NextGen and CBA enable Open Banking for mortgage brokers
September 28, 2023
We’re excited to share a significant milestone for Open Banking in Australia: Our parent company,
Frollo is a purpose-driven FinTech on a quest to help people feel good about money.
We help businesses use Open Banking to deliver better customer outcomes. From improving their financial position and getting a better deal on their finances, to a more streamlined, personalised experience.
We also have a free app for consumers to help them manage their money and improve their finances.
We’re on a quest to help people feel good about money
And the first to go live with Open Banking on 1 July 2020
Open Banking API calls made to date – and counting
We build market leading technology to help our clients use financial information to deliver better customer outcomes:
A fast and secure way for businesses to let their customers share financial information with them
Our AI engine turns raw transaction data into insights
Plug & play access to solutions for personal finance management, customer onboarding and lending
To help people feel good about money, we’ve made our own PFM app available for everyone in Australia, for free. The Frollo app is a great way for us to showcase the potential of our technology.
Our Founder, Gareth Gumbley started Frollo to help people feel good about money. To achieve our purpose, we created tools for businesses that improved the financial wellbeing of our customers.
When the Consumer Data Right legislation was introduced in Australia, it provided consumers with secure, real-time access to their financial data. This paved the way for us improve and expand our technology.
So, on 8 May 2020, Frollo became Australia’s first FinTech to be an Accredited Data Recipient. On 1 July 2020, we were the first to go live with Open Banking in our Frollo app.
Since then, things have only accelerated. We’re working with banks, FinTech’s, lenders and brokers to help them deliver better customer outcomes. We couldn’t be more excited about the future.
Want to know more about where we came from? Have a look at our year in review infographics for 2020 and 2021.
Frollo’s 2021 in Review
Frollo’s 2020 in Review
We are bold and ambitious
We are one team
We Invent
We care
From just an idea, to a purpose driven leader in Open Banking – a lot has happened in the few years since we launched. Below we’ve listed a few of our highlights, with many more to come!
Then head over to our careers page to join our amazing team.
We’re excited to share a significant milestone for Open Banking in Australia: Our parent company,
Our latest research shows that 55% of Australians have never heard of Open Banking, and
The Frollo Data Holder testing platform now runs automated test scenarios in production. Every developer
Increased usage of unregistered forms of credit like BNPL and Pay Advance carries risks for consumers and lenders.