies.
 
 ## [3.0.1] - 2023-08-01
 
diff --git a/build.libraries.gradle b/build.libraries.gradle
index a06a3c6..cf11985 100644
--- a/build.libraries.gradle
+++ b/build.libraries.gradle
@@ -3,10 +3,10 @@ ext {
 
     libraries = [
             // explicit versions
-            guava                           : 'com.google.guava:guava:31.1-jre',
+            guava                           : 'com.google.guava:guava:33.0.0-jre',
             spotbugsAnnotations             : "com.github.spotbugs:spotbugs-annotations:${spotbugs.toolVersion.get()}",
             springBootDependencies          : "org.springframework.boot:spring-boot-dependencies:${springBootVersion}",
-            twBaseUtils                     : 'com.transferwise.common:tw-base-utils:1.10.1',
+            twBaseUtils                     : 'com.transferwise.common:tw-base-utils:1.12.4',
 
             // versions managed by spring-boot-dependencies platform
             commonsLang3                    : 'org.apache.commons:commons-lang3',